May 11, 2017

Carl Keith Battie

Offering Fraud

SANCTION AMOUNT: Approximately $10 million

Defendants: Carl Keith Battie

Defendant, through an assumed identity, raised nearly $9 million between 2008 and 2014 in two investment programs tied to single and multi-family real estate. The programs were falsely described as well-established, passive and/or guaranteed. However, the assets they purportedly possessed or were secured by were egregiously misrepresented - almost all were distressed - and investor funds were generally used to make Ponzi payments.

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