Name and Shame
Name and Shame



This complaint was posted on NAS on 6th Jan, 2021 and is a permanent record located here: .

NameandShame Author
The Smart Investor Feed
6th Jan, 2021

Affinity Frauds Targeting Haitian-Americans

Today, The Smart Investor Feed brings you another morally reprehensible fraud.

Brothers Investment Group International has been seized/arrested by the U.S. Securities And Exchange Commission (SEC). Shocking right?

We weren’t expecting this as well, but these scammers are getting smarter by the minute, making it harder for us to identify.

Such swindlers seem to be booming in numbers lately. This case is kind of interesting, why don’t I show you why:

Full Report On Brothers Investment Group International

On November 24, 2020, the Securities and Exchange Commission charged Brothers Investment Group International, Inc. and its chief executive officer and president, Anson Jean-Pierre, for defrauding investors through an offering of securities targeting Haitian-American investors in the Miami, Florida area.

The SEC's complaint, filed in federal district court in Miami, Florida, alleges that, between August 2017 and November 2018, the defendants raised approximately $794,000 from over 200 mainly Haitian-American investors through sales of securities in the form of "membership interests." According to the SEC's complaint, the defendants misrepresented to investors that their money would be used to fund the development of various agricultural, real estate, energy, and banking projects, primarily in Haiti. As alleged in the complaint, however, that defendants only invested a portion of the investor funds in the projects while Jean-Pierre misappropriated about $284,000, or roughly 37%, of the investment proceeds and used the funds for an elaborate gala event, retail purchases, restaurants, travel and hotel charges, cash withdrawals, and payments to himself.

The SEC's complaint alleges that the defendants violated the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. The SEC seeks a permanent injunction, disgorgement and prejudgment interest, and civil penalties against the defendants.

Conclusion: Brothers Investment Group International Is A Fraud

The report on SEC clearly suggests that Brothers Investment Group International never had any intentions to do honest business or provide helpful services. Main intention behind all their actions was to take advantage of the honesty & gullibility of people and scam them. It would be an understatement to call this a mere fraud, this one is a scandal.

If you feel like you are a victim of this scam, then I recommend contacting a law firm and consulting with them about a lawsuit. Companies & firms pay huge reprimands to settle serious lawsuits.

Help Us Fight These Criminals

Do you have evidence against Brothers Investment Group International or one of their associates, then please post it here. These criminals rely on their witnesses’ & victims’ silence, if you speak up, then they get exposed and punished for their horrific acts. I started The Smart Investor Feed on this site with only one purpose; to become a nightmare for the financial frauds in the country. I try to post often, so you can bookmark my profile for regular updates on frauds & con-artists.

Full Disclosure: We sourced this piece of information from the SEC database

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