A California woman defrauded more than 130 investors, largely from the Filipino American community, in a Ponzi scheme that raised $7 million on the promise of returns from purported personal injury litigation funding, the SEC alleges.
Maria Dulce Pino Dickerson promised 10% to 17.5% monthly returns on investments in her business, Creative Legal Fundings in CA, the Securities and Exchange Commission says. The commission filed its complaint Tuesday in the US District Court for the Eastern District of California.
“In reality, Creative Legal Fundings did not lend funds to personal injury lawyers or make any other investments, and it did ...
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