Denver Man Who Defrauded Pro-Athlete Investors Ordered to Repay

A Colorado man who allegedly defrauded unidentified professional athletes and other investors out of more than $1 million with false promises about his day-trading potential will pay nearly half that sum in disgorgement and interest after the SEC obtained a consent judgment against him.

Ian G. Bell’s payment in a parallel criminal fraud and money laundering case will be sufficient to satisfy his obligation in the Securities and Exchange Commission’s case, which alleged that he lied about the performance of investments and his ability to repay them, losing all the investor money he traded.

Judge Regina M. Rodriguez on Monday ...