Two owners of a Las Vegas real estate investment company will pay about $3 million to resolve SEC claims they illegally raised money for a drug rehabilitation facility and other projects through debt investments, the agency said.
Stephen Byrne and Gregory Herlean, who are partial owners of CapSource Inc., sold investors more than $151 million in securities from 2015 to 2019 as part of the alleged fraud, the Securities and Exchange Commission said in a complaint filed in the U.S. District Court for the District of Nevada Monday.
Byrne and Herlean never registered as brokers with the SEC, nor did ...
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