‘Nutrient-Infused’ Water Company Defrauded Investors, SEC Says

A “nutrient-infused” water company and its founder defrauded investors through an offering scheme that raised $10.3 million over five years, the SEC said.

Todd O’Gara and his company Wanu Water Inc. raised the money from more than 50 investors through fraudulent sales of Wanu securities from January 2019 to August 2024, the Securities and Exchange Commission alleged in a complaint Monday in the US District Court for the District of New Jersey.

The defendants made material misrepresentations about Wanu’s business with a prominent retailer, falsely claimed negotiations with private equity firms for investments, misrepresented O’Gara’s wealth and credentials, and misstated ...