Two Businessmen Accused of $1.4 Million Ponzi Scheme by SEC

Two men were accused by the Securities and Exchange Commission of running a $1.4 million Ponzi scheme, in which they allegedly sold unregistered securities and used some of the money for their own personal expenses.

Pennsylvania estate lawyer Todd Lahr, who served as president of THL Holdings LLC and Ferran Global Holdings Inc., was named in the SEC complaint alongside Thomas Megas, a British national who co-founded Ferran with Lahr and served as its CEO. They allegedly orchestrated an offering fraud and Ponzi scheme in which they sold unregistered promissory notes for THL and common stock and warrants in Ferran. ...