A Utah man accused of taking $2.44 million from investors in a Ponzi scheme to fund trips to visit his kids in Hawaii settled with the SEC in a federal district court in that state.
Landon M. Smith agreed to pay the Securities and Exchange Commission more than $1.1 million in disgorgement and interest, according to a consent document filed in the U.S. District Court for the District of Utah Jan. 8. Smith pleaded guilty in a parallel criminal case in the same court in August.
A judge in November sentenced Smith to 33 months in prison and three years ...
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