The criticism names as aid defendants, and seeks disgorgement with prejudgment curiosity from, Seaman’s spouse, Jana Seaman, and two affiliated entities, Valo Holdings Group, LLC, and Surge Capital Ventures, LLC, which allegedly collectively obtained hundreds of thousands in investor proceeds.
‘False Claims of Success’
“As alleged in our criticism, Seaman focused church members with false claims of success,” stated Eric Bustillo, director of the SEC’s Miami Regional Workplace, in an announcement. “This motion displays a deep dedication to pursue those that prey on weak traders.”
The SEC’s criticism, filed in U.S. District Courtroom for the Southern District of Florida, fees Seaman, Accanito Holdings, LLC, Accanito Fairness, LLC, Accanito Fairness II, LLC, Accanito Fairness III, LLC, and Accanito Fairness IV, LLC with violating the registration provisions of Part 5 of the Securities Act of 1933.
The criticism additionally fees Seaman, the Accanito LLCs, and two associated entities, Accanito Capital Group and Surge LLC, with violating the antifraud provisions of the Securities Trade Act of 1934.
Aid defendant Jana Seaman has agreed to pay $757,154 in disgorgement and curiosity, the SEC stated.
Aid defendant Valo Holdings Group has agreed to pay $668,240 in disgorgement and curiosity, based on the order.
“All fraud defendants have consented to a bifurcated settlement, with out admitting or denying the Fee’s allegations and topic to courtroom approval, below which they are going to be enjoined from violating the charged provisions of the federal securities legal guidelines and Seaman will probably be barred from serving as an officer or director of any SEC-reporting firm,” the SEC stated.
The defendants agree that the courtroom will decide whether or not it’s acceptable to get them organized to pay disgorgement with prejudgment curiosity and a civil penalty, defined the SEC.
