Financial Crime Weekly: SEC calculates 3 Texans with 91 million US dollars Ponzi Scheme & Raytheon, RTX agrees to pay 8.4 million US dollars for the settlement of allegations -RTX (NYSE: RTX)

SEC calculates 3 Texans with a Ponzi program of 91 million US dollars

The Securities and Exchange Commission charged the inhabitants of Texas on Tuesday Kenneth W. Alexander II.Present Robert D. Welsh And Caedrynn E. Conner With a Ponzi program that brought in at least 91 million US dollars of over 200 investors.

According to the SEC, Alexander and Welsh operated the system from May 2021 to February 2024 via the irrevovelable trust of the Vanguard Holdings Group, which they claimed to act a lucrative international bond trade.

Investors were promised 12 monthly payments from 3% to 6%, with their capital returned after 14 months. In reality, VHG had no meaningful income, and the returns paid to investors came from new investor funds, not from the trade.

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Through his own unit Benchmark Capital Holdings, Conner has initiated irrevocable trust in a similar program in VHG. The three also offered a supposed financial instrument for “salary order” to protect the investments, but the SEC claimed that this protection was fictional.

The complaint of the SEC also states that Alexander and Conner have misused millions for personal use, including Conner's purchase of a 5 million dollar house. The SEC requests permanent interim disposals, the repayment of bad past wins with interest and civil law punishment against all three defendants.

“As we claim, the accused carried out a large Ponzi program that caused different losses to investor victims, while Alexander and Conner abused millions of dollars from investor funds” Sam WaldonIntroducing director of the department for enforcement of the SEC. “We are still unshakable in our commitment to hold individuals accountable for the narcotics investors.”

Raytheon, RTX, agrees to pay 8.4 million US dollars for the settlement of allegations

Raytheon Co.his parent RTX Corp. RTX And Nightwing group agreed to pay 8.4 million US dollars to pay the allegations that Raytheon has violated the false damage by law by not fulfilling the requirements for cyber security in contracts and sub -orders with the Ministry of Defense.

Raytheon sold his business with cyber security, secret services and services to Nightwing in March 2024. The settlement deals with the alleged behavior from 2015 to 2021 before Nightwing took over the business.

The US Ministry of Justice claimed Raytheon and his former subsidiary, Raytheon Cyber ​​Solutions, Inc.The required cyber security controls are not implemented and does not develop or manage a system security plan for an internal development system that is used for 29 DOD contracts for non -classified work.

The measures allegedly violate the supplement to the acquisition of the defense and the rules for the federal employment regulation, according to which the contractor must protect federal contracts and cover information. The case was solved in accordance with the law on false claims, with part of the agreement being awarded to the whistleblower, which drew attention to the government.

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