SEC obtains judgment against $4 million Ponzi schemer

SEC obtains judgment against $4 million Ponzi schemer
Former adviser James Booth also pleads guilty in criminal case.
FEB 22, 2021

A Connecticut federal court has entered a final judgment against former investment adviser James T. Booth, who was alleged in an SEC complaint to have operated a multimillion-dollar Ponzi scheme that bilked more than three dozen retail investors of $4 million.

In a parallel action by the U.S. Attorney's Office for the Southern District of New York, Booth pleaded guilty to one count of securities fraud.

On Nov. 18, Booth was sentenced to 42 months in prison followed by three years of supervised probation, and was ordered to pay $4,969,689 in forfeiture.

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