SEC Charges Florida Payday Lender and CEO with Affinity Fraud Targeting the Venezuelan-American Community

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SEC Charges Florida Payday Lender and CEO with Affinity Fraud Targeting the Venezuelan-American Community

The Securities and Exchange Commission today announced charges against Sky Group USA LLC, a payday loan company based in Miami, and its CEO, Efrain Betancourt, Jr., for fraudulently raising at least $66 million through the sale of promissory notes to more than 500 retail investors, including members of the South Florida Venezuelan-American community.read more…
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