Barry Rybicki News Today

The SEC charged a California unregistered broker with raising nearly $8 million from investors by selling unregistered securities from EquiAlt.

Florida Ponzi schemers $2.4M 2018 Pagani Huayra supercar, $10M jewelry and 300 properties are auctioned off after $170million real estate scam is revealed EquiALT CEO Brian Davison and managing director Barry Rybicki were accused of defrauding about 1,100 investors - many of whom are retirees - out of their life savings as part of their $170million Ponzi scheme Theyre auctioning off their assets to pay the money back, including a 2018 Pagani Huayra supercar thats expected to sell for up to $2.4...

Ponzi scheme allegedly raised more than $170 million from approximately 1,100 investors. The US Securities and Exchange Commission (SEC) has charged a Florida business owner for unlawfully selling securities of real estate firm EquiAlt LLC to retail investors, many of whom were elderly people who invested through their individual retirement accounts (IRAs).   DeAndre Sears, who resided in Las Vegas, and his company MASears LLC, which does business as Picasso Group, were charged with registrati...