SEC accused Touzi Capital and its leader of deceiving 1,200+ investors, raising $100M, and providing false data about investment profitability ⚖️

The Securities and Exchange Commission (SEC) has accused Touzi Capital and its manager Eng Tain of defrauding more than 1,200 investors, raising over $100 million in unregistered securities. Funds were commingled between various businesses, some were misappropriated personally, and investors were misled about the profitability and stability of their investments. The SEC seeks penalties, restitution, and a ban on executive positions.