SEC charges former Georgia regent Dean Alford with defrauding investors

The Securities and Exchange Commission has charged former Georgia state legislator and former member of the Georgia Board of Regents Dean Alford with defrauding at least 100 investors in his now-bankrupt energy development company, Allied Energy Services LLC. According to the SEC’s complaint, filed July 30 in federal court in Atlanta (read it here), from 2017 to 2019 Alford fraudulently raised at least $23 million by selling promissory notes to investors – primarily Indian-American professionals…

The Securities and Exchange Commission has charged former Georgia state legislator and former member of the Georgia Board of Regents Dean Alford with defrauding at least 100 investors in his now-bankrupt energy development company, Allied Energy Services LLC. According to the SEC’s complaint, filed July 30 in federal court in Atlanta (read it here), from 2017 to 2019 Alford fraudulently raised at least $23 million by selling promissory notes to investors – primarily Indian-American professionals…

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