{"id":3994,"date":"2016-11-30T20:26:58","date_gmt":"2016-12-01T02:26:58","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/?p=3994"},"modified":"2022-03-28T11:09:02","modified_gmt":"2022-03-28T16:09:02","slug":"sec-charges-onix-capital-owner-5-7m-promissory-note-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-onix-capital-owner-5-7m-promissory-note-fraud\/","title":{"rendered":"SEC Charges Onix Capital and Its Owner With $5.7M Promissory Note Fraud"},"content":{"rendered":"<p>The U.S. Securities and Exchange Commission has filed <a href=\"https:\/\/www.stockbroker-fraud.com\">promissory note fraud <\/a>charges against Onix Capital and it owner Albert Chang-Rajii. \u00a0The Miami-based asset management company and Chang are accused of bilking investors who put their money into promissory notes and start-ups, as well as of falsely portraying the Chilean national as an award-winning multi-millionaire \u201cangel\u201d investor who had graduated from Stanford University&#8217;a business school.<\/p>\n<p>According to the regulator\u2019s complaint, Chang and Onix Capital sold over $5.7M in promissory notes that they falsely claimed he had guaranteed and told investors that the notes themselves \u00a0\u201cguaranteed\u201d yearly returns of 12-19%. They also raised over $1.7M that Chang was supposed to invest in companies like Square, Snapchat and Uber.<\/p>\n<p>The SEC said that, in truth, Onix Capital\u2019s investment revenue was \u201cnon-existent\u201d and Chang did not have the professional or educational background that he touted.\u00a0 The Commission alleges that rather than use the funds as promised, the money went to Chang and to pay other investors.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-charges-onix-capital-owner-5-7m-promissory-note-fraud\/#more-3994\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission has filed promissory note fraud charges against Onix Capital and it owner Albert Chang-Rajii. \u00a0The Miami-based asset management company and Chang are accused of bilking investors who put their money into promissory notes and start-ups, as well as of falsely portraying the Chilean national as an award-winning multi-millionaire \u201cangel\u201d [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3986,3801,3760,3741,1],"tags":[2642],"class_list":["post-3994","post","type-post","status-publish","format-standard","hentry","category-promissory-notes","category-sec","category-sec-enforcement","category-securities-fraud","category-uncategorized","tag-onix-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Charges Onix Capital and Its Owner With $5.7M Promissory Note Fraud &#8212; Investor Lawyers Blog &#8212; November 30, 2016<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission has filed promissory note fraud charges against Onix Capital and it owner Albert Chang-Rajii. \u00a0The Miami-based &#8212; November 30, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-charges-onix-capital-owner-5-7m-promissory-note-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Charges Onix Capital and Its Owner With $5.7M Promissory Note Fraud &#8212; Investor Lawyers Blog &#8212; November 30, 2016\" \/>\n<meta name=\"twitter:description\" content=\"The U.S. Securities and Exchange Commission has filed promissory note fraud charges against Onix Capital and it owner Albert Chang-Rajii. \u00a0The Miami-based &#8212; November 30, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC Charges Onix Capital and Its Owner With $5.7M Promissory Note Fraud &#8212; Investor Lawyers Blog &#8212; November 30, 2016","description":"The U.S. Securities and Exchange Commission has filed promissory note fraud charges against Onix Capital and it owner Albert Chang-Rajii. \u00a0The Miami-based &#8212; November 30, 2016","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/sec-charges-onix-capital-owner-5-7m-promissory-note-fraud\/","twitter_card":"summary_large_image","twitter_title":"SEC Charges Onix Capital and Its Owner With $5.7M Promissory Note Fraud &#8212; Investor Lawyers Blog &#8212; November 30, 2016","twitter_description":"The U.S. Securities and Exchange Commission has filed promissory note fraud charges against Onix Capital and it owner Albert Chang-Rajii. \u00a0The Miami-based &#8212; 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