{"id":4773,"date":"2017-08-28T14:58:56","date_gmt":"2017-08-28T19:58:56","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4535"},"modified":"2022-03-11T13:40:10","modified_gmt":"2022-03-11T19:40:10","slug":"ex-financial-adviser-dawn-bennett-faces-sec-criminal-charges-alleged-20m-investor-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/ex-financial-adviser-dawn-bennett-faces-sec-criminal-charges-alleged-20m-investor-fraud\/","title":{"rendered":"Ex-Financial Adviser Dawn Bennett Faces SEC and Criminal Charges Over Alleged $20M Investor Fraud"},"content":{"rendered":"<p>\t\t\t\tThe US Securities and Exchange Commission has filed charges against ex-financial adviser Dawn Bennett accusing her of bilking investors, making Ponzi-like payments, and spending clients\u2019 funds on herself.  According to the regulator, Bennett and her DJB Holdings LLC raised over $200M through the sale of notes issued to at least 46 investors by the luxury sports apparel company.  Many of her victims were unsophisticated and older investors.<\/p>\n<p>During the sales, Bennett allegedly claimed that the notes were safer than they actually were, as well as that her firm could pay yearly returns of up to 15%. Investors were purportedly told that their money would go toward company use but instead she paid back earlier investors in a Ponzi-like manner and used some of the funds to pay for her expenses. Meantime, contends the SEC\u2019s complaint, Bennett hid the alleged fraud, lied to regulators, used sham promissory notes instead of actual convertible notes, and inflated her net worth. <\/p>\n<p>Now, the Commission has charged Bennett and her company with violations of the Securities Act of 1933, the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. The regulator wants disgorgement, interest, and penalties for the alleged senior financial fraud. <\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/ex-financial-adviser-dawn-bennett-faces-sec-criminal-charges-alleged-20m-investor-fraud\/#more-4773\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission has filed charges against ex-financial adviser Dawn Bennett accusing her of bilking investors, making Ponzi-like payments, and spending clients\u2019 funds on herself. According to the regulator, Bennett and her DJB Holdings LLC raised over $200M through the sale of notes issued to at least 46 investors by the luxury [&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":[3792,3760,3741,3803],"tags":[2781,2872,2873],"class_list":["post-4773","post","type-post","status-publish","format-standard","hentry","category-ponzi-scams","category-sec-enforcement","category-securities-fraud","category-senior-investors","tag-dawn-bennett","tag-ponzi-scam","tag-senior-financial-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ex-Financial Adviser Dawn Bennett Faces SEC and Criminal Charges Over Alleged $20M Investor Fraud &#8212; Investor Lawyers Blog &#8212; August 28, 2017<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission has filed charges against ex-financial adviser Dawn Bennett accusing her of bilking investors, making Ponzi-like &#8212; August 28, 2017\" \/>\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\/ex-financial-adviser-dawn-bennett-faces-sec-criminal-charges-alleged-20m-investor-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-Financial Adviser Dawn Bennett Faces SEC and Criminal Charges Over Alleged $20M Investor Fraud &#8212; Investor Lawyers Blog &#8212; August 28, 2017\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission has filed charges against ex-financial adviser Dawn Bennett accusing her of bilking investors, making Ponzi-like &#8212; August 28, 2017\" \/>\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=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Ex-Financial Adviser Dawn Bennett Faces SEC and Criminal Charges Over Alleged $20M Investor Fraud &#8212; 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