{"id":4855,"date":"2018-02-14T18:47:02","date_gmt":"2018-02-15T00:47:02","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4855"},"modified":"2022-03-22T15:08:02","modified_gmt":"2022-03-22T20:08:02","slug":"sec-cases-atlanta-fund-manager-accused-misusing-investors-funds-final-judgments-reached-portfolio-manager-1-95m-matched-trades-scam-reit-fraud-case-e","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-cases-atlanta-fund-manager-accused-misusing-investors-funds-final-judgments-reached-portfolio-manager-1-95m-matched-trades-scam-reit-fraud-case-e\/","title":{"rendered":"SEC Cases: Atlanta Fund Manager is Accused of Misusing Investors\u2019 Funds and Final Judgments are Reached in $1.95M Matched Trades Scam and in REIT Fraud Case Against Ex-ARCP CFO Brian Block"},"content":{"rendered":"<br \/>\n<h2><strong>SEC Accuses Atlanta Man of Misusing Over $1.2M in Investor Funds<\/strong><\/h2>\n<p>In an enforcement action, the US Securities and Exchange Commission is accusing Timothy S. Batchelor of misusing over $1.2M in <a href=\"https:\/\/www.stockbroker-fraud.com\" target=\"_blank\" rel=\"noopener noreferrer\">investor monies<\/a>. The funds were supposed to go toward the development of a submarine vessel and to businesses involved in national security.<\/p>\n<p>According to the regulator\u2019s complaint, of the $2.4M that Batchelor raised from investors through the Specter Ventures Fund II, he improperly spent half of the money, including almost $250K to buy new cars and about $225K to cover student loans. He allegedly moved thousands of dollars in investor monies to his own relatives. Batchelor also is accused of trying to conceal his actions by faking a document that misrepresented unauthorized expenditures as a loan.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-cases-atlanta-fund-manager-accused-misusing-investors-funds-final-judgments-reached-portfolio-manager-1-95m-matched-trades-scam-reit-fraud-case-e\/\"  title=\"Continue Reading SEC Cases: Atlanta Fund Manager is Accused of Misusing Investors\u2019 Funds and Final Judgments are Reached in $1.95M Matched Trades Scam and in REIT Fraud Case Against Ex-ARCP CFO Brian Block\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SEC Accuses Atlanta Man of Misusing Over $1.2M in Investor Funds In an enforcement action, the US Securities and Exchange Commission is accusing Timothy S. Batchelor of misusing over $1.2M in investor monies. The funds were supposed to go toward the development of a submarine vessel and to businesses involved in national security. According to [&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":[3738,3759,3801,3760,3741],"tags":[2956,2965,2966,2967],"class_list":["post-4855","post","type-post","status-publish","format-standard","hentry","category-investor-fraud","category-reits","category-sec","category-sec-enforcement","category-securities-fraud","tag-fraud","tag-investor-funds","tag-matched-trade-scams","tag-sec-cases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Cases: Atlanta Fund Manager is Accused of Misusing Investors\u2019 Funds and Final Judgments are Reached in $1.95M Matched Trades Scam and in REIT Fraud Case Against Ex-ARCP CFO Brian Block | SSEK Law Firm Blog<\/title>\n<meta name=\"description\" content=\"Review These SEC Cases: Atlanta Fund Manager is Accused of Misusing Investors\u2019 Funds and Final Judgments are Reached in $1.95M Matched Trades Scam and in REIT Fraud Case Against Ex-ARCP CFO Brian Block\" \/>\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-cases-atlanta-fund-manager-accused-misusing-investors-funds-final-judgments-reached-portfolio-manager-1-95m-matched-trades-scam-reit-fraud-case-e\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Cases: Atlanta Fund Manager is Accused of Misusing Investors\u2019 Funds and Final Judgments are Reached in $1.95M Matched Trades Scam and in REIT Fraud Case Against Ex-ARCP CFO Brian Block | SSEK Law Firm Blog\" \/>\n<meta name=\"twitter:description\" content=\"Review These SEC Cases: Atlanta Fund Manager is Accused of Misusing Investors\u2019 Funds and Final Judgments are Reached in $1.95M Matched Trades Scam and in REIT Fraud Case Against Ex-ARCP CFO Brian Block\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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