{"id":6406,"date":"2018-09-04T13:52:20","date_gmt":"2018-09-04T13:52:20","guid":{"rendered":"http:\/\/www.investorlawyers.com\/?p=6406"},"modified":"2021-04-21T07:52:47","modified_gmt":"2021-04-21T12:52:47","slug":"1-global-capital-accused-of-defrauding-retail-investors-in-alleged-287m-unregistered-securities-scam","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/1-global-capital-accused-of-defrauding-retail-investors-in-alleged-287m-unregistered-securities-scam\/","title":{"rendered":"1 Global Capital Accused of Defrauding Retail Investors in Alleged $287M Unregistered Securities Scam"},"content":{"rendered":"<p>The US Securities and Exchange Commission has filed fraud charges against 1 Global Capital LLC, a Florida-based cash advance company, and its ex-CEO Carl Ruderman. According to the regulator, they allegedly defrauded at least 3,400 investors and since 2014 have fraudulently raised over $287M through <a href=\"https:\/\/www.investorlawyers.com\/investor-claims\/investments\/\">unregistered securities sales<\/a>.<\/p>\n<p>According to the SEC\u2019s complaint, 1 Global worked with a network of both registered and unregistered investment advisors, brokers who were barred from the industry, and other sales agents. The company paid them millions of dollars in commissions for offering and selling the unregistered securities to investors in at least 25 US states.<\/p>\n<p>Investors were promised that they would make money from loans that 1 Global would issue to companies. The investments were touted as \u201chigh-return, low-risk\u201d and purportedly involved the issuing of short-term cash advances to businesses that didn\u2019t qualify for financing of the \u201cmore traditional\u201d varieties.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/1-global-capital-accused-of-defrauding-retail-investors-in-alleged-287m-unregistered-securities-scam\/\"  title=\"Continue Reading 1 Global Capital Accused of Defrauding Retail Investors in Alleged $287M Unregistered Securities Scam\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission has filed fraud charges against 1 Global Capital LLC, a Florida-based cash advance company, and its ex-CEO Carl Ruderman. According to the regulator, they allegedly defrauded at least 3,400 investors and since 2014 have fraudulently raised over $287M through unregistered securities sales. According to the SEC\u2019s complaint, 1 Global [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4111,3738,3745,3760],"tags":[3137],"class_list":["post-6406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1-global-capital","category-investor-fraud","category-retirement-funds","category-sec-enforcement","tag-1-global-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>1 Global Capital Accused of Defrauding Retail Investors | Investor Lawyers<\/title>\n<meta name=\"description\" content=\"1 Global allegedly worked with a network of both registered and unregistered brokers who were barred from the industry. Read more\" \/>\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\/1-global-capital-accused-of-defrauding-retail-investors-in-alleged-287m-unregistered-securities-scam\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"1 Global Capital Accused of Defrauding Retail Investors | Investor Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"1 Global allegedly worked with a network of both registered and unregistered brokers who were barred from the industry. 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