{"id":6909,"date":"2019-04-04T10:57:47","date_gmt":"2019-04-04T15:57:47","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6909"},"modified":"2019-04-04T10:57:47","modified_gmt":"2019-04-04T15:57:47","slug":"sweetwater-investments-investor-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/","title":{"rendered":"Sweetwater Investments Plead Guilty To $3M Investor Fraud"},"content":{"rendered":"<p>\t\t\t\tDennis Gibb, an <a href=\"https:\/\/www.investorlawyers.com\/?s=investment+adviser+fraud\">investment adviser<\/a> and the owner\/president of Sweetwater Investments Inc., has pleaded guilty to falsification of records and wire fraud. Gibb has also settled parallel civil charges brought by the <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2019-45\">US Securities and Exchange Commission (SEC)<\/a> in which part of that deal involves the liquidation of his Sweetwater Income Flood LP Fund.<\/p>\n<p>Gibb set up the private fund in 2008. The year before, he started to solicit prospective investors who were looking for consistent retirement money. The SEC said that between those two years, at least 15 investors put approximately $7.3M in the Sweetwater Income Flood fund.<\/p>\n<p>According to the <a href=\"https:\/\/www.justice.gov\/usao-wdwa\/pr\/long-time-redmond-washington-investment-advisor-pleads-guilty-defrauding-investors-more\">US Attorney\u2019s Office for the Western District of Washington<\/a>, Gibb defrauded about 15 investors of over $3M. He touted a sophisticated investment approach that in part involved investing in government bonds with the intent to generate \u201cstable returns.\u201d Meantime, even as Gibb stole investors\u2019 money for his own use, he was telling them that the private fund had $7.8M when, in actuality, it was holding less than $2M.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/\"  title=\"Continue Reading Sweetwater Investments Plead Guilty To $3M Investor Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dennis Gibb, an investment adviser and the owner\/president of Sweetwater Investments Inc., has pleaded guilty to falsification of records and wire fraud. Gibb has also settled parallel civil charges brought by the US Securities and Exchange Commission (SEC) in which part of that deal involves the liquidation of his Sweetwater Income Flood LP Fund. Gibb [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6584,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3738,3760,3795,3761],"tags":[3356,3357],"class_list":["post-6909","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-advisers","category-investor-fraud","category-sec-enforcement","category-sec-settlements","category-securities-and-exchange-commis","tag-dennis-gibb","tag-sweetwater-investments-inc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sweetwater Investments Plead Guilty To $3M Investor Fraud &#8212; Investor Lawyers Blog &#8212; April 4, 2019<\/title>\n<meta name=\"description\" content=\"Sweetwater Investments owner, Dennis Gibb, has pleaded guilty to $3 million investor fraud. Read more about the case here.\" \/>\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\/sweetwater-investments-investor-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Sweetwater Investments Plead Guilty To $3M Investor Fraud &#8212; Investor Lawyers Blog &#8212; April 4, 2019\" \/>\n<meta name=\"twitter:description\" content=\"Sweetwater Investments owner, Dennis Gibb, has pleaded guilty to $3 million investor fraud. 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Read more about the case here.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.25.18.jpeg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Sweetwater Investments Plead Guilty To $3M Investor Fraud","datePublished":"2019-04-04T15:57:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/"},"wordCount":394,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.25.18.jpeg","keywords":["Dennis Gibb","Sweetwater Investments Inc"],"articleSection":["Investment Advisers","Investor Fraud","SEC Enforcement","SEC Settlements","Securities and Exchange Commission"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/","name":"Sweetwater Investments Plead Guilty To $3M Investor Fraud &#8212; Investor Lawyers Blog &#8212; April 4, 2019","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/sweetwater-investments-investor-fraud\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/09\/9.25.18.jpeg","datePublished":"2019-04-04T15:57:47+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Sweetwater Investments owner, Dennis Gibb, has pleaded guilty to $3 million investor fraud. 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