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Advisers in Georgia man’s $110M Ponzi scheme must pay SEC

Fraud,SEC,Business,Politics

From the Left

“I’m selling roofs,” Mooney told The Atlanta Journal-Constitution on Thursday. “I’m a disabled vet from the Marine Corps.” Mooney said the majority of his clients who invested in Woods’ private equity fund, Horizon Private Equity III, got their money back. He said his clients included friends and fellow veterans. Grimberg said Mooney expressed remorse to his former clients and explained his diminished finances during a February court hearing in Atlanta. Wright and Flippen were ordered Tuesday to pay civil penalties of $84,000 and $36,000, respectively, representing their annual salary from...

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