SEC Charges South Carolina Resident with Operating $20 Million Ponzi Scheme

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Litigation Release No. 25688 / April 4, 2023

Securities and Exchange Commission v. Michael J. French, et al., No. 1:23-cv-01443-JPB (N.D. Ga. filed April 3, 2023)

The Securities and Exchange Commission today announced charges against Michael J. French, of Pendleton, South Carolina, and two companies controlled by him, MJF Holdings, LLC (“MJF Holdings”) and MJF Capital, LLC (“MJF Capital”), for defrauding investors and misappropriating millions in investor funds.