SEC shuts down Equitybuild, claims company is $135 million real estate Ponzi scheme

SEC shuts down Equitybuild, claims company is 5 million real estate Ponzi scheme
Equitybuild, a real estate investment company that promised returns of 15% to 20% on Chicago real estate, was actually a $135 million Ponzi scheme where early investors were getting paid back with new investors’ money, according to the Securities and Exchange Commission.
Source: https://www.housingwire.com/rss