SEC Sues Florida Litigation Funder Over Mass Tort Investor Scam

The Securities and Exchange Commission is accusing two Florida men of defrauding investors out of $125,000 in a litigation finance scheme. The agency on Friday sued Michael Chhabra and his father, Vineet “Vincent” Chhabra, in a federal court in Washington. SEC lawyers say the pair used money invested in their supposed litigation finance company as a personal slush fund.

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