SEC Files Complaint Naming James Risher and Daniel J Sebastian in Connection with Jade Asset Scheme Law Office of Dickenson, Murphy, Rex & Sloan Attorneys Boca Raton Florida

SEC Files Complaint Naming James Risher and Daniel J Sebastian in Connection with Jade Asset Scheme

Posted by: Robert Rex
September 02, 2011
Topic: James Risher

The Securities and Exchange Commission has filed a complaint naming James Risher and Daniel "DJ" Sebastian in connection with the Jade Asset Ponzi scheme. This follows Risher's guilty plea entered last week to the charges filed against him by the Department of Justice. Sebastian was not implicated in that investigation.

The SEC's complaint presents a detailed outline of the rise and fall of Risher and Sebastian's ponzi scheme. The details revealed within it are consistent with those uncovered during our investigation carried out on behalf of the over 130 victims of this scheme represented by our office. The commission seeks the filing of a permanent injunction against Risher and Sebastian and an order compelling them to repay their victims with prejudgement interest included.

A copy of the complaint is attached below.

Attachments:
SECComplaintRisherDJSebastian8302011.pdf