Two brothers accused by the U.S. Securities and Exchange Commission (SEC) of operating a $61 million Ponzi scheme have reached an agreement with the agency and will repay more than 80 investors they defrauded in the United States.
The SEC filed a complaint in the District Court for the Northern District of Georgia, Atlanta on Aug. 26 charging Jonathan Adam, of Angleton, Texas, and his brother, Tanner Adam, of Miami, Florida, along with their respective companies, GCZ Global LLC and Triten Financial Group LLC, with violating the antifraud provisions of federal securities laws.
