The Securities and Exchange Commission (SEC) on September 19, 2025, charges 31 -year -old Aaron O’Brian Freeman of North Carolina’s Waccamaw Lake, with a fraudulent “free” fraudulent, in which he bought about $ 900,000 worth paying for them.
The complaint of the Securities and Exchange Commission claims that, between at least January 2024 and February 2024, Freeman submitted checks in brokers’ accounts from other accounts that knew that he was closed or had no sufficient funds and then attempted to trade or withdraw from their accounts false.
Specifically, the complaint states that Freeman started nearly $ 3.5 million in non-funded checks, carried out mobile securities totaling $ 889,087.04 using the immediate credit extended by intermediaries and spent about $ 4,000 in debt.
Each mediator eventually discovered the plan, froze Freeman’s access to the accounts, overturned deposits and cleared the positions.
Nevertheless, brokers have suffered a total net loss of at least $ 5,463.26. According to the complaint, Freeman’s program included not only the brokerage bills in his name, but also the accounts he opened in the names of two relatives, including a disabled aunt.
The complaint of the Securities and Exchange Commission, filed with the United States District Court for the Eastern District of North Carolina, accuses Freeman in breach of Article 10 (b) of the 1934 Mobile Exchange Act and Article 10b-5. The Securities and Exchange Commission seeks permanent suspension of relief, behaviors based on behaviors, heinous profits, bias rate and political money.