SEC Charges Florida Men in Alleged Mass Tort Litigation Financing Fraud

The U.S. Securities and Exchange Commission has accused two Florida men of orchestrating a fraudulent litigation funding scheme. The SEC alleges that the two men enticed investors by promising returns from financing mass tort litigation, which they were purportedly not actually funding. This case underscores the increasing scrutiny of mass tort litigation financing and its potential pitfalls. For more details, read the report from Law360.