πŸ€‘ SEC Charges Fraudulent Sports Betting Schemer Promising 14% Return

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SEC Claims Sports-Betting Firm Exploited Nevada Bill
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Bettor Investments And Its Founder Are in Trouble With The SEC
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Bettor Investments, a now shuttered Nevada sports mutual fund, and its founder are facing federal securities fraud charges.


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Part 1: New Betting Ventures \u0026 Investments - Catching Up With Pro Sports Bettor Jonas Gjelstad

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Bettor Investments, a now shuttered Nevada sports mutual fund, and its founder are facing federal securities fraud charges.


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According to the complaint, beginning in March , Bettor Investments raised roughly $, from 70 investors in more than 20 states to wage on sports.


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At that time, the Defendants informed investors that their investments with Bettor could use their previous investments with Bettor to place.


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$10K TO $1,000,000. EPISODE 1 - Jonas Gjelstad - Professional Sports Bettor

Related News Articles. Bettor is not the first company in the field to run afoul of the SEC. The Securities Act of and the Securities Exchange Act of are the primary federal laws under which securities cases are prosecuted. New Jersey Sen. Most Commented. Name, email and comment will be stored in our database. News Crime Share this:. Stuart and his company are facing anti-fraud and violating registrations requirements claims from the SEC. No comments yet Write a comment Write a comment Cancel reply Your email address will not be published. Most Read. Nevada Gov.{/INSERTKEYS}{/PARAGRAPH} By doing that, Stuart and his Reno-based company did not inform investors about about vital facts pertaining to the health of the business, including sports betting losses that had already been realized, relevant risk profiles, how Stuart was to be paid and the exact uses of client capital. There are legitimate players in the field. Court documents indicate Stuart currently resides in Post Falls, Idaho and is a staffer at an identified casino in the area. {PARAGRAPH}{INSERTKEYS}Last updated on: July 30, , h. Most Popular. President Sweeney Calls on Gov. That legislation allowed for companies based in the Silver State to accumulate capital from investors anywhere in the world, deposit the funds in banks in the state, wager on sports and divvy the wins and losses up among the clients.