Creative Capital Consortium, LLC, et al.

On December 29, 2008, the SEC obtained temporary restraining orders and asset freezes against Creative Capital Consortium, LLC and A Creative Capital Concept$, LLC, and its principal, George L. Theodule, in connection with an alleged Ponzi scheme and affinity fraud. According to the complaint, the defendants fraudulently raised at least $23.4 million from thousands of investors in the Haitian-American community nationwide through a network of purported investment clubs. The SEC alleged that Theodule commingled investor funds with his personal funds and misappropriated at least $3.8 million for himself and his family. For more information about the SEC’s action, you can read Litigation Release No. 20840 (Dec. 30, 2008).

The Court also appointed Jonathan Perlman, Esq. as Receiver over both entities to safeguard assets. For information about the Receivership, you can visit the Receiver’s website. The Receiver also has set up an information hotline at 1-888-405-5254.

http://www.sec.gov/divisions/enforce/claims/creativecapital.htm