Tanner S. Adam, Jonathan L. Adam, Triten Financial Group, LLC and GCZ Global LLC

The SEC has charged Jonathan and Tanner Adam, along with their entities GCZ Global LLC and Triten Financial Group LLC, with operating a $60 million Ponzi scheme affecting over 80 investors. The SEC obtained an emergency asset freeze to halt the scheme, which falsely promised up to 13.5% monthly returns by using a non-existent crypto trading “bot” and lending pool. Instead, the Adams allegedly misappropriated funds to finance their lavish lifestyles, including a $30 million Miami condo and luxury vehicles. The SEC’s complaint, filed in the U.S. District Court for the Northern District of Georgia, accuses the defendants of multiple securities law violations, and seeks permanent injunctions, disgorgement, and civil penalties. The investigation will continue.