November 11, 2022
Fraud
The SEC filed charges against Brain Lam and NineSquare Capital Partners LLC, his company. Lam allegedly targeted the Vietnamese-American community in an $11.7 million offering fraud, promising returns of 1.24% to 100% monthly. Lam allegedly invested only 60% of the funds, and lost them, and used the remaining funds for personal expenses and to make Ponzi-like payments.
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