Robert Tye Cournoyer


May 16, 2024

Type of alert:

Securities Fraud  

In a recent development, the Securities and Exchange Commission (SEC) has taken legal action against Robert Tye Cournoyer and his affiliated entities, Green Equity Group, LLC, and RS Group Holdings, LLC. The SEC’s complaint, filed in federal district court in Colorado, accuses Cournoyer and his companies of engaging in fraudulent securities offerings. Between January 2019 and February 2022, Cournoyer allegedly raised around $1.27 million from investors, purportedly for CBD-related business ventures. However, investigations revealed that a significant portion of these funds—approximately $755,000—was misappropriated for personal expenses, including gambling and luxury purchases. Furthermore, false and misleading statements were allegedly made to investors regarding Green Equity’s business activities and Cournoyer’s credentials. Notably, Cournoyer has a history of securities law violations and was previously enjoined from such activities. The SEC seeks injunctions, disgorgement, civil penalties, and other measures against all defendants. Dive deeper into the intricacies of this case below.

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