SEC v. Smart

In this civil enforcement action brought by the Securities and Exchange Commission (SEC) against Defendants-Appellants Brian Smart and Smart Assets, LLC, the district court entered a $4,715,580 judgment against Defendants for operating a Ponzi scheme, and it permanently enjoined them from further violations of federal securities laws. Defendant Smart appealed pro se. Upon review, the Tenth Circuit affirmed, concluding Defendant did not cite any evidence that would contradict declarations, bank records and other evidence submitted by the SEC. View "SEC v. Smart" on Justia Law