SEC charges former Morgan Stanley rep with running a Ponzi scheme

Good raised at least $4.8 million in this scheme, including through at least 30 fraudulent investments since 2017. Good did not however use the clients’ funds as promised to invest but to put $13,000 toward his Tesla Model 3; $23,000 towards his Alfa Romeo Stelvio; $800,000 towards credit card bills with memo lines such as ‘because youre sexy’ (sic); ‘tattoo’; ‘Hotel for Destiny’ and ‘shopping.’

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