SEC v. Mantria Corporation, Troy B. Wragg, Amanda E. Knorr, Speed of Wealth, LLC, Wayde M. McKelvy, and Donna M. McKelvy, Case No. 09-cv-02676-CMA-MJW (D. Colo.). On September 18, 2012, the SEC announced it obtained final judgments against Troy B. Wragg, Amanda E. Knorr, Speed of Wealth, LLC, Wayde M. McKelvy, and Donna M. McKelvy ordering disgorgement, prejudgment interest, and civil penalties totaling more than $135 million. The case was originally filed in 2009. The case involved the defendants raising money for so-called “green” investments such as a “carbon negative” housing community and a charcoal substitute supposedly made from organic waste. The Defendants promised returns of 17 percent to “hundreds of percent” annually. The environmental initiatives, however, did not generate any significant cash, and the returns paid to investors were made using other investors’ funds. In addition, none of the relevant offerings were registered with the Commission, nor were any of the defendants registered as a broker-dealer or associated with a registered broker-dealer.
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