A Milwaukee man who claimed to make millions from buying and flipping property defrauded investors, including many members of the Nigerian American community, through unregistered securities offerings, the SEC said.
The defendants—Joseph J. Nantomah, Investors Capital LLC, Global Investors Capital LLC, and High Income Performance Partners LLC—raised at least $1.9 million from at least 30 investors from May 2020 through January 2024 by falsely promising lucrative returns from purchasing, renovating, and reselling real estate properties, according to the SEC’s complaint filed Aug. 1 in the US District Court for the Eastern District of Wisconsin.
In reality, the defendants misused at ...