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The SEC recently filed charges in a fraud case against real-estate developer Robert C. Morgan. The SEC...

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Finance

The SEC recently filed charges in a fraud case againstreal-estate developer Robert C. Morgan.

  1. The SEC alleges that Morgan operated a Ponzi Scheme. Describethe scheme alleged by the SEC and how it is like a PonziScheme.
  2. What other allegations are leveled against Mr. Morgan?
  3. What are Fannie Mae and Freddie Mac? What is the meaning of theterm securitization?

Answer & Explanation Solved by verified expert
3.9 Ratings (387 Votes)
The scheme that was offered by Robert C Morgan a new york residential as well as commercial state developer has misused the investor funds The complaint of SEC alleges morgan financed his development projects in different kinds of ways in by selling securities to more that 200 retail investors and these    See Answer
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The SEC recently filed charges in a fraud case againstreal-estate developer Robert C. Morgan.The SEC alleges that Morgan operated a Ponzi Scheme. Describethe scheme alleged by the SEC and how it is like a PonziScheme.What other allegations are leveled against Mr. Morgan?What are Fannie Mae and Freddie Mac? What is the meaning of theterm securitization?

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