Switch to ADA Accessible Theme
Miami Investment Fraud Attorney
2655 South Le Jeune Road
Suite 1108
Coral Gables, FL 33134

SEC Charges Businessman and his Company in Massive Ponzi Scheme Case—He Falsely Claimed to Have Offices in Florida

On January 14th, 2020, the Securities and Exchange Commission (SEC) announced that it obtained an emergency asset freeze in an alleged $75 million investment fraud case. The agency believes that an Illinois-based businessman named Kenneth D. Courtright, III operated a Ponzi scheme through his company, Todays Growth Consultant Inc. In total, more than 500 investors, including investors in South Florida, are believed to have been affected by the fraud.

SEC Complaint: Todays Growth Consultants (Alleged Ponzi Scheme) 

In a legal complaint filed in the United States District Court for the Northern District of Illinois, the SEC alleges that Kenneth D. Courtright, III operated a Ponzi-like scheme by soliciting investment funds in the company Todays Growth Consultant Inc. According to regulators, Mr. Courtright, III has falsely represented that his firm has offices in Naples, Florida. However, the SEC believes that these offices never existed.

Since 2017, Mr. Courtright, III has sold unregistered investment contracts directly to individuals in the United States and internationally. The agency argues that the contracts, which required investors to put in no actual effort beyond providing funds, are securities for the purposes of federal law.

False Promises of Guaranteed Returns 

Pursuant to the terms of the investment contracts (the securities), Todays Growth Consultants promised investors a guaranteed minimum return—with an opportunity to make far more than that. To demonstrate how the “contracts” worked, the SEC highlighted the case of an unnamed individual known only as “Investor 1.”

In the Summer of 2017, Investor 1 put $150,000 into Todays Growth Consultants through one of its investment contracts. In return, Mr. Courtright, III promised that investor a minimum return of $2,250 each month—or the equivalent of a guaranteed 18 percent return annually, well above the market rate. Notably, the more money investors put into the company, the higher their promised minimum rate of return.

A Classic Ponzi Scheme Structure—Investors Funds Were Transferred Around 

In reality, the agency believes that Mr. Courtright, III and Todays Growth Consultants failed to make legitimate investments. While the contracts stated that investor funds would be used exclusively for expenses related to building and operating an income-producing website for the customer, the SEC states that these funds were instead shuffled around to keep the scheme afloat. The funds of new investors were used to pay off the original investors.

To prevent more investors from being damaged, the SEC has taken emergency action to shut down the Ponzi scheme. The agency is seeking restitution for investors, return of any ill-gotten profits, and other civil penalties.

Call Our Miami, FL Ponzi Scheme Lawyers Today

At ​Carlson & Associates, P.A., our Miami Ponzi scheme lawyers represent victims of Ponzi schemes and broker fraud. If you suffered large financial losses in a Ponzi scheme, you need an experienced legal advocate on your side. Call us today for a fully private case evaluation. With an office in Miami, we represent investors throughout Florida.





  • Super Lawyers
  • AV Preeminent
  • Million Dollar Advocates Forum
  • Judicial Edition 2021
  • Curtis Carlson 25th Anniversary
  • Curtis Carlson Judicial Edition 2022
  • Curtis Carlson Judicial Edition 2023
  • 2023 Judicial Edition Curtis Carlson
  • 2023 Martindale Hubbell Award Curtis Carlson
  • 2023 Lawyers.com Curtis Carlson
  • 2024 Martindale Hubbell Award Curtis Carlson
  • 2024 Martindale Hubbell Award Curtis Carlson
  • 2024 Martindale Hubbell Award Curtis Carlson


2655 South Le Jeune Road
Suite 1108

Coral Gables, Florida 33134

Telephone: 305-372-9700
Fax: 305-372-8265

With Us

  • Facebook
  • Twitter
  • LinkedIn

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

No content on this site may be reused in any fashion without written permission from www.Carlson-Law.net

MileMark Media - Practice Growth Solutions

© 2015 - 2024 Carlson & Associates, P.A. All rights reserved. This law firm website is managed by MileMark Media.