![]() ![]() ![]() These and other financial discrepancies were initially discovered by Tran and Seijas late last year, according to an unsealed affidavit filed by Homeland Security Investigations’ special agent John Rodriguez. Moreover, Ackerman allegedly falsified account information to show 15% returns. This resulted in another $4 million in payments, but the SEC says he failed to notify their limited partners of these payments. The SEC further stated that the company-which at the time, was operating under the name Q3 Holdings LLC-had charged its customers licensing fees to give them access to Ackerman’s trading algorithm. He also allegedly spent funds on new cars and jewelry. Instead, Ackerman allegedly purchased five properties between 20 with investors’ money, including a 150+ acre plot in Montana and a $3 million beach house in Florida. Ackerman was the alleged developer of an investment algorithm that lured investors to the group he claimed to have used it in the past to trade stocks, but that it was just as successful when used for trading crypto.Īccording to a Securities and Exchange Commission (SEC) complaint from February, however, “Ackerman invested no more than $10 million of the $33 milion raised from investors in cryptocurrencies and the profits generated by the Algorithm were minimal, at best. ![]() Q3 allegedly lured investors into the scam with the promise of a high-returns trading algorithm via Facebook groups such as the Physician Dads’ Group. ![]()
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