SEC Charges CMI Capital and Founder Michael D. Williams Over Alleged $860,000 Investment Scheme

The US Securities and Exchange Commission has filed charges against CMI Capital LLC and its founder, Michael D. Williams, for an alleged fraudulent investment scheme targeting law enforcement personnel.

The U.S. Securities and Exchange Commission (SEC) has initiated enforcement action against South Florida-based CMI Capital LLC and its founder and manager, Michael D. Williams, alleging a fraudulent investment scheme. According to the regulatory announcement, Williams and CMI Capital raised approximately $860,000 from at least 18 investors. A significant portion of the victims targeted in the alleged scheme were current or former law enforcement personnel. The SEC's action forms part of its continued scrutiny and enforcement against unauthorized investment schemes and fraudulent conduct aimed at retail investors and affinity groups. Further legal remedies and civil penalties are typically sought by the regulator in such securities fraud proceedings.