{"id":8785,"date":"2020-01-14T16:09:51","date_gmt":"2020-01-14T21:09:51","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=8785"},"modified":"2020-01-14T16:09:51","modified_gmt":"2020-01-14T21:09:51","slug":"the-income-store-ponzi-like-scheme","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/the-income-store-ponzi-like-scheme\/","title":{"rendered":"SEC Gets Emergency Asset Freeze, Accuses The Income Store Of Being A \u201cPonzi-Like Scheme\u201d"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-8713 size-medium\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/SEC-300x200.jpg\" alt=\"The Securities and Exchange Commission (SEC) announced that it obtained a temporary restraining order and filed an emergency enforcement action against Kenneth D. Courtright III and his company, Todays Growth Consultant Inc. The actions by the SEC are related to an alleged \u201cPonzi-like scheme\u201d that raised more than $75 million from over 500 investors. The Income Store Promised High Returns The SEC\u2019s complaint, unsealed Jan 14, 2020, states that Courtright and Todays Growth Consultant Inc. (TGC), which also did business under the name \u201cThe Income Store\u201d, promised investors high rates of return from revenues from websites.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/SEC.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2020\/01\/SEC-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The Securities and Exchange Commission (SEC) <a href=\"https:\/\/www.sec.gov\/news\/press-release\/2020-10\" target=\"_blank\">announced<\/a> that it obtained a temporary restraining order and filed an emergency enforcement action against Kenneth D. Courtright III and his company, Todays Growth Consultant Inc.<\/p>\n<p>The actions by the SEC are related to an alleged \u201cPonzi-like scheme\u201d that raised more than $75 million from over 500 investors. <a href=\"https:\/\/www.silverlaw.com\/blog\/the-income-store-ponzi-like-scheme\/#more-8785\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission (SEC) announced that it obtained a temporary restraining order and filed an emergency enforcement action against Kenneth D. Courtright III and his company, Todays Growth Consultant Inc. The actions by the SEC are related to an alleged \u201cPonzi-like scheme\u201d that raised more than $75 million from over 500 investors. Continue [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[593,583],"tags":[],"class_list":["post-8785","post","type-post","status-publish","format-standard","hentry","category-ponzi-schemes","category-sec-actions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SEC Accuses The Income Store Of Being A \u201cPonzi-Like Scheme\u201d<\/title>\n<meta name=\"description\" content=\"The SEC filed an emergency enforcement action against Kenneth Courtright III and his company, Todays Growth Consultant, also operated as The Income Store.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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