Peter Stuart and colleagues have released litigation information on the SEC website.

The Securities and Exchange Commission recently filed a lawsuit against Peter Stuart and others in Washington, D.C., accusing them of engaging in fraudulent real estate schemes. The lawsuit, filed on March 7, 2025, alleges that Stuart and his associates defrauded investors by promising high returns on investments in real estate projects but instead misappropriated the funds for personal use.

According to the SEC, Stuart and his co-defendants operated a real estate investment firm that raised millions of dollars from investors by promising to invest in profitable real estate ventures. However, instead of using the funds as promised, the defendants allegedly diverted the money for their own benefit, including paying off personal expenses and making Ponzi-like payments to earlier investors.

The SEC’s complaint alleges that Stuart and his associates made false statements to investors, claiming that their investments were safe and would yield high returns. They allegedly used investor funds to pay for luxury cars, vacations, and other personal expenses, rather than investing in real estate projects as promised. This conduct, according to the SEC, violated federal securities laws that prohibit fraudulent practices in the sale of securities.

The lawsuit seeks permanent injunctions against Stuart and his associates, as well as the return of ill-gotten gains and civil penalties. The SEC is also seeking to bar Stuart and his co-defendants from engaging in future securities offerings or serving as officers or directors of public companies.

In a statement regarding the case, the SEC emphasized the importance of holding individuals accountable for fraudulent conduct in the securities industry. The Commission warned that it would continue to vigorously pursue enforcement actions against those who engage in fraudulent practices, particularly when investors’ funds are at risk.

Investors who believe they may have been defrauded by Stuart and his associates are encouraged to contact the SEC to provide information. The Commission stressed the importance of cooperation from investors in uncovering fraudulent schemes and holding wrongdoers accountable for their actions.

Overall, the SEC’s lawsuit against Peter Stuart and others in the real estate industry highlights the Commission’s commitment to protecting investors and holding individuals accountable for fraudulent conduct. By pursuing enforcement actions against those who engage in fraudulent practices, the SEC aims to maintain the integrity of the securities market and ensure that investors are not misled or defrauded by unscrupulous actors.