Eliseo Prisno and P/E Capital Investment Management Partners under investigation by SEC

The case of Securities and Exchange Commission v. Eliseo Prisno, also known as Jojo Prisno, and PE Capital Investment Management Partners, has been filed in the Northern District of Illinois. The SEC’s complaint alleges that Prisno and his company, PE Capital, engaged in fraudulent activities related to the sale of securities.

According to the SEC, Prisno and PE Capital misled investors by making false statements and omitting key information about the investments they were selling. The complaint states that Prisno and his company misrepresented the risks involved in the investments and provided false information about their track record and the performance of the funds they managed.

The SEC also alleges that Prisno and PE Capital misappropriated investor funds for personal use, including paying for Prisno’s luxury cars and international travel expenses. The complaint further accuses Prisno of creating fake account statements to deceive investors about the status of their investments.

In response to the allegations, Prisno and PE Capital have denied any wrongdoing. They claim that they have cooperated fully with the SEC’s investigation and intend to vigorously defend themselves in court. Prisno has stated that he is confident that the truth will come out and that he will be vindicated.

The SEC is seeking permanent injunctions against Prisno and PE Capital, as well as disgorgement of ill-gotten gains and civil penalties. The case is ongoing, and a trial date has not yet been set.

This case serves as a reminder of the importance of conducting due diligence before investing in any securities. Investors should carefully research the background and track record of investment professionals and thoroughly review all offering materials before committing any funds. By taking these steps, investors can help protect themselves from falling victim to fraudulent schemes like the one alleged in this case.

As the case of Securities and Exchange Commission v. Eliseo Prisno and PE Capital Investment Management Partners progresses, the outcome will likely have significant implications for the defendants and potentially set a precedent for future cases involving similar allegations of securities fraud. Investors and industry professionals alike will be watching closely as the legal proceedings unfold to see how the court ultimately rules on the matter.