SEC Charges South Florida Resident and His Company for Alleged Investment Scheme Defrauding Law Enforcement

The Securities and Exchange Commission today charged CMI Capital LLC and its founder and manager, Michael D. Williams, for an alleged fraudulent investment scheme that raised approximately $860,000 from at least 18 investors, many of whom are current or retired law enforcement officers in South Florida. The defendants have agreed to a bifurcated settlement in connection with the charges and subject to court approval. According to the SEC’s complaint, from at least October 2023 through August 2024, Williams, of Port St. Lucie, Florida, made numerous false and misleading statements in order to convince clients to invest in two funds that he controlled.