Business · 01/09/2026Updated: 10/17/2026 · 1 min read
SEC Charges Executives of Pacific Private Money Group with Multimillion Dollar Ponzi-Like Scheme
Summary
The Securities and Exchange Commission has charged Mark D. Hanf, the former CEO of Pacific Private Money Group LLC, and Hoai-Nam Chu Phan, the former COO of a PPMG subsidiary, with a multimillion-dollar scheme that resembles a Ponzi scheme