Contemporary YORK, NY, Fri. Dec. 4, 2020, Haitian Cases: The U.S. Securities and Alternate Fee has charged Anson Jean-Pierre, president and CEO of Miami-primarily based fully Brothers Funding Neighborhood, with misusing virtually $300,000 in funds raised from about 200 customers, most of them Haitian-American citizens.
Between August 2017 and November 2018, Jean-Pierre solicited customers by his firm, Brothers Funding Neighborhood International, constant with the SEC criticism filed in U.S. District Court docket for the Southern District of Florida in Miami on Nov. 24. The Hialeah man, 58, raised $794,000 from basically Haitian-American customers. However, about $294,000 of the funds went to finance Jean-Pierre’s standard of living, the criticism talked about.
“The truth is, Jean-Pierre misused and misappropriated over one third of customers’ seed cash for non-mission choices, in conjunction with an justify gala, retail purchases, moving areas, hurry and lodge bills, cash withdrawals, and funds to himself and rather lots of people,” the criticism states. “Certainly, now not surely one of the foremost initiatives were a hit and customers misplaced their cash.”
Per the criticism, Jean-Pierre rapid customers to spend money on “membership interests” in his firm, telling them Brothers Funding Neighborhood would recount the funds to supervise construction initiatives in Haiti, and that their funds would be invested “at a profit.” The initiatives included capacity precise property, agricultural, e-commerce and banking initiatives.
Jean-Pierre claimed the merchandise would assist “eradicate poverty and promote prosperity and monetary safety among the Haitian neighborhood” and talked about about 96% of an investment quantity would be in the present day invested in the enchancment initiatives, with the last cash being veteran for administrative bills, constant with the criticism. The cash went in the present day into monetary institution accounts for the firm, with Jean-Pierre controlling essentially the most engrossing debit card issued for the yarn, constant with the SEC.
A 2018 Haiti Libre article describes a “Haitian Millennium Gala” that drew 1,000 participants in Hollywood, Florida, as an tournament organized by Brothers, “a personal neighborhood construction firm mild of 200 people of the Haitian Millionaires Club.”