Securities and Exchange Commission (SEC) has requested the Court’s approval of a proposed consent judgment against Lakenya Hopkins.
Back in September 2022, the SEC charged Money Magnet Platinum Membership Initiative LLC (“MMPMI”) and its principal, LaKenya Hopkins, with fraudulently raising funds and misappropriating those funds from investors.
The proposed consent judgment would impose permanent injunctions against future violations of the relevant securities law provisions and require Hopkins to pay full disgorgement of $262,280, plus prejudgment interest of $20,056, which will be deemed satisfied by the order of restitution of $289,630 entered against Hopkins in the related criminal case.
On September 8, 2022, the SEC charged Money Magnet Platinum Membership Initiative (“MMPMI”) and Hopkins…
Read More
