SEC Charges Brett M. Bartlett and Scott A. Miller for Fraudulent Securities Offerings

The Securities and Exchange Commission has accused Brett M. Bartlett and his father-in law Scott A. Miller of engaging in fraudulent security offerings. The scheme raised a minimum of $20.5 million. Some of the money was used for Bartlett’s and Miller’s personal expenses.

According to SEC’s complaint Bartlett and Miller collected funds from over 1000 investors across the nation between June 2018 and April 2020. The two sold stock, fraudulent gold contracts and promissory bonds through their various companies including Dynasty Toys Inc. The 7M eGroup Corp. Concept Management Company LLC. and Dynasty Inc. Bartlett allegedly used the Christian faith he had gained to gain trust from investors.

Bartlett and Miller are accused of misleading investors in order not to receive cash payments from their failed businesses. They sent bad checks worth $21 million and made Ponzi-like payments totaling over $11,000,000. They also misappropriated over $1.2 million to use for their own personal needs, including vacations, entertainment and luxury rentals.

The SEC filed a complaint in federal court for the Central District of California accusing the defendants of violating antifraud securities laws. It seeks permanent injunctions and civil penalties as well as disgorgement and prejudgment interests.

In a separate probe, the U.S. Attorney’s Office of the Central District of Illinois announced criminal charges against Bartlett 7Me and Dynasty Toys. Indictments are merely accusations, and defendants will be presumed innocent until proven guilty.

Investor Alerts with helpful tips to avoid affinity fraud have been issued by the SEC Office of Investor Education and Advocacy and Division of Enforcement Retail Strategy Task Force.

Colleen Keating and Maria Rodriguez conducted the SEC investigation, under supervision of Finola H. Manvelian from SEC Los Angeles Regional Office. Ruth Pinkel and Gary Leung will supervise the litigation. The SEC would like to thank the U.S. Attorney’s Office of Central District of Illinois and the Federal Bureau of Investigation Springfield Field Office as well the Office of Inspectors General of Federal Deposit Insurance Corporation for their help.

Recover Investment Losses

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SEC: What You Need to Know

Securities and Exchange Commission, or SEC for short, is the regulatory agency of the United States. It oversees and enforces the laws relating to the securities sector. Its main mandate is to safeguard investors, maintain fair markets and facilitate capital creation. The SEC makes sure that individuals and companies offering securities to the general public give accurate and complete information. It also regulates the trading of securities and the sale to prevent fraud. The SEC is also responsible for enforcing compliance, investigating possible violations and taking legal actions when necessary. SEC mission: To promote transparency, stability and integrity of the securities market for investors and economy.

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