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Brian Davison
CEO of EquiAlt: Alternative Investments That Create Solutions
Brian Davison is the founder and CEO of EquiAlt, a private real estate investment firm based in Florida. His tenure at EquiAlt has been marred by serious legal issues, including allegations of running a Ponzi scheme. In February 2020, the U.S. Securities and Exchange Commission (SEC) charged Davison and EquiAlt with defrauding investors by raising over $170 million through misleading claims about the company's investment strategies and financial health.145
Legal Issues
The SEC's complaint detailed that Davison and his associates misrepresented how investor funds would be used, promising returns that were ultimately unachievable. Instead of investing the majority of the funds in real estate, significant portions were allegedly diverted for personal expenditures, including luxury items and lavish lifestyles.123
In August 2021, Davison settled with the SEC, agreeing to pay more than $27 million in disgorgement and fines related to these fraudulent activities.3 The court appointed a receiver to manage the assets of EquiAlt and oversee the distribution of recovered funds to affected investors.2
Summary
Brian Davison's leadership at EquiAlt has led to significant scrutiny and legal repercussions, highlighting critical issues in investor protection within real estate investments.