MONUMENT • Although a recommendation is close to being fully researched and presented, discussion of the scope and costs to upgrade Palmer Ridge High School’s geothermal heating and cooling system
Litigation Release No. 25015 / January 26, 2021
Securities and Exchange Commission v. Peter Baker, et al., No. 1:19-cv-02565 (N.D. Ga. filed June 4, 2019)
On January 5, 2021, Judge Leigh Martin May of the United States District Court for the Northern District of Georgia granted the SEC s motion for summary judgment against Peter Baker of Lawrenceville, Georgia.
According to the SEC s complaint, filed on June 4, 2019, Baker and codefendant Elizabeth Oharriz engaged in a scheme to sell fictitious prime bank instruments to investors, misrepresenting the instruments as legitimate and claiming that investors would earn substantial profits. As alleged in the complaint, Baker and Oharriz defrauded five groups of investors out of over $2 million and attempted to prevent investors from uncovering the fraud by providing them with fabricated bank documents.