SEC v. Brady Jack Speers, Chatree Thiranon and GHAP, LLC d/b/a Blue Star Texas (2023)

Settled

Checked against the primary document on October 3, 2026. The library's summary, tags and figures for this record were compared with the regulator's own document by an AI model (Claude) following written instructions, with sampled and disputed records read a second time. No lawyer has reviewed them. A checked record can still contain errors, and checked does not mean endorsed. See how we check records or report a correction.

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In August 2023 the SEC announced a settlement with Brady Jack Speers, Chatree Thiranon and 1 other. The complaint alleges a house-flipping offering that raised almost $8 million from 40 investors, with more than $2.9 million misused for personal expenses and Ponzi-like payments. The three defendants consented to a partial settlement, subject to court approval, leaving money relief to the court and providing for a liquidation agent.

The record

Structured fields for this action, as recorded in our case library.
Agency	SEC
Release number	LR-25818
Date filed	2023-08-31
Date resolved	2023-08-31
Court	U.S. District Court, Northern District of Texas
Status	settled
Criminal parallel	No
Bars imposed	conduct-based injunction
Defendants	Brady Jack Speers (individual) ; Chatree Thiranon (individual) ; GHAP, LLC d/b/a Blue Star Texas (entity)
Cited as charged or alleged	Exchange Act s.10(b) and Rule 10b-5 ; Securities Act s.17(a) ; Securities Act s.5 (statutes and rules cited in the document; not a finding that they were violated)
Techniques

What was ordered

Civil penalty: —
Disgorgement: —
Prejudgment interest: —
Total relief: —
Alleged gain: —

A dash means the release did not state a figure we could extract, not that the figure is zero. Penalty and disgorgement are stored separately so aggregates across the library do not double-count the same dollars.

What is alleged to have happened

The Securities and Exchange Commission announced this matter on August 31, 2023 as release LR-25818. The complaint alleges a house-flipping offering that raised almost $8 million from 40 investors, with more than $2.9 million misused for personal expenses and Ponzi-like payments. The three defendants consented to a partial settlement, subject to court approval, leaving money relief to the court and providing for a liquidation agent.

This library does not tag the matter as a Ponzi scheme: on a source check, the document mentions Ponzi-like payments only in passing, or as part of another party's scheme, and the charges are about something else. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

Non-monetary relief recorded: conduct-based injunction.

Timeline

2023-08-31 Litigation release published

Primary documents

Everything on this page derives from the documents below. Where our summary and the primary document disagree, the primary document is right.

SEC litigation release

The linked release is a work of the United States government and is not subject to copyright. Our summary and narrative above are our own writing.

Record added September 10, 2026. submit a correction.