SEC v. Capital Financial Partners, Allen and Daub: final judgments (ponzi schemes, 2017)

Judgment entered

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In November 2017 the SEC announced final judgments in Massachusetts against William D. Allen, Susan C. Daub and their companies in the athlete-loan Ponzi scheme, ordering more than $15.7 million in disgorgement plus interest, deemed satisfied by criminal restitution.

The record

What was ordered

Civil penalty

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Disgorgement

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Prejudgment interest

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Total relief

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Alleged gain

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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 complaint of April 1, 2015 alleged the defendants raised almost $32 million for loans to professional athletes and misled investors about the loans. Allen and Daub were each sentenced on March 1, 2017 to six years and $16.8 million in restitution. The November 17, 2017 judgment enjoins all defendants from antifraud violations.

The record had no money and listed only the lead name with "et al." This is the last of four records on this matter.

This library tags the matter as ponzi schemes because the document describes payments to earlier participants made from later participants' money. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

Money note: the dollar amounts in this record's text describe the November 2017 final judgment; to avoid counting the same amounts twice, the money fields are left empty here and the figures are held on the record for the same case under release LR-23692 (sec-capital-financial-partners-llc-et-al-ponzi-schemes-2016).

What technique is this, and how does it work?

This action is tagged with one technique in our taxonomy. The tagging is ours: regulators charge statutory provisions, not technique names, so the mapping is an editorial judgement described in our editorial policy.

• Ponzi schemes — see how it works, what statute it engages, and every other action tagged the same way.

Timeline

1. 2017-11-17 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.

Same matter

The library links these 4 records because they appear to concern one matter: the same lead defendant, an overlapping technique tag and close filing dates, or a shared court docket or a release that cites the other. Records are listed by date filed.

This grouping is the library's, made by matching names, techniques, dates and citations when the site is built. It is not the regulator's or a court's determination that the records are one case, and it errs towards missing a link rather than making a false one.

Related actions

Other actions in the library sharing at least one technique tag with this one.

Record added September 10, 2026. submit a correction.