SEC v. MFB 111 Investment, LLC and Monise François Bien Aimé (ponzi schemes, 2023)

Settled

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In September 2023 the SEC charged MFB 111 Investment, LLC and its president Monise Francois Bien Aime with an unregistered offering that raised about $1.8 million from at least 170 investors in the Haitian-American community. Both consented to a judgment entered June 10, 2024; the amount of disgorgement and penalty was left for later and is not confirmed here.

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 Securities and Exchange Commission announced this matter on September 19, 2023 as release LR-25833. The complaint alleged that MFB 111 Investment and its president raised about $1.8 million from at least 170 investors in the Haitian-American community, misappropriated at least $186,000 and made Ponzi-like distributions.

This library tags the matter as a Ponzi scheme because the document describes returns to earlier investors paid from later investors' money, as alleged or found. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.

Outcome: the Southern District of Florida entered a judgment on June 10, 2024 against both defendants after they consented to its entry without admitting or denying the allegations. The judgment enjoins them but leaves disgorgement, prejudgment interest and civil penalties to be decided on a later SEC motion. A proposed final judgment against Bien Aime, attached to a November 2024 filing, would impose disgorgement of $270,080, interest of $48,593 and a $270,080 penalty; it is unsigned in the copy I read, and I did not confirm that it was entered, so no money is recorded here.

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. 2023-09-19 Litigation release published
2. 2024-06-10 Judgment by consent as to MFB 111 Investment and Monise Francois Bien Aime (S.D. Fla.); monetary relief reserved

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
• Judgment as to MFB 111 Investment, LLC and Monise Francois Bien Aime

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.

Related actions

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

Record added September 10, 2026. submit a correction.