SEC v. Nayeem Choudhury and Dream Venture Capital Group, LLC (paid stock promotion, 2023)
Status unknown
Machine-extracted, pending human review. The structured fields on this page were parsed automatically from the regulator's own release, linked below. Read the primary document before relying on any figure here, and tell us if something is wrong.
In 2023, the Securities and Exchange Commission brought an action against Nayeem Choudhury and Dream Venture Capital Group, LLC, alleging conduct this library classifies as paid stock promotion and ponzi schemes. The release does not state a monetary figure that we were able to extract.
The record
| Agency | SEC |
|---|---|
| Release number | LR-25774 |
| Date filed | 2023-07-12 |
| Court | U.S. District Court, Middle District of North Carolina |
| Status | unknown |
| Criminal parallel | No |
| Bars imposed | conduct-based injunction |
| Defendants | Nayeem Choudhury ; Dream Venture Capital Group, LLC |
| Techniques | Paid stock promotion , Ponzi schemes |
What was ordered
- Civil penalty
- —
- Disgorgement
- —
- Prejudgment interest
- —
- Total relief
- —
- Alleged gain
- —
What is alleged to have happened
the Securities and Exchange Commission announced this matter on July 12, 2023 as release LR-25774. The respondents named are Nayeem Choudhury and Dream Venture Capital Group, LLC (1 individual, 1 entity). The action was brought in the U.S. District Court, Middle District of North Carolina.
This library tags the matter as paid stock promotion and ponzi schemes, based on the conduct the regulator describes. Each tag links to a page explaining how that technique works, what statute it engages, and what penalties comparable actions have attracted. The tagging is ours, not the regulator's: agencies charge statutory provisions, not technique names.
Non-monetary relief recorded: conduct-based injunction.
For the regulator's own account of the facts, read the primary document linked above. This page deliberately summarises the structured record rather than reproducing the release.
What technique is this, and how does it work?
This action is tagged with 2 techniques 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.
- Paid stock promotion — see how it works, what statute it engages, and every other action tagged the same way.
- Ponzi schemes — see how it works, what statute it engages, and every other action tagged the same way.
Timeline
- 2023-07-12 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.
Related actions
Other actions in the library sharing at least one technique tag with this one.
| Action | Agency | Filed | Technique | Penalty | Status |
|---|---|---|---|---|---|
| SEC v. Diana Mae Fernandez (paid stock promotion, 2025) | SEC | 2025-07-11 | Paid Stock Promotion , Ponzi Schemes | — | judgment |
| SEC v. Prosperity, Investments & Lending, LLC (paid stock promotion, 2024) | SEC | 2024-01-18 | Paid Stock Promotion , Ponzi Schemes | — | settled |
| SEC v. Stephen L. Bailey, Sapphire Exploration LLC, and Harris Exploration Inc. (paid stock promotion, 2023) | SEC | 2023-09-25 | Paid Stock Promotion , Ponzi Schemes | — | filed |
| SEC v. Brent Seaman, Accanito Holdings, LLC, and others (paid stock promotion, 2023) | SEC | 2023-07-28 | Paid Stock Promotion , Ponzi Schemes | — | judgment |
| SEC v. BNZ One Capital, LLC, et al. (paid stock promotion, 2021) | SEC | 2021-10-29 | Paid Stock Promotion , Ponzi Schemes | — | filed |
| SEC v. Frantz Simeon and First Black Enterprises, Inc. (paid stock promotion, 2021) | SEC | 2021-09-23 | Paid Stock Promotion , Ponzi Schemes | — | unknown |