SEC v. Pedram Abraham Mehrian, Strategic Legacy Investment Group, Inc., and SLIG High-Interest Liquid Savings Company (ponzi schemes, 2024)

Judgment entered

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In May 2024 the SEC announced a judgment against Pedram Abraham Mehrian, Strategic Legacy Investment Group, Inc. and 1 other. On 18 April 2024 final judgments were entered against the two SLIG entities, which the SEC charged with a Ponzi-like scheme selling over $17.5 million of notes and paying at least $4.2 million of Ponzi-like returns. The recorded figures are the two entities' orders added together (penalties $1,152,314 each); the release does not report relief against Mehrian.

The record

What was ordered

Civil penalty

$2.3m

Disgorgement

$5.5m

Prejudgment interest

$552k

Total relief

$8.4m

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 May 20, 2024 as release LR-26008. On 18 April 2024 final judgments were entered against the two SLIG entities, which the SEC charged with a Ponzi-like scheme selling over $17.5 million of notes and paying at least $4.2 million of Ponzi-like returns. The recorded figures are the two entities' orders added together (penalties $1,152,314 each); the release does not report relief against Mehrian.

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.

The relief recorded in our data is a civil penalty of $2,304,628, disgorgement of $5,544,978, prejudgment interest of $551,845, as the release or order states it. Penalty and disgorgement are distinct: disgorgement returns the gain, while the penalty is punitive. We store them separately so that aggregate figures across the library are not double-counted.

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. 2024-05-20 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.

Related actions

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

Record added September 10, 2026. submit a correction.