SEC Halts Scheme by Trio Accused of Stealing Investor Money While Promising “Indestructible Wealth”
summary
Paul Ricky Mata, David Kayatta, and Mario Pincheira defrauded over 100 investors of $14 million through unregistered real estate funds, falsely promising 'indestructible wealth' and guaranteed returns while diverting funds to personal expenses—including over $40,000 monthly on Pincheira’s AmEx card—leading to SEC charges, an asset freeze, and demands for disgorgement and permanent injunctions.
paragraph
The SEC charged Paul Ricky Mata, David Kayatta, and Mario Pincheira with securities fraud for raising over $14 million from more than 100 investors through unregistered real estate funds that never generated profits. The defendants concealed Mata’s disciplinary history, falsely guaranteed returns despite prior regulatory sanctions, and diverted investor money to cover personal expenses such as travel, dining, and entertainment, with Pincheira’s American Express card routinely carrying balances exceeding $40,000 per month. They are charged with violating antifraud provisions (Sections 17(a) and 10(b)), securities registration laws (Section 5), and investment adviser statutes, with the SEC seeking disgorgement, financial penalties, and permanent injunctions after obtaining a court-ordered asset freeze.
narrative
The SEC charged Paul Ricky Mata, David Kayatta, and Mario Pincheira with orchestrating a $14 million fraud targeting over 100 investors across California and other states through unregistered real estate investment funds falsely marketed as pathways to 'indestructible wealth.' Using YouTube videos and seminars like 'Finances God’s Way,' they lured retirees into selling existing holdings and investing in funds that never made a profit, while concealing Mata’s extensive disciplinary history as a former licensed securities professional. The trio diverted investor proceeds to cover personal expenses—including over $40,000 monthly on Pincheira’s American Express card—and funneled money to unrelated businesses, all while falsely assuring investors the funds were performing well. They diluted investment value by admitting new investors despite warnings from their accountant and attorney, and were actively planning a new 'Indestructible Wealth Bootcamp' to recruit more victims when the SEC intervened. The court granted an asset freeze and preliminary injunction to halt further solicitation and spending. The SEC alleges violations of Sections 17(a) and 10(b) of the federal securities laws, Section 5 for unregistered offerings, and Sections 206(1) and (2) of the Investment Advisers Act, and is seeking disgorgement of ill-gotten gains, financial penalties, and permanent injunctions against the individuals and their companies. The investigation was conducted with assistance from the California Department of Business Oversight.
Classified affinity-fraud(confidence 80%). EDGAR detection: forms Form D· recall 58% / precision 2%. detection rule →
Statutes
Parties
lorraine b. echavarrialynn m. deanmata and his companies logos wealth advisors inc. and lifetime enterprises llcSecurities and Exchange Commissionthe asset freeze and preliminary injunction granted to the sec by the courtthe sec’s complaint charges mata, kayatta, and pincheirathe sec’s complaint unsealed today in federal court in riverside county, calif.the sec’s investigationthe sec’s litigationthe securities and exchange commission
Keywords
secmataindestructible wealthmata kayattainvestorsinvestor moneyreal estatesecuritiesmoneywealthkayattafundsaccused stealingmoney whilewhile promising
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 2
- $14.00M $14 million $10M–$100M
- $40K $40,000 $10K–$100K
Entities 10
- person lorraine b. echavarria
- person lynn m. dean
- company mata and his companies logos wealth advisors inc. and lifetime enterprises llc
- agency Securities and Exchange Commission
- agency the asset freeze and preliminary injunction granted to the sec by the court
- agency the sec’s complaint charges mata, kayatta, and pincheira
- agency the sec’s complaint unsealed today in federal court in riverside county, calif.
- agency the sec’s investigation
- agency the sec’s litigation
- agency the securities and exchange commission
Triples 20
- The Securities and Exchange Commission Announced Fraud charges and an asset freeze
- The SEC Alleges Paul Ricky Mata, David Kayatta, and Mario Pincheira stole investor proceeds for their own use and diverted money to unrelated businesses
- They Raised More than $14 million from more than 100 investors in California and several other states for two unregistered funds
- Online videos posted to Mata’s website and YouTube channel Helped attract Investors to attend investment seminars with such titles as “Finances God’s Way” or “Indestructible Wealth”
- The funds Have never actually made A profit
- The SEC’s complaint unsealed today in federal court in Riverside County, Calif. Is advertising Plans to offer a three-day “Indestructible Wealth Bootcamp” in Los Angeles next month
- The asset freeze and preliminary injunction granted to the SEC by the court Prohibits Mata, Kayatta, and Pincheira from soliciting further investments or spending additional investor money
- Lorraine B. Echavarria Said Under the guise of investment seminars with buoyant slogans, these men enticed investors into investing in purported real estate funds that are nothing more than piggy banks for their personal expenses and unrelated businesses
- Mata is a former licensed securities professional Has An extensive disciplinary history that was concealed from investors
- Mata and Kayatta Promised Guaranteed returns for one fund despite having been sanctioned by a state regulator for making guarantees
- They Diluted The value of investments of the other fund by allowing in new investors despite being questioned by their accountant and attorney about doing so
- They Lulled Existing investors with false assurances that both funds were performing well despite encumbering the funds’ few assets
- Mata, Kayatta, and Pincheira Charged Their personal dinners, travel, entertainment, and other items on Pincheira’s personal American Express card and used investor money to pay off the card balances, which routinely exceed $40,000 a month
- The SEC’s complaint charges Mata, Kayatta, and Pincheira With violating The antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5
- Mata, Kayatta, and their companies Secured Capital Investments LLC and Logos Real Estate Holdings LLC Are charged with violating The securities registration provisions of Section 5(a) and 5(c) of the Securities Act
- Mata and his companies Logos Wealth Advisors Inc. and Lifetime Enterprises LLC Are charged with violating Sections 206(1) and (2) of the Investment Advisers Act of 1940
- The SEC Is seeking Financial penalties and disgorgement of ill-gotten gains as well as permanent injunctive relief
- The SEC’s investigation Was conducted by Brent W. Wilner and supervised by Diana Tani of the Los Angeles office
- The SEC’s litigation Is being led by Lynn M. Dean
- The SEC Appreciates The assistance of the California Department of Business Oversight
PDF (from attached: complaint)
Text layers
Extracted body text (3,719c)
The Securities and Exchange Commission today announced fraud charges and an asset freeze obtained to halt an ongoing real estate investment scheme being conducted by a trio of business associates in California accused of stealing investors’ money while promising them “indestructible wealth.” The SEC alleges that Paul Ricky Mata, David Kayatta, and Mario Pincheira stole investor proceeds for their own use and diverted money to unrelated businesses. They raised more than $14 million from more than 100 investors in California and several other states for two unregistered funds purporting to invest in real estate. Online videos posted to Mata’s website and YouTube channel helped attract investors to attend investment seminars with such titles as “Finances God’s Way” or “Indestructible Wealth” where they encouraged many retirees to sell their existing securities holdings and invest in the funds, which falsely guaranteed promising returns. The funds have never actually made a profit. According to the SEC’s complaint unsealed today in federal court in Riverside County, Calif., a website managed by Mata is advertising plans to offer a three-day “Indestructible Wealth Bootcamp” in Los Angeles next month, prompting the SEC’s intervention before they could scam additional investors. The asset freeze and preliminary injunction granted to the SEC by the court prohibits Mata, Kayatta, and Pincheira from soliciting further investments or spending additional investor money. “We allege that under the guise of investment seminars with buoyant slogans, these men enticed investors into investing in purported real estate funds that are nothing more than piggy banks for their personal expenses and unrelated businesses,” said Lorraine B. Echavarria, Associate Director of the SEC’s Los Angeles Regional Office. According to the SEC’s complaint filed under seal on September 2: Mata is a former licensed securities professional with an extensive disciplinary history that was concealed from investors, who only heard about Mata’s “22 years of experience as a financial advisor.” Mata and Kayatta promised guaranteed returns for one fund despite having been sanctioned by a state regulator for making guarantees. They diluted the value of investments of the other fund by allowing in new investors despite being questioned by their accountant and attorney about doing so. They lulled existing investors with false assurances that both funds were performing well despite encumbering the funds’ few assets. Mata, Kayatta, and Pincheira charged their personal dinners, travel, entertainment, and other items on Pincheira’s personal American Express card and used investor money to pay off the card balances, which routinely exceed $40,000 a month. The SEC’s complaint charges Mata, Kayatta, and Pincheira with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. Mata, Kayatta, and their companies Secured Capital Investments LLC and Logos Real Estate Holdings LLC are charged with violating the securities registration provisions of Section 5(a) and 5(c) of the Securities Act. Mata and his companies Logos Wealth Advisors Inc. and Lifetime Enterprises LLC are charged with violating Sections 206(1) and (2) of the Investment Advisers Act of 1940. The SEC is seeking financial penalties and disgorgement of ill-gotten gains as well as permanent injunctive relief. The SEC’s investigation was conducted by Brent W. Wilner and supervised by Diana Tani of the Los Angeles office. The SEC’s litigation is being led by Lynn M. Dean. The SEC appreciates the assistance of the California Department of Business Oversight.
OCR text (3,719c · plain-text · 99% conf)
The Securities and Exchange Commission today announced fraud charges and an asset freeze obtained to halt an ongoing real estate investment scheme being conducted by a trio of business associates in California accused of stealing investors’ money while promising them “indestructible wealth.” The SEC alleges that Paul Ricky Mata, David Kayatta, and Mario Pincheira stole investor proceeds for their own use and diverted money to unrelated businesses. They raised more than $14 million from more than 100 investors in California and several other states for two unregistered funds purporting to invest in real estate. Online videos posted to Mata’s website and YouTube channel helped attract investors to attend investment seminars with such titles as “Finances God’s Way” or “Indestructible Wealth” where they encouraged many retirees to sell their existing securities holdings and invest in the funds, which falsely guaranteed promising returns. The funds have never actually made a profit. According to the SEC’s complaint unsealed today in federal court in Riverside County, Calif., a website managed by Mata is advertising plans to offer a three-day “Indestructible Wealth Bootcamp” in Los Angeles next month, prompting the SEC’s intervention before they could scam additional investors. The asset freeze and preliminary injunction granted to the SEC by the court prohibits Mata, Kayatta, and Pincheira from soliciting further investments or spending additional investor money. “We allege that under the guise of investment seminars with buoyant slogans, these men enticed investors into investing in purported real estate funds that are nothing more than piggy banks for their personal expenses and unrelated businesses,” said Lorraine B. Echavarria, Associate Director of the SEC’s Los Angeles Regional Office. According to the SEC’s complaint filed under seal on September 2: Mata is a former licensed securities professional with an extensive disciplinary history that was concealed from investors, who only heard about Mata’s “22 years of experience as a financial advisor.” Mata and Kayatta promised guaranteed returns for one fund despite having been sanctioned by a state regulator for making guarantees. They diluted the value of investments of the other fund by allowing in new investors despite being questioned by their accountant and attorney about doing so. They lulled existing investors with false assurances that both funds were performing well despite encumbering the funds’ few assets. Mata, Kayatta, and Pincheira charged their personal dinners, travel, entertainment, and other items on Pincheira’s personal American Express card and used investor money to pay off the card balances, which routinely exceed $40,000 a month. The SEC’s complaint charges Mata, Kayatta, and Pincheira with violating the antifraud provisions of Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5. Mata, Kayatta, and their companies Secured Capital Investments LLC and Logos Real Estate Holdings LLC are charged with violating the securities registration provisions of Section 5(a) and 5(c) of the Securities Act. Mata and his companies Logos Wealth Advisors Inc. and Lifetime Enterprises LLC are charged with violating Sections 206(1) and (2) of the Investment Advisers Act of 1940. The SEC is seeking financial penalties and disgorgement of ill-gotten gains as well as permanent injunctive relief. The SEC’s investigation was conducted by Brent W. Wilner and supervised by Diana Tani of the Los Angeles office. The SEC’s litigation is being led by Lynn M. Dean. The SEC appreciates the assistance of the California Department of Business Oversight.