Alvin Christopher Jones, Esq.
Alvin Christopher Jones, Esq., No. 1:24-cv-3309
Florida attorney Alvin Christopher Jones aided and abetted a fraudulent prime bank and gold/diamond investment scheme by acting as a paymaster for Roosevelt Tobias Bailey and Borg Investment Bank, receiving and disbursing investor funds despite complaints of fraud, and ultimately consented to a final SEC judgment imposing $26,462.77 in disgorgement, interest, and penalties.
Alvin Christopher Jones, a licensed Florida attorney, was charged by the SEC with aiding and abetting a fraudulent prime bank and gold/diamond investment scheme led by Roosevelt Tobias Bailey and Borg Investment Bank & Capital Trust. Jones facilitated the fraud by serving as a paymaster, receiving and disbursing investor funds while ignoring multiple complaints that directly accused Bailey and himself of fraud. Without admitting or denying the allegations, Jones consented to a final judgment that permanently enjoins him from violating Sections 17(a) and 10(b) of the federal securities laws and Rule 10b-5, and orders him to pay $9,112.52 in disgorgement, $2,350.25 in prejudgment interest, and a $15,000 civil penalty.
Florida attorney Alvin Christopher Jones was charged by the U.S. Securities and Exchange Commission with aiding and abetting a fraudulent prime bank and gold/diamond investment scheme orchestrated by Roosevelt Tobias Bailey and Borg Investment Bank & Capital Trust. Jones allegedly provided substantial assistance to the fraud by acting as a paymaster, receiving investor funds and disbursing them according to Bailey’s instructions, despite receiving multiple complaints that explicitly alleged fraud by Bailey and implicated Jones as complicit. Without admitting or denying the SEC’s allegations, Jones consented to a final judgment entered by the U.S. District Court for the Northern District of Georgia on April 27, 2026. The judgment permanently enjoins him from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. He was ordered to pay $9,112.52 in disgorgement of ill-gotten gains, $2,350.25 in prejudgment interest, and a $15,000 civil penalty, totaling $26,462.77 in financial sanctions. The SEC’s Denver Regional Office conducted both the investigation and litigation, with key personnel including Kenneth E. Stalzer, Rachel Yeates, and Daniel Konosky on the investigative team, and James P. McDonald and Jacqueline M. Moessner leading the prosecution. The case underscores the SEC’s focus on holding professionals, including attorneys, accountable for enabling securities fraud even when they do not directly orchestrate it.
Extracted insights
- $15K $15,000 $10K–$100K
- $9K $9,112 <$10K
- $2K $2,350 <$10K
- person alvin christopher jones
- person daniel konosky
- person final consent judgment
- person jacqueline m. moessner
- person james p. mcdonald
- person kenneth e. stalzer
- person marc d. ricchiute
- person nicholas p. heinke
- person rachel yeates
- agency sec’s investigation
- agency sec’s litigation
- agency Securities and Exchange Commission
- court u.s. district court for the northern district of georgia
- Securities and Exchange Commission obtains Final Consent Judgment
- U.S. District Court for the Northern District of Georgia entered final consent judgment
- Alvin Christopher Jones consented to entry of the final judgment
- Alvin Christopher Jones paid $9,112.52
- Alvin Christopher Jones paid $2,350.25
- Alvin Christopher Jones paid $15,000
- James P. McDonald conducted SEC’s litigation
- Jacqueline M. Moessner conducted SEC’s litigation
- Gregory A. Kasper supervised SEC’s litigation
- Nicholas P. Heinke supervised SEC’s litigation
- Kenneth E. Stalzer conducted SEC’s investigation
- Rachel Yeates conducted SEC’s investigation
- Daniel Konosky conducted SEC’s investigation
- Marc D. Ricchiute supervised SEC’s investigation
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26543 / April 29, 2026Securities and Exchange Commission v. Alvin Christopher Jones, No. 1:24-cv-3309 (TRJ) (N.D. Ga. filed July 25, 2024)SEC Obtains Final Consent Judgment as to Florida Attorney Charged with Aiding and Abetting Offering FraudOn April 27, 2026, the U.S. District Court for the Northern District of Georgia entered a final consent judgment as to defendant Alvin Christopher Jones, whom the SEC previously charged with aiding and abetting an offering fraud.The SEC’s complaint alleges that Jones, a licensed attorney, aided and abetted a fraudulent prime bank and gold and diamond investment scheme conducted by Roosevelt Tobias Bailey and Borg Investment Bank & Capital Trust. The complaint alleges that Jones provided substantial assistance to the fraud by serving as a “paymaster” and receiving and disbursing investor funds according to Bailey’s instructions, despite having received many investor complaints, including complaints that specifically alleged that Borg Bank or Bailey had committed fraud and that Jones was complicit in that fraud.Without admitting or denying the allegations in the SEC’s complaint, Jones consented to the entry of the final judgment that permanently enjoins him from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; and orders him to pay disgorgement of $9,112.52, prejudgment interest of $2,350.25, and a civil penalty of $15,000.The SEC’s litigation was conducted by James P. McDonald and Jacqueline M. Moessner, and was supervised by Gregory A. Kasper and Nicholas P. Heinke of the SEC’s Denver Regional Office. The SEC’s investigation was conducted by Kenneth E. Stalzer, Rachel Yeates, and Daniel Konosky, and was supervised by Marc D. Ricchiute, all of the Denver Regional Office.
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26543 / April 29, 2026Securities and Exchange Commission v. Alvin Christopher Jones, No. 1:24-cv-3309 (TRJ) (N.D. Ga. filed July 25, 2024)SEC Obtains Final Consent Judgment as to Florida Attorney Charged with Aiding and Abetting Offering FraudOn April 27, 2026, the U.S. District Court for the Northern District of Georgia entered a final consent judgment as to defendant Alvin Christopher Jones, whom the SEC previously charged with aiding and abetting an offering fraud.The SEC’s complaint alleges that Jones, a licensed attorney, aided and abetted a fraudulent prime bank and gold and diamond investment scheme conducted by Roosevelt Tobias Bailey and Borg Investment Bank & Capital Trust. The complaint alleges that Jones provided substantial assistance to the fraud by serving as a “paymaster” and receiving and disbursing investor funds according to Bailey’s instructions, despite having received many investor complaints, including complaints that specifically alleged that Borg Bank or Bailey had committed fraud and that Jones was complicit in that fraud.Without admitting or denying the allegations in the SEC’s complaint, Jones consented to the entry of the final judgment that permanently enjoins him from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; and orders him to pay disgorgement of $9,112.52, prejudgment interest of $2,350.25, and a civil penalty of $15,000.The SEC’s litigation was conducted by James P. McDonald and Jacqueline M. Moessner, and was supervised by Gregory A. Kasper and Nicholas P. Heinke of the SEC’s Denver Regional Office. The SEC’s investigation was conducted by Kenneth E. Stalzer, Rachel Yeates, and Daniel Konosky, and was supervised by Marc D. Ricchiute, all of the Denver Regional Office.