SEC v. Dr. Joseph J. Nantomah; Investors Capital LLC; Global Investors Capital LLC; and High Income Performance Partners LLC, No. LR-26368, Eastern District of Wisconsin (Aug. 1, 2025) — Press Release
raw: Dr. Joseph J. Nantomah; Investors Capital LLC; Global Investors Capital LLC; and High Income Performance Partners LLC
Dr. Joseph J. Nantomah; Investors Capital LLC; Global Investors Capital LLC; and High Income Performance Partners LLC, No. 2:25-cv-01130 (Aug. 1, 2025)
Dr. Joseph J. Nantomah and his three companies were charged by the SEC for a real estate offering fraud that misappropriated $1.9 million, seeking injunctive relief and civil penalties.
Dr. Joseph J. Nantomah and his companies, Investors Capital LLC, Global Investors Capital LLC, and High Income Performance Partners LLC, are charged with operating a real estate-related offering fraud. The defendants raised at least $1.9 million from over 30 investors but misused at least 80% of the funds for personal use and other ventures. The SEC is seeking permanent injunctive relief, disgorgement with prejudgment interest, and civil penalties for violations of the Securities Act and Exchange Act.
The SEC charged Dr. Joseph J. Nantomah and his three companies—Investors Capital LLC, Global Investors Capital LLC, and High Income Performance Partners LLC—with operating a real estate-related offering fraud. Between May 2020 and January 2024, the defendants solicited at least 30 investors by promising to profit from fixing and flipping real estate. However, Nantomah allegedly misappropriated at least 80% of the $1.9 million raised to fund personal expenses and other ventures. The complaint, filed in the Eastern District of Wisconsin, alleges violations of the Securities Act of 1933 and the Exchange Act of 1934. Nantomah is also being held liable as a control person for the companies' violations. The SEC is seeking permanent injunctive relief, disgorgement with interest, and civil penalties against all defendants.
Exhibits & Attached Documents (1)
Extracted insights
- $1.90M $1.9 million $1M–$10M
- court complaint in u.s. district court for the eastern district of wisconsin
- company investors' money on himself and his other ventures
- agency Securities and Exchange Commission
- Securities And Exchange Commission charged Dr. Joseph J. Nantomah and Investors Capital LLC, Global Investors Capital LLC, and High Income Performance Partners LLC
- Defendants raised at least $1.9 million from at least 30 investors
- Nantomah misused investors' money on himself and his other ventures
- SEC filed complaint in U.S. District Court For The Eastern District Of Wisconsin
- Complaint charges Defendants with securities law violations
- SEC seeks permanent injunctive relief against all Defendants
- SEC seeks disgorgement with prejudgment interest and a civil penalty against all Defendants
- SEC conducted investigation by Dee a. O’Hair and Steven Tremaglio
- Litigation led by BeLinda Mathie and Michael Foster
- SEC appreciates assistance of Wisconsin Department of Financial Institutions
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26368 / Aug. 6, 2025 Securities and Exchange Commission v. Dr. Joseph J. Nantomah; Investors Capital LLC; Global Investors Capital LLC, and High Income Performance Partners LLC, No. 2:25-cv-01130 (E.D. Wis. filed Aug. 1, 2025) SEC Charges Wisconsin Man and His Three Companies with Operating a Real Estate-Related Offering Fraud On August 1, 2025, the Securities and Exchange Commission charged Dr. Joseph J. Nantomah and three limited liability companies that he owns and controls, Investors Capital LLC, Global Investors Capital LLC, and High Income Performance Partners LLC, with perpetrating a real estate-related offering fraud. According to the SEC’s complaint, from approximately May 2020 through at least January 2024, Defendants solicited investors by promising to purchase, fix, and flip real estate for profit. Defendants collectively raised at least $1.9 million from at least 30 investors throughout the United States, including at least nine investors in Wisconsin. Unbeknownst to investors, many of whom were members of the Nigerian-American community, Nantomah misused their money by spending at least 80% of it on himself and his other ventures, and not on the promised real estate transactions. The complaint, filed in the U.S. District Court for the Eastern District of Wisconsin, charges the Defendants with violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 (“Securities Act”) and Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5 thereunder. The complaint also alleges that Nantomah is liable as a control person pursuant to Section 20(a) of the Exchange Act for the other Defendants’ violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The complaint seeks permanent injunctive relief against all Defendants, a conduct-based injunction against Nantomah, and disgorgement with prejudgment interest and a civil penalty against all Defendants. The SEC’s investigation was conducted by Dee A. O’Hair and Steven Tremaglio and supervised by Amy Flaherty Hartman and Anne McKinley of the SEC’s Chicago Regional Office. The litigation will be led by BeLinda Mathie and Michael Foster and will be supervised by Ben Hanauer and Eric Phillips, also of the SEC’s Chicago Regional Office. The SEC appreciates the assistance of the Wisconsin Department of Financial Institutions.
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26368 / Aug. 6, 2025 Securities and Exchange Commission v. Dr. Joseph J. Nantomah; Investors Capital LLC; Global Investors Capital LLC, and High Income Performance Partners LLC, No. 2:25-cv-01130 (E.D. Wis. filed Aug. 1, 2025) SEC Charges Wisconsin Man and His Three Companies with Operating a Real Estate-Related Offering Fraud On August 1, 2025, the Securities and Exchange Commission charged Dr. Joseph J. Nantomah and three limited liability companies that he owns and controls, Investors Capital LLC, Global Investors Capital LLC, and High Income Performance Partners LLC, with perpetrating a real estate-related offering fraud. According to the SEC’s complaint, from approximately May 2020 through at least January 2024, Defendants solicited investors by promising to purchase, fix, and flip real estate for profit. Defendants collectively raised at least $1.9 million from at least 30 investors throughout the United States, including at least nine investors in Wisconsin. Unbeknownst to investors, many of whom were members of the Nigerian-American community, Nantomah misused their money by spending at least 80% of it on himself and his other ventures, and not on the promised real estate transactions. The complaint, filed in the U.S. District Court for the Eastern District of Wisconsin, charges the Defendants with violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 (“Securities Act”) and Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5 thereunder. The complaint also alleges that Nantomah is liable as a control person pursuant to Section 20(a) of the Exchange Act for the other Defendants’ violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The complaint seeks permanent injunctive relief against all Defendants, a conduct-based injunction against Nantomah, and disgorgement with prejudgment interest and a civil penalty against all Defendants. The SEC’s investigation was conducted by Dee A. O’Hair and Steven Tremaglio and supervised by Amy Flaherty Hartman and Anne McKinley of the SEC’s Chicago Regional Office. The litigation will be led by BeLinda Mathie and Michael Foster and will be supervised by Ben Hanauer and Eric Phillips, also of the SEC’s Chicago Regional Office. The SEC appreciates the assistance of the Wisconsin Department of Financial Institutions.