AmeriFirst Lawyer Denouces SEC Allegations
If you've been following the recent activity in the Securities and Exchange Commission (SEC), then you know all about the SEC's recent scrutiny of Texas-based bank holdings company AmeriFirst. In a complaint filed Monday, July 2, the SEC leveled numerous accusations of investor fraud and financial mismanagement against the company, claiming that the company's investment opportunities "attracted investors with false promises of safety," and that company management used "much of their victim's money for their personal benefit." The SEC then filed an emergency action against the company to halt AmeriFirst's offering of securities - Secured Debt Obligations, or SDOs -…