Securities
Feb. 6, 2026
Broker avoids contempt order in EquiAlt Ponzi enforcement case
A Northern District judge declined to hold insurance broker John Marques in contempt after his lawyer said a serious medical condition prevented compliance with post-judgment discovery in an SEC action tied to the $170 million EquiAlt real estate fraud.
An insurance broker accused of failing to pay over $1.1 million in disgorgement and civil penalties in connection with a $170 million national real estate Ponzi scheme has escaped a contempt order in federal court.
The Securities and Exchange Commission had asked U.S. District Judge Jon S. Tigar to hold broker John Marques in contempt of court for failing to turn over financial records or make payments he is liable for in a long-running securities enforcement case tied to one of t...
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