The Securities and Exchange Commission (SEC) charges Prosper E, a resident of Loganville, Georgia.Beyond Moore and its controlled entity Prosperity Investments & Solutions, LLC defrauded dozens of investors.。

Between October 2021 and September 2022, Moore and Prosperity falsely advertised Prosperity as an exclusive investment and lending platform with an elite team of experienced investors that generated up to 50% of the profits for investors each month, resulting in the issuance of unregistered securities to more than 60 individual investors (many of whom were members of Moore's church or learned about Moore's products through shared religious beliefs) and raising more than $1.4 million, according to the SEC.。

The complaint alleges that Moore had no previous experience in the financial industry and was the only person to make investment decisions, and that Prosperity did not actually invest most of the money it received from investors.。

Instead, according to the SEC, Moore operated Prosperity as a Ponzi scheme, using new investors' funds to pay existing investors' payments and personal expenses, while creating false account statements and creating the illusion of profitability.。

The SEC filed suit in the U.S. District Court for the Northern District of Georgia alleging that Moore and Prosperity violated sections 5 (a), 5 (c), and 17 (a) of the Securities Act of 1933 and Rule 10 (b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder.。

Neither Moore nor Prosperity admitted or denied the charges in the SEC indictment, but agreed with the court's order permanently prohibiting them from violating the terms of the charges and empowering the court to determine at a later date the amount of fines, pre-trial interest and civil penalties payable by each defendant.。

Moore also agrees to be permanently prohibited from acting as an officer and director under Section 20 (e) of the Securities Act and Section 21 (d) (2) of the Exchange Act, and agrees to the court's injunction permanently prohibiting Moore from participating in the issuance, purchase, offering or sale of securities, except for personal accounts。