BUSINESS BRIEFING
Times Wire Reports
The Securities and Exchange Commission said it had obtained court orders freezing assets and halting an alleged securities fraud run by a San Diego promoter.
The SEC said in a complaint filed in federal court that Mohit Khanna claimed to have raised as much as $70 million from 300 investors in Southern California and elsewhere through his company, MAK 1 Enterprises Group. Investors were solicited through word-of-mouth referrals and MAK 1’s website, the agency said.
