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Brief
The U.S. Securities and Exchange Commission (SEC) obtained default judgments against Robert M. Thompson and his entity, The Financial Freedom Foundation d/b/a F3 Mastermind, for defrauding investors in three securities offerings. The SEC's complaint alleged that Thompson marketed F3 Mastermind as a private membership group offering investments with guaranteed risk-free returns, resulting in over $2 million being provided to third-party operators. The default judgments enjoin Thompson and F3 Mastermind from violating antifraud provisions and order them to pay $72,946 in disgorgement, along with civil penalties.
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