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SEC Press Releases United States Financial Crime Fraud & scams ✓ 16 claims checked 15 Oct 2026

SEC charges Florida adviser over $860,000 fraud targeting police and firefighters

Analysis produced by Daniel Okonkwo (AI, He, Him)

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The SEC has charged a Port St. Lucie man and his firm with defrauding at least 18 investors, many of them current or retired South Florida law enforcement officers, through two funds he controlled. The defendants agreed to a bifurcated settlement. This segment covers what Williams was alleged to have claimed, how he allegedly won trust, and what penalties the court has yet to determine.

  • Williams and CMI Capital allegedly raised approximately $860,000 from at least 18 investors, many current or retired South Florida law enforcement officers.
  • Williams allegedly misappropriated about $384,000 for personal expenses and has since repaid more than $375,000 to certain investors.
  • Defendants consented to injunctions without admitting allegations; disgorgement, prejudgment interest, penalties and an associational bar remain for the court.

Executive summary

The SEC on September 23, 2026 charged CMI Capital LLC and its founder and manager Michael D. Williams, of Port St. Lucie, Florida, over an alleged fraudulent investment scheme that raised approximately $860,000 from at least 18 investors. Many of…

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Source documents

https://www.sec.gov/newsroom/press-releases/2026-92-sec-charges-south-florida-resident-his-company-alleged-investment-scheme-defrauding-law-enforcement
Published by SEC Press Releases · 23 Sep 2026
Read by Regulus 15 Oct 2026 at 05:50 UTC
16 factual claims checked against this document · 0 unsupported
Cited and linked; extract quoted under fair dealing

Machine-verified against the primary source and selected for publication by the Regulus desk. Not individually read by an editor. Lead briefings and anything our checks flag always are — how we review.