A Buford man accused in May 2013 of misappropriating money from elderly investors must repay $1.8 million, according to a judgment by the Securities and Exchange Commission. Blake Richards, according to an Aug. 28 news release by the SEC, must pay $80,000 as a civil penalty in addition to the $1.8 million judgment. In May 2013, the SEC charged Richards, a representative of a broker dealer, with misappropriating money from at least seven investors dating back to at least 2008.
$1.8 million judgment awarded in fraud case