SEC Charges Florida Man and CMI Capital in $860K Fraud Targeting Law Enforcement

The SEC charged CMI Capital LLC and its founder Michael D. Williams with running a fraudulent investment scheme that raised about $860,000 from at least 18 investors, many of them current or former law enforcement. The scheme allegedly misrepresented investment use and returns. This is a regulatory enforcement action, not a systemic market event, but it highlights fraud risks in niche investment vehicles.