Litigation Releases (Lamar D. Fletcher)

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26656 / September 30, 2026

Securities and Exchange Commission v. Lamar D. Fletcher, No. 1:26-cv-05623-SCJ (N.D. Ga. filed Sept. 29, 2026)

SEC Charges Georgia Man in Connection with Alleged $4.25 Million Real Estate Offering Fraud

On September 29, 2026, the Securities and Exchange Commission filed charges against Georgia resident Lamar D. Fletcher for operating an alleged offering fraud scheme through which he raised more than $4.25 million by selling promissory notes and similar securities to approximately 100 investors from across the country.

According to the SEC's complaint, filed in the U.S. District Court for the Northern District of Georgia, between April 2021 and November 2024, Fletcher created the illusion that he owned and operated a successful real estate business and solicited people to invest in two companies that Fletcher formed-Fletchers Capital Group, LLC and Fletchers Multi-Family Real Estate Partners Fund, LP. As alleged, Fletcher told prospective investors that their investments would be used to acquire and/or develop real property to advance his companies' projects, and he promised investors returns of up to 80% or more on an annualized basis. The complaint alleges that, in reality, Fletcher and his companies did not use investor funds in connection with any real estate development. Rather, according to the complaint, Fletcher used more than $2 million of investor money for personal expenses and used more than $2 million of the money he raised to pay supposed returns to earlier investors.

The complaint alleges violations of Sections 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The complaint seeks permanent injunctive relief, disgorgement of ill-gotten gains with prejudgment interest, and a civil penalty.

The investigation was conducted by Grant Mogan and Krysta Cannon under the supervision of Thomas B. Bosch and Justin Jeffries, all of the SEC's Atlanta Regional Office. The litigation will be led by Pat Huddleston under the supervision of M. Graham Loomis.