Litigation Releases (Alvin Christopher Jones, Esq.)

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 26543 / April 29, 2026

Securities and Exchange Commission v. Alvin Christopher Jones, No. 1:24-cv-3309 (TRJ) (N.D. Ga. filed July 25, 2024)

SEC Obtains Final Consent Judgment as to Florida Attorney Charged with Aiding and Abetting Offering Fraud

On April 27, 2026, the U.S. District Court for the Northern District of Georgia entered a final consent judgment as to defendant Alvin Christopher Jones, whom the SEC previously charged with aiding and abetting an offering fraud.

The SEC's complaint alleges that Jones, a licensed attorney, aided and abetted a fraudulent prime bank and gold and diamond investment scheme conducted by Roosevelt Tobias Bailey and Borg Investment Bank & Capital Trust. The complaint alleges that Jones provided substantial assistance to the fraud by serving as a "paymaster" and receiving and disbursing investor funds according to Bailey's instructions, despite having received many investor complaints, including complaints that specifically alleged that Borg Bank or Bailey had committed fraud and that Jones was complicit in that fraud.

Without admitting or denying the allegations in the SEC's complaint, Jones consented to the entry of the final judgment that permanently enjoins him from violating Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder; and orders him to pay disgorgement of $9,112.52, prejudgment interest of $2,350.25, and a civil penalty of $15,000.

The SEC's litigation was conducted by James P. McDonald and Jacqueline M. Moessner, and was supervised by Gregory A. Kasper and Nicholas P. Heinke of the SEC's Denver Regional Office. The SEC's investigation was conducted by Kenneth E. Stalzer, Rachel Yeates, and Daniel Konosky, and was supervised by Marc D. Ricchiute, all of the Denver Regional Office.