October 10, 2016

September 1, 2016

The SEC charged Alabama attorney Donald Watkins and his companies, Watkins Pencor LLC and Masada Resource Group LLC, with defrauding professional athletes and other investors out of millions of dollars, much of which he spent on his girlfriend and to cover other personal expenses.  The Commission’s complaint alleges that Watkins falsely told investors that their funds would be invested in waste-to-energy ventures, and that Waste Management Inc., a large waste treatment company, was seriously considering acquiring Watkins Pencor and Masada in a multi-billion dollar transaction.  SEC

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