Veteran Broward Lawyer, Outside Counsel Charged With Securities Fraud
Fort Lauderdale attorney Jan Douglas Atlas is accused of perpetuating a $330 million fraud run by Hallandale Beach payday loan company 1 Global Capital LLC.
September 17, 2019 at 01:08 PM
3 minute read
The original version of this story was published on Daily Business Review
Longtime Fort Lauderdale attorney Jan Douglas Atlas was charged with one count of securities fraud Tuesday over his alleged involvement in a $330 million scheme that prosecutors say hurt almost 3,600 investors across 42 states.
Prosecutors say Atlas provided "false legal cover" for unlawful practices when he served as outside counsel to 1 Global Capital LLC, a defunct Hallandale Beach commercial lending agency which gave high-interest payday loans to small businesses.
His corporate client, 1 Global Capital, opened in 2014 and filed for bankruptcy protection in 2018.
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