On August 12, 2021, the United States District Court for the Southern District of Florida entered an Order in an action filed by the Securities and Exchange Commission appointing Corali Lopez-Castro as the Receiver over MJ Capital Funding, LLC and MJ Taxes and More Inc. The S.E.C.’s Complaint alleges that Johanna M. Garcia has used MJ Capital Funding, LLC and MJ Taxes and More Inc. to perpetrate a Ponzi scheme by which investors have been tricked into thinking they are funding loans to small businesses when in reality their “returns” have been funded with money obtained from new investors. The case is styled Securities and Exchange Commission v. MJ Capital Funding, LLC, MJ Taxes and More Inc. and Johanna Garcia, Case No. 21-61644-CIV-SINGHAL.
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