SEC sues investment promoter Gary McDuff for alleged $11 m fraud

A promoter with a long history of involvement in dubious investment schemes, which often involve offshore entities, has been accused of fraud by the U. S. Securities and Exchange Commission.Gary Lynn McDuff helped perpetrate a scam in which over $11 million was raised from approximately 105 investors, according to a complaint that was filed by the SEC at the U. S. District Court for the Northern District of Texas on March 26, 2008.