SEC updates on action targeting co-conspirator of Ponzi scammer Renwick HaddowThe United States Securities and Exchange Commission (SEC) has earlier today filed a letter with the New York Southern District Court, providing an update on the action targeting Savraj Gata-Aura, a co-conspirator of Ponzi scammer Renwick Haddow, and Core Agents Ltd. Bar Works, Inc. and Bar Works 7th Avenue, Inc. were ostensibly start-up companies that would take vacant restaurants and bars and convert them into cooperative working spaces that could be leased by individuals or companies. In order to finance these activities, Bar Works raised money from investors pursuant to leases that guaranteed investors a fixed rate of return. The defendants are alleged to have raised over $10 million for the Bar Works fraud, and received over $2.9 million for their efforts. The defendants have been charged in the civil matter with aiding and abetting the fraud conducted by Haddow and Bar Works.