The Securities and Exchange Commission filed a securities fraud lawsuit against a firm owned by a member of the Warm Springs Tribes of Oregon.

The SEC says Deni Leonard and his firm Global Development Corp. duped investors of $2 million. Leonard touted deals with tribes that didn't exist, according to the lawsuit, filed in federal court in San Francisco, where the firm is based.

IGDC was traded on the stock market. It has been temporarily suspended due to noncompliance of financial reporting requirements, The San Francisco Chronicle reported.

Leonard is a graduate of Harvard University�s Kennedy School of Government, according to an online biography [Link].

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SEC says S.F. firm was built on fraud (The San Francisco Chronicle 9/14)