MIAMI — A Florida executive whose family business once owned Playgirl magazine has pleaded guilty to conspiracy to commit securities fraud for misleading investors in another of his companies — one that made high-interest loans to small businesses.
Ruderman also admitted diverting investors' money to businesses benefitting him and his family, without investors’ knowledge, the department said. The SEC said 1 Global was formed in 2013 and owned by the Ruderman Family Trust. The SEC said the trust also owned other businesses, including Digi South, which “used to own Playgirl and other adult magazines.” Digi South used the same address as 1 Global and “received approximately $805,000 in investor funds from 1 Global for no consideration or legitimate services,” the SEC said.
Jan Douglas Atlas, 78, of Fort Lauderdale, Florida, a lawyer, pleaded guilty in 2019 to conspiracy to commit wire fraud and securities fraud. He was sentenced to eight months in prison and ordered to pay more than $29 million in restitution.A dog walker began to fight with her neighbor.