Daniel Pacheco’s iPro Network fraud settlement tops $2 million

Daniel Pacheco’s iPro Network fraud settlement with the SEC has topped $2 million dollars.

As previously reported Pacheco
settled fraud charges with the SEC
last December.

As per the terms of a filed September 6th Final Judgment, Pacheco (right) is subject to a permanent injunction prohibiting further violations of the Securities and Exchange Act.

On the money side of things, Pacheco is

liable for disgorgement of $1,814,479, representing net profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $82,859.07, and a civil penalty in the amount of $207,183.

Pacheco’s total monetary penalties comes to $2,104,521.07.

iPro Network
was an MLM pyramid scheme Pacheco launched in 2017.

The SEC
filed suit against Pacheco
in 2019, alleging iPro Network was a $26 million pyramid scheme.

Pacheco’s settlement with the SEC brings Daily Exposed’s coverage of iPro Network to a close.

🤖 Quick Answer

What was the total amount of Daniel Pacheco's SEC fraud settlement?

What penalties did Pacheco face under the Final Judgment?
Under the September 6th Final Judgment, Pacheco faced a permanent injunction prohibiting further Securities and Exchange Act violations. He was required to disgorge $1,814,479 in net profits plus $82,859.07 in prejudgment interest, and pay a civil penalty of $207,183, totaling over $2.1 million in monetary sanctions.

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