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Maryland AG Secures $562,000 Settlement for 17 Investors Defrauded by Otis H. Jackson

Maryland Attorney General Anthony G. Brown announced a $562,000 settlement with Otis H. Jackson and his companies, Social Solutions LLC and SITO Capital LLC, resolving an investigation into an unregistered securities scheme that defrauded 17 investors between 2019 and 2024. Jackson sold promissory notes to investors for a purported affordable housing program in Baltimore's Park Heights neighborhood, misusing funds for personal expenses including mortgage payments, dining, and cash transfers instead of the stated program. Under the Consent Order, Jackson and his companies are permanently barred from Maryland's securities and investment advisory business.

AG Brown Secures $562,000 Settlement for Investors Defrauded in Fake Affordable Housing Scheme

Maryland Attorney General Anthony G. Brown has secured a $562,000 settlement with Otis H. Jackson and his two companies, Social Solutions LLC and SITO Capital LLC, for defrauding 17 investors through an unregistered securities scheme. Between 2019 and 2024, Jackson sold promissory notes falsely claiming to fund an affordable housing program in Baltimore's Park Heights neighborhood, but instead used investor funds for personal expenses including mortgage payments, dining, and cash transfers. Jackson and his companies have been permanently barred from the securities and investment advisory business in Maryland, and the $562,000 civil penalty will be distributed as restitution to affected investors.