SEC v. Irfan Mohammed, No. LR-26443, Central District of Illinois (Dec. 15, 2025) — Press Release
raw: Irfan Mohammed
Irfan Mohammed, No. 1:25-cv-01499 (Dec. 15, 2025)
summary
Irfan Mohammed settled SEC charges for a $585,000 Ponzi-style fraud targeting the Islamic community in Central Illinois through his company, Dgtal World LLC.
paragraph
Irfan Mohammed faces charges for violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934. He allegedly misappropriated $585,000 by falsely claiming Dgtal World LLC had successful overseas payment processing operations. The settlement requires Mohammed to pay $385,220 in disgorgement, $70,640 in interest, and a $70,000 civil penalty.
narrative
The SEC filed a settled action against Irfan Mohammed for orchestrating a fraudulent scheme that raised approximately $585,000 from the Islamic community in Central Illinois. Between 2021 and 2023, Mohammed used Dgtal World LLC to falsely claim successful overseas payment processing operations to attract investors. He misappropriated these funds for personal expenses and unrelated businesses, utilizing a Ponzi-style structure to make sham payments to investors. Mohammed is charged with violating the Securities Act of 1933 and the Securities Exchange Act of 1934. To settle the matter, he agreed to a judgment including a permanent injunction and a conduct-based ban on securities issuance. His financial remedy consists of $385,220 in disgorgement, $70,640 in prejudgment interest, and a $70,000 civil penalty.
Classified ponzi(confidence 100%). EDGAR detection: forms Form D· recall 35% / precision 15%. detection rule →
Parties
JohnsonMonterey Financial Services, Inc.
Keywords
irfan mohammedirfanmohammedsecuritiessecurities exchangesecexchangedecember securitiesexchange commissionsettled actionaction againstcentral illinoisillinois irfanwithout admittingadmitting denying
Exhibits & Attached Documents (1)
Extracted insights
Dollar amounts 4
- $585K $585,000 $100K–$1M
- $385K $385,220 $100K–$1M
- $71K $70,640 $10K–$100K
- $70K $70,000 $10K–$100K
Entities 9
- person david nasse
- person investor funds
- person irfan mohammed
- person liz marshall anderson
- person matthew b. reisig
- person pei y. chung
- agency Securities and Exchange Commission
- agency the sec's investigation
- person tim england
Triples 13
- Securities And Exchange Commission filed settled action against Irfan Mohammed
- Irfan Mohammed obtained approximately $585,000
- Irfan Mohammed misappropriated investor funds
- Irfan Mohammed violated Section 17(a) of the Securities Act of 1933
- Irfan Mohammed violated Section 10(b) of the Securities Exchange Act of 1934
- Irfan Mohammed agreed to pay disgorgement of $385,220
- Irfan Mohammed agreed to pay prejudgment interest of $70,640
- Irfan Mohammed agreed to pay civil penalty of $70,000
- Liz Marshall Anderson conducted the SEC's investigation
- Matthew B. Reisig conducted the SEC's investigation
- Tim England supervised the SEC's investigation
- David Nasse supervised the SEC's investigation
- Pei Y. Chung supervised the SEC's investigation
PDF (from attached: complaint)
Text layers
Extracted body text (2,363c)
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26443 / December 15, 2025Securities and Exchange Commission v. Irfan Mohammed, No. 1:25-cv-01499 (C.D. Ill. filed Dec. 12, 2025)SEC Files Settled Action Against Irfan Mohammed for Alleged Offering FraudOn December 12, 2025, the Securities and Exchange Commission filed a settled action against Peoria, Illinois resident Irfan Mohammed, alleging that he engaged in a fraudulent scheme through which he obtained approximately $585,000 from members of the Islamic community in Central Illinois. Irfan Mohammed consented to the entry of a judgment without admitting or denying the SEC’s allegations.According to the SEC’s complaint, from at least January 2021 through March 2023, Irfan Mohammed received investments based on false representations to investors that his company, Dgtal World LLC, had successful operations offering a payment processing system overseas and that he was expanding these services to companies in the United States. In fact, according to the complaint, Dgtal World had no operations, and Irfan Mohammed misappropriated investor funds for an unrelated business and to pay for his personal expenses. As alleged, Irfan Mohammed lulled investors into thinking their investments were generating a return by using investor funds to make sham payments to investors, including at least one Ponzi payment.The SEC’s complaint, filed in the U.S. District Court for the Central District of Illinois, charges Irfan Mohammed with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Without admitting or denying the SEC’s allegations, Irfan Mohammed agreed to settle the SEC’s charges. The settlement, which will be filed with the court and is subject to the court’s approval, would permanently enjoin Irfan Mohammed from violating the charged provisions of the federal securities laws, impose a conduct-based injunction enjoining him from the issuance, offer, purchase or sale of securities outside of trading through his personal account, and order him to pay disgorgement of $385,220 with prejudgment interest of $70,640, and a civil penalty of $70,000.The SEC’s investigation was conducted by Liz Marshall Anderson and Matthew B. Reisig, and was supervised by Tim England, David Nasse, and Pei Y. Chung.
OCR text (2,363c · html-text · 99% conf)
U.S. SECURITIES AND EXCHANGE COMMISSIONLitigation Release No. 26443 / December 15, 2025Securities and Exchange Commission v. Irfan Mohammed, No. 1:25-cv-01499 (C.D. Ill. filed Dec. 12, 2025)SEC Files Settled Action Against Irfan Mohammed for Alleged Offering FraudOn December 12, 2025, the Securities and Exchange Commission filed a settled action against Peoria, Illinois resident Irfan Mohammed, alleging that he engaged in a fraudulent scheme through which he obtained approximately $585,000 from members of the Islamic community in Central Illinois. Irfan Mohammed consented to the entry of a judgment without admitting or denying the SEC’s allegations.According to the SEC’s complaint, from at least January 2021 through March 2023, Irfan Mohammed received investments based on false representations to investors that his company, Dgtal World LLC, had successful operations offering a payment processing system overseas and that he was expanding these services to companies in the United States. In fact, according to the complaint, Dgtal World had no operations, and Irfan Mohammed misappropriated investor funds for an unrelated business and to pay for his personal expenses. As alleged, Irfan Mohammed lulled investors into thinking their investments were generating a return by using investor funds to make sham payments to investors, including at least one Ponzi payment.The SEC’s complaint, filed in the U.S. District Court for the Central District of Illinois, charges Irfan Mohammed with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Without admitting or denying the SEC’s allegations, Irfan Mohammed agreed to settle the SEC’s charges. The settlement, which will be filed with the court and is subject to the court’s approval, would permanently enjoin Irfan Mohammed from violating the charged provisions of the federal securities laws, impose a conduct-based injunction enjoining him from the issuance, offer, purchase or sale of securities outside of trading through his personal account, and order him to pay disgorgement of $385,220 with prejudgment interest of $70,640, and a civil penalty of $70,000.The SEC’s investigation was conducted by Liz Marshall Anderson and Matthew B. Reisig, and was supervised by Tim England, David Nasse, and Pei Y. Chung.