SEC Obtains Emergency Asset Freeze, Charges Businessman With Operating a Ponzi-Like Scheme

The Securities and Exchange Commission today announced that it filed an emergency enforcement action and obtained a temporary restraining order and asset freeze against Illinois resident Kenneth D. Courtright, III and his company, Todays Growth Consultant Inc., in connection with an alleged Ponzi-like scheme that raised at least $75 million from more than 500 investors throughout the United States and abroad. According to the SEC's complaint, from at least 2017 through at least October 2019, TGC, which also operated under the name "The Income Store," and Courtright, the company's founder and current chairman, promised investors an endless minimum guaranteed rate of return on revenues generated by websites.