Heide, 65, of Lake Worth, Florida, the former 1 Global chief financial officer, pleaded guilty in 2019 to one count of conspiracy to commit securities fraud. 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.įour of Ruderman’s co-conspirators previously pleaded guilty for their roles in the 1 Global fraud, the Justice Department said.Īlan G. The SEC said 1 Global was formed in 2013 and owned by the Ruderman Family Trust. Ruderman admitted spending 1 Global investors’ money on credit card payments, vacation travel, drivers, nannies, housekeepers, tuition, mortgage payments, luxury car payments and insurance payments for his art collection and jewelry, the Justice Department said in a news release Friday 3, and he faces up to five years in prison and forfeiture of more than $250 million.

Court records show sentencing is set for Jan. Ruderman pleaded guilty Thursday in federal court in Miami. Federal authorities said he took part in a $250 million scheme that affected more than 3,400 investors in 42 states. Ruderman, 82, was chairman and chief executive officer of 1 Global Capital LLC, a commercial lending company that filed for bankruptcy in July 2018. MIAMI (AP) - 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.Ĭarl R.

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