FELON ADVISER USED ALIAS, DRAINED $5M FOR POOL AND PONZI!

SEC v. Terrence Chalk — U.S. Securities and Exchange Commission Litigation Release No. 26540, dated April 27, 2026.

The SEC charged Terrence Chalk with operating a Ponzi-like offering fraud, raising approximately $5 million from 40 investors. Chalk, using the alias "Dr. Terrence Cash," allegedly promised high returns from a fictitious "Chairman's Fund" but instead used most of the money for personal expenses and Ponzi payments. Chalk has now been permanently enjoined from future violations and ordered to pay disgorgement, which is deemed satisfied by a restitution order in a related criminal case.

In Plain English

Imagine someone promised to invest your money in a special club that made lots of money, but they actually spent most of it on themselves and used some of it to pay off earlier investors to keep the lie going. That's what happened here. The government stepped in to stop this person from doing it again and ordered them to pay back what they took, though that amount is being handled in a separate criminal case.

Disclaimer: all facts are drawn from the SEC's own filings; the claims described are allegations unless and until a court rules or the parties settle, and some cases end in dismissal.

How the Alleged Scheme Worked

1. Establish a Fake Identity Terrence Chalk, a convicted felon, used the alias 'Dr. Terrence Cash' to hide his past and present himself as a financial coach and investment adviser.
2. Create a Fictitious Fund Chalk promoted a fraudulent investment fund he called the 'Chairman's Fund,' marketing it as an 'elite' opportunity that promised 'quarterly cash dividends that average between 12%-77% per year.'
3. Sell Unregistered Securities Using entities he owned and controlled, like Greenlight Advantage Group Inc. and Greenlight Business Solutions Inc., Chalk offered and sold securities related to the Chairman's Fund to investors in unregistered transactions.
4. Raise Millions Fraudulently Between 2017 and 2020, Chalk and his associated companies fraudulently raised approximately $5 million from about 40 investors by selling these unregistered securities.
5. Misappropriate Investor Funds Instead of investing the money as promised, Chalk used only a fraction for unprofitable ventures and spent nearly $1 million on personal expenses, including luxury car payments, jewelry, and a swimming pool installation.
6. Operate a Ponzi Scheme Chalk used approximately $1.8 million of investor money to make Ponzi-like payments to earlier investors, attempting to sustain the illusion of a legitimate investment.

The Enforcement Action

SEC Obtains Final Consent Judgment as to Investment Adviser for Allegedly Operating a Ponzi-like Offering Fraud. On April 15, 2026, the United States District Court for the Southern District of New York entered a final consent judgment against Terrence Chalk. The judgment enjoins Chalk from violating securities laws and orders him liable for disgorgement of $1,731,423 and prejudgment interest of $13,078.64, with such amounts deemed satisfied by the restitution order entered against Chalk in United States v. Chalk, No. 21-cr-00049 (ALC) (S.D.N.Y.).

Named in this action: Terrence Chalk.

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