The U.S. Securities and Exchange Commission (SEC) has leveled charges against Oklahoma entrepreneur Anthem Hayek Blanchard, alleging he provided fabricated information about his tech company to draw millions in investments.
According to the SEC’s lawsuit, filed on September 23, 2024, Blanchard and his firm, Anthem Holdings, deceived investors by falsely claiming they had secured multi-million dollar government contracts, made up revenue forecasts, and overstated business growth opportunities.
The SEC argues that the fabrications were straightforward falsehoods aimed at investor deception, rather than intricate financial manipulations. The case, titled Securities and Exchange Commission v. Anthem Hayek Blanchard and Anthem Holdings Company, case number 2:24-cv-02437, has been filed in the U.S. District Court for the District of Kansas, though a trial date has not yet been scheduled.
The SEC’s filing states, “Relying on these fabrications, the Defendants managed to raise over $5 million from unsuspecting investors.” Many of these investors are based in Kansas and have suffered complete loss of their funds.
Since the SEC initiated civil proceedings, Blanchard has consistently denied any misconduct. He has yet to formally respond to the charges in court. Requests for comments from Blanchard by the Examiner-Enterprise went unanswered.
Court documents indicate that his company was bankrupt prior to the SEC’s legal actions. In 2024, Blanchard’s business partners disclosed to the...
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