5 Fruits Enterprises Settled Fraud Allegations for $5.3M
A federal judge finalized the payment agreement on September 29, 2026, resolving claims of fake trading bots.
Updated on Oct. 1, 2026 in Financial Crime
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Investors and local residents are seeing the end of a long-running SEC case against Las Vegas-based 5 Fruits Enterprises LLC. The company and its co-managers have agreed to a $5.3 million settlement following allegations of defrauding investors through non-existent automated trading bots.
Why it matters
This settlement concludes a federal fraud case that centered on the misuse of investment capital through false claims of automated trading technology. The outcome serves as a resolution to allegations that originally surfaced in a lawsuit filed last year.
The $5.3 million settlement represents a full resolution of SEC allegations against the firm. The total payment amount is finalized as a joint and several obligation.
The players
5 Fruits Enterprises LLC
A Las Vegas-based firm that faced federal allegations of defrauding investors.
Calvin Guess
A co-manager of 5 Fruits Enterprises LLC who reached a settlement with the SEC.
Marcus Ligon
A co-manager of 5 Fruits Enterprises LLC who reached a settlement with the SEC.
Richard F. Boulware
A federal judge in the District of Nevada who signed the final settlement agreements.
The details
The settlement, approved by Judge Richard F. Boulware, requires 5 Fruits Enterprises LLC and its co-managers, Calvin Guess and Marcus Ligon, to pay $5.3 million. The case stemmed from an SEC lawsuit initiated in September 2025 that accused the firm of fabricating the performance and existence of automated trading bots to solicit capital. The court's signature on the final judgments marks the conclusion of the litigation process in the District of Nevada.
Timeline
September 2025: The SEC filed the initial lawsuit against 5 Fruits Enterprises LLC.
September 29, 2026: Judge Richard F. Boulware signed the final settlement judgments.
Beyond the Strip
This case mirrors the 2025 SEC enforcement actions against automated investment platforms that claimed to use proprietary software. It marks a significant effort by the commission to curb fraudulent investment schemes operating within the local business community.
Business owners and investors should note the importance of validating claims regarding automated trading performance before committing capital. The resolution of this case removes a source of potential investor harm that had been under federal scrutiny since 2025.
The takeaway
Investors should always verify the technical claims made by firms offering automated trading services. Monitor the District of Nevada court records to see if further updates are released regarding the disbursement of the $5.3 million payment.
Further reading
For more information on regional enforcement, visit the Financial Crime section.
Source note: This article includes information reported by Bloomberglaw.
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