Jeremiah Beguesse, Former Berone Capital LLC Broker, Tied To SEC Case About Misappropriation

Jeremiah Beguesse (CRD: 6121650), a former securities broker in Atlanta, Georgia, is among the defendants in an SEC case involving alleged misuse of investor funds and possible investor losses. Beguesse worked with Alexander Capital L.P. from May 2020 through August 2021. Here's a closer look at the allegations and his alleged role.

SEC Alleges Jeremiah Beguesse Misused Hedge-Fund Assets

On May 7, 2026, the U.S. Securities and Exchange Commission filed Case No. 1:26-CV-23237 against Jeremiah Beguesse and other defendants. The SEC alleges that Beguesse, through Berone Capital LLC, helped misuse hedge-fund assets tied to purported high-yield investment programs. The SEC is seeking penalties, disgorgement, and other monetary relief. The case remains pending.

SEC Alleges Fraudulent Investment Scheme In Case Against Jeremiah Beguesse

The SEC alleges that three purported high-yield investment programs raised more than $26 million from at least 31 investors. Investors were allegedly promised unusually large short-term profits, little or no risk, and the prompt return of their principal. The SEC says the programs never existed and that millions of dollars in investor money were diverted.

SEC Claims Investors Lost More Than $6 Million

The SEC alleges that Patrick Allen ran the first two programs with help from others. Investors were allegedly told their money would support financial instruments involving European banks. Instead, the SEC alleges that Allen diverted substantial funds for personal use, causing more than $6 million in investor losses. Participants allegedly concealed that the money had not been legitimately invested.

SEC Details $20 Million Investment In Jeremiah Beguesse Case

Specifically, for the third program, the SEC alleges that participants secured a $20 million investment without a reasonable basis to believe they could carry out the proposed arrangement. The SEC says the money was never placed in a legitimate investment program and that some of it was diverted or squandered.

SEC Alleges Jeremiah Beguesse And Berone Misused Fund Assets

The SEC alleges that defendants including Beguesse and Berone Capital participated in two of the programs. Particularly, investor money was required to stay in a hedge fund they managed and was not supposed to be spent or depleted, according to the SEC.

The defendants linked to Berone allegedly allowed other participants to divert investor funds. The SEC also alleges that they breached fiduciary duties and violated fund documents by diverting hedge fund assets for personal benefit.

Concerned About Investment Losses Involving Jeremiah Beguesse?

Investors who believe they suffered losses because of Jeremiah Beguesse can contact Soreide Law Group online or at (888) 760-6552 to discuss potential recovery with a securities attorney. Specifically, Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Beguesse denies the SEC's allegations. Alexander Capital L.P. is not named as a defendant in the case.