David Blaine is an illusionist, often referred to as a modern-day Houdini. So may be David Blaine Welliver, an investment advisor and operator of a mutual fund based in Buffalo, Minnesota, if the SEC is to be believed.

The SEC filed a complaint in Minnesota federal court against Welliver and his eponymously named Dblaine Capital for borrowing $4 million and and placing a portion in worthless securities, as a requirement of the lending, and not disclosing this to investors.

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