The Securities and Exchange Commission (SEC) has filed a lawsuit against Demetrius L. Early.
The SEC’s complaint was submitted on September 29, 2025 at the Texas Southern District Court.
The complaint alleges that , from at least February 2023 through July 2023 (the “relevant period”), Early was the top sales agent involved in a fraudulent, unregistered offering operated by Kevin L. Jefferson through his Cashflow Creation Club (CCC), an investment vehicle in which Jefferson supposedly opened leveraged Forex trading accounts for investors and traded on their behalf.
From at least January 2023 through December 2023, Jefferson raised over $1 million from at least 67 individuals, mostly unaccredited and unsophisticated investors, and including more than ten seniors over the age of 65, and many from the African American community.
Early played a significant role in raising money from investors for the CCC investment opportunity. He was one of Jefferson’s primary sales agents, he personally solicited at least 28 investors and was the top producing sales agent for the CCC capital raised. Jefferson paid Early and other sales agents commissions of up to 50% for their efforts.
In connection with the offering, Early parroted Jefferson’s claim that a $10,000 to $15,000 CCC membership entitled investors to a $200,0000 account balance in a Forex trading account – that Jefferson would trade on the investor’s behalf – and that Jefferson could generate 3-5% monthly returns and quadruple their money within a year through Forex currency trading.
In reality, the $200,000 balance appeared in accounts that allowed for simulated, not live trading, thus the $200,000 did not constitute real funds.
Additionally, none of Jefferson’s personal investments – or those of CCC members – ever achieved profits anywhere near the claimed 3-5% monthly returns. Jefferson also misused investor funds and failed to disclose that most of the funds were not used for investment related purposes.
Of the approximately $1 million raised in total as part of Jefferson’s scheme, Early helped raise approximately $450,000 from the offer and sale of CCC securities and received approximately $200,000 in transaction-based compensation.
Early was not registered with the Commission as a broker or dealer or associated with a registered broker-dealer. Additionally, the CCC membership interests Early offered and sold to investors were not registered with the Commission, nor did they qualify for an exemption from registration.
The SEC accuses Early of violations of Sections 5(a) and 5(c) of the Securities Act of 1933 (“Securities Act”) [15 U.S.C. §§ 77e(a) and 77e(c)] and Section 15(a)(1) of the Securities Exchange Act of 1934 (“Exchange Act”) [15 U.S.C. §78o(a)(1)].
The SEC seeks permanent injunctions, disgorgement with prejudgment interest and a civil penalty against Early.
