Up until 2011, La Jolla's George Charles Cody Price had a radio show on KFMB called "The Wealth Weekend Hour."
In 2013, the Securities and Exchange Commission (SEC) charged that on the radio and in documents, Price had falsely represented his professional experience and grossly inflated funds that he had under management.
He had raised $18.8 million from investors. The SEC charged him with fraudulent misrepresentation and other securities law violations. In mid-July of this year, a federal court judge approved a settlement in which Price and his company agreed to pay $1.1 million to the SEC. He is enjoined from making untrue statements and employing schemes to defraud in any securities activity.
As is typical in such arrangements, he neither admitted nor denied the allegations in the complaint.