Irfan Mohammed
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U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 26443 / December 15, 2025 Securities and Exchange Commission v. Irfan Mohammed, No. 1:25-cv-01499 (C.D. Ill. filed Dec. 12, 2025) SEC Files Settled Action Against Irfan Mohammed for Alleged Offering Fraud On December 12, 2025, the Securities and Exchange Commission filed a settled action against Peoria, Illinois resident Irfan Mohammed, alleging that he engaged in a fraudulent scheme through which he obtained approximately $585,000 from members of the Islamic community in Central Illinois. Irfan Mohammed consented to the entry of a judgment without admitting or denying the SEC’s allegations. According to the SEC’s complaint, from at least January 2021 through March 2023, Irfan Mohammed received investments based on false representations to investors that his company, Dgtal World LLC, had successful operations offering a payment processing system overseas and that he was expanding these services to companies in the United States. In fact, according to the complaint, Dgtal World had no operations, and Irfan Mohammed misappropriated investor funds for an unrelated business and to pay for his personal expenses. As alleged, Irfan Mohammed lulled investors into thinking their investments were generating a return by using investor funds to make sham payments to investors, including at least one Ponzi payment. The SEC’s complaint, filed in the U.S. District Court for the Central District of Illinois, charges Irfan Mohammed with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Without admitting or denying the SEC’s allegations, Irfan Mohammed agreed to settle the SEC’s charges. The settlement, which will be filed with the court and is subject to the court’s approval, would permanently enjoin Irfan Mohammed from violating the charged provisions of the federal securities laws, impose a conduct-based injunction enjoining him from the issuance, offer, purchase or sale of securities outside of trading through his personal account, and order him to pay disgorgement of $385,220 with prejudgment interest of $70,640, and a civil penalty of $70,000. The SEC’s investigation was conducted by Liz Marshall Anderson and Matthew B. Reisig, and was supervised by Tim England, David Nasse, and Pei Y. Chung. Resources <ul class="field
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"District Court for the Central District of Illinois, charges Irfan Mohammed with violating Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder."
"Without admitting or denying the SEC’s allegations, Irfan Mohammed agreed to settle the SEC’s charges."
"Irfan Mohammed, No. 1:25-cv-01499 (C.D."
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"The settlement, which will be filed with the court and is subject to the court’s approval, would permanently enjoin Irfan Mohammed from violating the charged provisions of the federal securities laws, impose a conduct-based injunction enjoining him from the issuance, offer, purchase or sale of securities outside of trading through his personal account, and order him to pay disgorgement of $385,220 with prejudgment interest of $70,640, and a civil penalty of $70,000."
"The settlement, which will be filed with the court and is subject to the court’s approval, would permanently enjoin Irfan Mohammed from violating the charged provisions of the federal securities laws, impose a conduct-based injunction enjoining him from the issuance, offer, purchase or sale of securities outside of trading through his personal account, and order him to pay disgorgement of $385,220 with prejudgment interest of $70,640, and a civil penalty of $70,000."
"The settlement, which will be filed with the court and is subject to the court’s approval, would permanently enjoin Irfan Mohammed from violating the charged provisions of the federal securities laws, impose a conduct-based injunction enjoining him from the issuance, offer, purchase or sale of securities outside of trading through his personal account, and order him to pay disgorgement of $385,220 with prejudgment interest of $70,640, and a civil penalty of $70,000."