When and who reported it to the SEC?
It will be 2-3 years after that occurs, unless the scam transaction level reaches the $10+ Millions level to force immediate SEC attention.
Limited SEC oversight resources ignore the itty bitty conboy scams, too much effort, not enough benefit to monitor.
Yazbeck is smart to limit the con to the long-game slow drip. That was the only reason for the fictitious lawsuit, to force his 3-4 ac'con'plices to slow their cash grabbing. This has enabled Yazbeck to use investor funds as his own for now 5 years, and get investors to cover his salary, life insurance, health insurance, retirement funding, car allowance, daily lunch and social life expenses.