Daniel Pacheco’s iPro Network fraud settlement with the SEC has topped $2 million dollars.

As previously reported Pacheco settled fraud charges with the SEC last December.

As per the terms of a filed September 6th Final Judgment, Pacheco (right) is subject to a permanent injunction prohibiting further violations of the Securities and Exchange Act.

On the money side of things, Pacheco is

liable for disgorgement of $1,814,479, representing net profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $82,859.07, and a civil penalty in the amount of $207,183.

Pacheco’s total monetary penalties comes to $2,104,521.07.

iPro Network was an MLM pyramid scheme Pacheco launched in 2017.

The SEC filed suit against Pacheco in 2019, alleging iPro Network was a $26 million pyramid scheme.

Pacheco’s settlement with the SEC brings BehindMLM’s coverage of iPro Network to a close.