Charles Banks Settles with SEC

Earlier this week Charles Banks, founder of Terroir Capital, pled guilty to securities fraud and reached a settlement with the Securities and Exchange Commission.BACKGROUND. Charles is facing two separate, but related lawsuits. He pled guilty in April to wire fraud in federal court in San Antonio, after being indicted on four counts of wire fraud in September as a result of his business with former NBA player Tim Duncan [see WSD 04-03-2017]. Tim sued Charles for allegedly urging him to