SEC: Houston Bizman Defrauds Investors in Kenyan Clean Water Project

In August 2017, Houston businessman Verley Lee Sembritzky, Jr. proclaimed that God sent him to Kenya and gave him a plan to develop a cutting-edge company that would bring clean, low-cost drinking water to 17 million people and make hundreds of millions of dollars for investors.

Sembritzky, who family and friends call Rocky, spent a couple years developing and then promoting the purported Kenyan desalination plant investment project, which needed $175.5 million in funding to become a reality, according to court documents.