Marked as
Published - January 5, 2026
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Onyx Capital Advisors LLC, a Detroit-based private equity firm once led by Roy Dixon Jr., was charged by the U.S. Securities and Exchange Commission for fraudulently misappropriating millions of dollars invested by three public pension funds, withdrawing funds for personal use and making false and misleading statements to investors; a court later ordered disgorgement and civil penalties after finding violations...
Owner
High Risk
Based on the available data, we advise consumers to avoid this Company altogether.
This advisory is based on an aggregate risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You are likely to be at great risk by engaging in any sort of consumer-related activity with this entity.
Medium Risk
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we urge investors and bankers to avoid financial involvement with this Company.
This advisory is informed by an aggregate risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Engaging in investment or lending activities with this entity poses a substantial risk to your financial interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Farr Penalty
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Scandal Involvement
Investigation Agency
Court Jurisdiction
The SEC obtained a final judgment requiring over $9.5 million in penalties and disgorgement against the firm and its principals for securities law violations.
Approximately $23.8 million was raised from three Detroit-area public pension funds for a private equity fund.
They misappropriated investor money for personal and unrelated business expenses under false pretenses.
False and misleading statements were made about management fees and investment principals to induce funding.
Excess management fees were withdrawn arbitrarily instead of being deducted quarterly per agreement.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
In this article, Roy R. Dixon is accused of misleading people about helping list their MTNs on Euroclear.
First Detected
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Primary Keyword
Man who bribed Kilpatrick pal with trip sentenced to prison
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
Trusts / Nominee arrangements
Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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According to the SEC, Onyx Capital and its associates raised about $23.8 million from three public pension funds and diverted money to personal and related business expenses instead of legitimate investments.
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The company’s founder, Roy Dixon Jr., and Onyx were found to have misappropriated money under the guise of management fees and used it for personal expenses, including a multimillion‑dollar home.
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