The founder and CEO of online tutoring company Students of Strength Inc. agreed to pay more than $222,500 to end an SEC suit, according to federal court documents filed in Massachusetts. Rahsaan King and his company allegedly raised $1 million from investors while falsely describing Students of Strength, which had “very few customers,” as “thriving,” the Securities and Exchange Commission told the U.S. District Court for the District of Massachusetts. The defendants didn’t admit wrongdoing as part of their settlement. King misrepresented the company’s historical revenue, current cash flow, assets, liabilities, operations, and “the numbers of tutors hired and… To read the full article log in. Learn more about a Bloomberg Law subscription.