The SEC announced today that it filed an enforcement action against Travis L. Wright of Salt Lake City, Utah. Wright allegedly carried out an offering fraud in which he raised nearly $145 million from approximately 175 investors, promising investors their funds would be used only to make loans secured by commercial real estate.

But, the SEC says, Wright misappropriated all but $6 million of the $145 million, using it on just about everything but loans secured by commercial real estate. The "signature" alleged misappropriation has to be a loan to a company called Candwich to develop a "sandwich in a can," but there are several others laid out by the SEC, Reuters reports, including:

an investment in a company he owned with his brother to distribute a film about the Cub Scout's Pinewood Derby

investments in companies that sell watches online and rose petals that carry printed sentiments

loans to friends

$15 million spent on trips to at least 12 countries for family members and friends, a home in an exclusive suburb (upgraded with $133,000 of landscaping and imported French cobblestones for the driveway), and as much as $20,000 of "discretionary spending money" per month for his wife.