Securities and Exchange Commission v. BNZ One Capital, LLC, et al. was filed in the United States District Court for the Central District of California on October 28, 2021 claiming Defendants violated the antifraud provisions of the Securities Act, the
Ponzi Perspectives
Analysis, Impact, and Outlook on Ponzi Scheme Litigation
Ponzi Perspectives, published by McGuireWoods LLP, focuses on legal developments related to Ponzi scheme litigation. The blog tracks and analyzes complaints filed in federal and state courts, covering cases involving traditional and emerging Ponzi schemes, including those related to cryptocurrency, clean energy tax credits, and other alternative investments. It discusses government enforcement actions by agencies such as the SEC and CFTC, as well as civil litigation initiated by defrauded investors and court-appointed receivers. The blog also addresses legal standards for claims against financial institutions accused of aiding and abetting fraud, and provides insights into trends and practical considerations for parties involved in Ponzi-related disputes.
Latest from Ponzi Perspectives - Page 7
New Complaint – Marfleet v. Hardin, et al.
Marfleet v. Hardin, et al. was filed in the Western District of Tennessee on October 20, 2021. The complaint alleges Defendants operated a nationwide real estate Ponzi scheme that defrauded investors by falsely promising “secured” real estate investments and above-market…
New Complaint – Lowry, et al. v. Edelman, et al.
Lowry, et al. v. Edelman, et al. was filed in the U.S. District Court for the Southern District of New York on September 21, 2021, claiming securities fraud and various state-law causes of action based on a fraudulent scheme to…
New Complaint – SEC v. Woods, et al.
Securities and Exchange Commission v. Woods, Livingston Group Asset Management Company d/b/a Southport Capital, and Horizon Private Equity, III, LLC was filed in the United States District Court for the Northern District of Georgia on August 20, 2021. The SEC…
New Complaint – SEC v. Bullard, et al.
SEC v. Bullard, et al. is a new complaint filed by the SEC in the District of Minnesota on August 27, 2021. The complaint alleges Jason Dodd Bullard and his wife Angela Romero-Bullard (the “Bullards”), the owners of Bullard Enterprises…
New Complaint – SEC v. MJ Capital Funding, LLC, et al.
By Jenny Yi
Securities and Exchange Commission v. MJ Capital Funding, LLC, et al. was filed in the United States District Court, Southern District of Florida on August 9, 2021, claiming that defendant Johanna M. Garcia ran a Ponzi scheme using her companies…
New Complaint – Fatime Abdel-Fakhara v. The State of Vermont
Fatime Abdel-Fakhara, et. al. v. The State of Vermont, et. al., was filed in the United States District Court for the District of Vermont on August 24, 2021 by investors claiming that the State of Vermont and several individual Defendants…
Ponzi Schemes: A Growing Hazard in Film Financing
Ponzi schemes focused on fake investment opportunities are nothing new. Bernie Madoff, Allen Stanford and Tom Petters are now household names. But there has been a particular rise of Ponzi schemes specifically in the film and video content industry that…
New Complaint – Mills v. Trustmark National Bank, et al.
Mills v. Trustmark National Bank, et al. was filed in the Southern District of Mississippi on August 19, 2021 by a receiver appointed on behalf of companies engaged in a scheme to defraud investors by producing false deeds for the…
New Complaint – Puleo, et al. v. Nelson, et al.
Puleo, et al. v. Nelson, et al. was filed in the Central District of California on August 10, 2021, seeking damages based on more than thirty claims for violation of various state and federal securities laws, elder financial abuse, fraud,…