Topic
ponzi schemes
626 published works
The Securities Law Blog
SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme
The Securities and Exchange Commission today charged Ernest Ossei Boateng and two New Jersey-based companies he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, for allegedly raising approximately…
Compliance Building
Is Failure to Disclose Misappropriation Committing Securities Fraud?
The charges against Mark D. Hanf and Hoai-Nam Chu Phan at the California-based Pacific Private Money Group LLC looked liked a fairly regular investment scheme gone bad, turned into a…
The Securities Law Blog
SEC Charges San Francisco Bay Area Private Fund Executives with Multimillion Dollar Ponzi-Like Scheme
The Securities and Exchange Commission today charged Mark D. Hanf, the former CEO of Novato, California-based Pacific Private Money Group LLC (PPMG), and Hoai-Nam Chu Phan, the former COO of…
Investigation Counsel
Canadian Film Financier Charged in Alleged $100M U.S. Ponzi Scheme
Canadian film financier Jason Cloth has been charged in the United States with seven counts of wire fraud for allegedly defrauding investors of more than US$100 million through a scheme…
Investigation Counsel
Brampton Man Charged in Alleged $1.4M Ponzi Scheme Targeting Elderly Victims
A Brampton man has been charged in connection with an alleged Ponzi-style investment scheme that police say targeted elderly victims and resulted in more than $1.4 million in reported losses.…
Investigation Counsel
B.C. Ponzi Scheme Operator Arrested in Georgia After $300M Investor Collapse
Greg Martel, the Victoria, B.C. mortgage broker behind a Ponzi scheme that brought in more than $300 million from investors, has been arrested in the country of Georgia. Martel has…
Ponzi Perspectives
Ponzi Perspectives: Q1 2026 Roundup
By Jarrod D. Shaw, Nellie E. Hestin, Haley Usenick Smith, Megan Price
Since 2021, McGuireWoods’ Ponzi Litigation team has used the Ponzi Perspectives blog to track Ponzi-related complaints in federal and state courts, analyze key decisions affecting claims against financial institutions, and…
Securities Fraud Lawyer Blog
Ponzi Schemes in Florida: How to Recognize One and Recover Your Losses
If you invested money with someone who promised consistent, above-market returns and now you cannot get your money back or get a straight answer about where it went, you may…
JURIST
Georgia man pleads guilty to $380 million Ponzi scheme
A Georgia man pleaded guilty to wire fraud in US federal court on Wednesday after engineering “the largest Ponzi scheme in Georgia history,” defrauding over 2,000 investors of over $380…
Oil and Gas Fraud Lawyer Blog
Andrew Middlebrooks Ponzi Scheme: 3 Warnings for Dallas Investors
The Andrew Middlebrooks Ponzi Scheme is not just about stealing money from unsuspecting investors; it is also a case where the investment scammer was a horrible investor. Occasionally, the investment…