Ponzi Scheme - Going Public Lawyers

$102 Million Ponzi Scheme Charged By SEC

On June 19, 2018, The Securities and Exchange Commission (“SEC”) filed charges and obtained an asset freeze against the individuals and companies behind a $102 million Ponzi scheme that deceived investors throughout the U.S. According to the SEC’s… Read More

SEC Charges Clifton Stanley in Multimillion Dollar Ponzi Scheme Targeting Seniors

On April 6, 2018, the Securities and Exchange Commission charged Clifton Stanley in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees. The SEC’s complaint alleges that, from 2010 to 2017, Clifton… Read More

SEC Charges Niket Shah and Spark Trading for Targeting Retail Investors

On March 23rd the Securities and Exchange Commission announced charges and a preliminary injunction and asset freeze against Niket Shah, a New Jersey resident who it alleges stole more than $250,000 in a Ponzi scheme in which his… Read More

SEC Charges Operators of $1.2 Billion Ponzi Scheme Targeting Main Street Investors

Last month, the Securities and Exchange Commission (“SEC”) announced charges and an asset freeze involving a Boca Raton Ponzi Scheme.  The SEC alleges that the operators  of the fund bilked thousands of retail investors, many of them seniors, in a $1.2 billion Ponzi scheme. SEC… Read More

Cheryl Jones Charged By SEC

On July 3, 2017, the Securities and Exchange Commission (“SEC”) announced charges against Cheryl Jones, a Washington, D.C.-based real estate agent and the sister of convicted Ponzi scheme operator Mark Jones, for selling unregistered securities. The SEC’s complaint,… Read More

Final Judgement Against GAW Miners and ZenMiner

On June 2, 2017, the U.S. District Court for the District of Connecticut entered a final default judgment against two Connecticut-based companies, GAW Miners, LLC and ZenMiner, LLC, in a case alleging that these companies and their principal… Read More

William Allen and Susan Daub Plead Guilty to Wire Fraud

On November 14, 2016 and November 21, 2016, William Allen and Susan Daub pled guilty in federal court to criminal wire fraud and other charges in connection with an investment scheme involving fraudulent loans to professional athletes. The… Read More

Investment Advisor Patrick Churchville Pleads Guilty to Running $21 Million Ponzi

On August 4, 2016, Patrick Churchville, a defendant in an ongoing SEC litigation, pled guilty to an information charging him with five counts of wire fraud and one count of tax evasion in connection with orchestrating a $21… Read More

Charles Scoville & Traffic Monsoon Charged In Ponzi Scheme

On July 26, 2016 the Securities and Exchange Commission (“SEC”) announced that it obtained an asset freeze against the operator of an international Ponzi scheme that raised more than $207 million from investors worldwide, primarily in the U.S., India, and… Read More

JNL Oilfield Instruments and Founder Jeffery McCollum Charged with Operating a Ponzi Scheme

The Securities and Exchange Commission (“SEC”) announced that it has charged Odessa, Texas-based JNL Oilfield Instruments, LLC and its founder Jeffery McCollum with operating a multi-year Ponzi scheme. According to the SEC’s complaint filed in the U.S. District Court… Read More