SEC Obtains Emergency Relief, Charges Florida Company and CEO …

Apr 26, 2021 · The SEC's complaint, filed on April 20, 2021, and unsealed today, charges the defendants with violating the antifraud and registration provisions of the federal securities …

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Local Couple, Real Estate Firm Charged In Alleged $56M Ponzi Scheme

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Aug 27, 2024 · The SEC said that a substantial portion of the funds came from investors' retirement savings. ... real estate firm charged in alleged $56M Ponzi scheme ... for the …

bizjournals.com

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South Florida Woman Sentenced In Nearly $200 Million Ponzi …

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On December 3rd, 2024, the United States Department of Justice (DOJ) announced that a South Florida woman has been sentenced for her role in a nearly $200 million Ponzi scheme. …

carlson-law.net

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SEC Charges Broward Business Owner In Alleged $112 Million Ponzi …

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Jun 27, 2023 · The U.S. Securities and Exchange Commission announced on June 26 charges against a Broward County resident and his Coral Springs-based trucking and logistics …

bizjournals.com

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South Florida Firm Charged By SEC With Running $50M-Plus Ponzi …

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South Florida Firm Charged By SEC With Running $50M-Plus Ponzi Scheme. Barchart · 08/27 13:18. A South Florida couple, one of whom is a convicted felon, is being accused of bilking …

webull.com

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SEC Puts A Stop To Florida Ponzi Scheme That Targeted Seniors

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Dec 31, 2019 · In 2008, Bernie Madoff was caught running a $50 billion Ponzi scheme, which is the largest to date. Unfortunately, this form of fraud remains popular. In the decade since …

silverlaw.com

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A South Florida Woman Is Being Sentenced To 20 Years For Leading …

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Jan 2, 2025 · A South Florida woman was sentenced to 20 years for leading a $190.7M Ponzi scheme — victims were ‘blindsided’ and ‘devastated.’ ... Garcia was recently sentenced to 20 …

moneywise.com

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Owner Of Foreign Currency Trading Firm Pleads Guilty To Running …

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5 hours ago · Henry Abdo, 47, of Lebanon, pled guilty in federal court to orchestrating an over $6 million investment fraud (Ponzi) scheme run through his company, Titanium Capital LLC …

justice.gov

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A South Florida Woman Was Sentenced To 20 Years For Leading A

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A South Florida woman was sentenced to 20 years for leading a $190.7M Ponzi scheme — victims were ‘blindsided’ and ‘devastated.’ Here’s how it worked and how to spot similar scams

msn.com

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SEC Charges Firm In $600 Million Real Estate Ponzi Scheme, …

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On October 13th, 2022, the Securities and Exchange Commission (SEC) announced securities fraud charges against a New Jersey-based real estate development firm and four of its …

carlson-law.net

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#MicroStrategy Hits 446,400 BTC Despite Stock Slump - YouTube

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MicroStrategy now holds 446,400 BTC worth $42B, doubling down on its Bitcoin strategy even as MSTR stock drops 36% from its all-time high. Will Saylor’s bold...

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SEC Halts Multi-Million Dollar Ponzi Scheme In South Florida

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Nov 26, 2019 · Until the SEC took emergency action, Mr. Burkholz and Mr. Bianco were still operating their Ponzi scheme. In 2019 alone, more than $1 million was raised from investors. …

carlson-law.net

FAQs about SEC Obtains Emergency Relief, Charges Florida Company and CEO … Coupon?

Was North Palm Beach investment platform a Ponzi scheme?

Federal prosecutors and the U.S. Securities and Exchange Commission allege that a North Palm Beach-based investment platform was a fraudulent multimillion dollar Ponzi scheme that swindled more than $5.3 million from at least 162 American and foreign investors. ...

How much money did a 'Ponzi scheme' lose?

In the end, about 1,500 investors — from nurses to school teachers to military veterans of mostly Haitian descent — fell for Singh’s sales pitch and lost more than $50 million in what federal prosecutors have described as a “Ponzi scheme.” ...

Are Ponzi schemes a good investment?

The challenge with Ponzi schemes is that they’re not always so obvious. If they were, they’d be more easily avoidable. And it’s not just the wealthy who are targeted for Ponzi schemes — a modest net worth is no protection from scams. First, be careful with any investment where you’re promised a specific return. ...

Did seaman misappropriate investor funds?

“The majority of the funds were used to trade currencies and invested in only one company,” the complaint said. “Mr. Seaman also misappropriated millions of investor funds for his own use, and used millions of additional investor funds to make Ponzi-like distributions to investors. ...

What is the SEC's latest affinity-fraud case?

While the SEC’s latest affinity-fraud case stands out for the size of the alleged Ponzi-like scheme and number of investors, the agency has pursued about a dozen similar enforcement actions over the past decade. Jonathan Borba via Unsplash ...

Does South Florida have 'affinity fraud'?

But South Florida has also become home to “affinity fraud,” authorities say, where investment schemers prey on unsuspecting immigrants and other minorities who tend to trust the perpetrators because they either know them or someone else who vouches for them. ...