SEC Wins Asset Freeze In $30M Gem, Crypto Ponzi Scheme

Law360 (May 21, 2019, 3:11 PM EDT) -- A Florida federal court granted the U.S. Securities and Exchange Commission's bid to shut down an alleged $30 million Ponzi scheme operated by two diamond companies and a purported cryptocurrency business targeting investors in the U.S. and Canada, the agency announced Tuesday.

The SEC obtained a court order freezing the assets of Jose Angel Aman and Harold Seigel, two of three alleged fraudsters who convinced more than 300 investors between 2014 and 2018 to sink funds into diamond merchants Natural Diamonds lnvestment Co. and Eagle Financial Diamond Group lnc. and supposed cryptocurrency venture Argyle Coin LLC.

Aman, Seigel and the diamond...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Subscribers Only

Nature of Suit

Subscribers Only

Judge

Subscribers Only

Date Filed

Subscribers Only

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!