SEC Deals For $4M Finalized In $30M Ponzi Scheme Suit

Law360 (October 14, 2020, 7:49 PM EDT) -- A Florida federal court entered final judgments Tuesday on settlements worth more than $4 million in a U.S. Securities and Exchange Commission suit over an alleged $30 million Ponzi scheme operated by two diamond companies and a purported cryptocurrency business that targeted investors in the U.S. and Canada.

U.S. District Judge Robin L. Rosenberg entered permanent injunctions against father-and-son business partners Harold and Jonathan H. Seigel. The judge also ordered Harold Seigel and his company H.S. Management LLC to pay nearly $4 million they received from diamond merchants Natural Diamonds Investment Co. and Eagle Financial Diamond Group Inc., and purported cryptocurrency...

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

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!