July 25, 2023
A Florida federal judge on Tuesday rejected a consent judgment proposed by the U.S. Securities and Exchange Commission against diamond merchants and a cryptocurrency venture involved in a $30 million Ponzi scheme, calling the proposal "potentially unenforceable" under Eleventh Circuit precedent.
March 22, 2021
The U.S. Securities and Exchange Commission asked Friday for a final judgment of $4.5 million in disgorgement against the ringleader of a $30 million Ponzi scheme run through diamond merchants and a cryptocurrency venture.
February 11, 2021
The U.S. Securities and Exchange Commission moved Thursday for the entry of a judgment in Florida federal court imposing a permanent injunction and monetary relief against three companies for their roles in an alleged $30 million Ponzi scheme, marking a significant step toward payments to victims.
October 14, 2020
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.
July 06, 2020
Defendants in a U.S. Securities and Exchange Commission suit over an alleged $30 million Ponzi scheme told a Florida federal court Monday that a receiver for companies involved in the case is holding up their settlement with the government, but the receiver said he is just trying to do his job.
May 21, 2019
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.