April 02, 2020
An alleged Ponzi schemer can't shake the U.S. Securities and Exchange Commission's suit accusing him of scamming investors out of nearly $1 million after a Massachusetts federal judge found Wednesday that the promissory notes he offered are, in this case, securities.
October 31, 2019
A New Jersey man accused of using investor money from a Ponzi scheme to pay for lavish purchases, including a boat, argued Wednesday that a U.S. Securities and Exchange Commission suit against him should be tossed because the promissory notes he issued are not actually securities.
August 05, 2019
A 25-year-old New Jersey man used investor funds from a Ponzi scheme to pay off other investors, cover his credit card debt and buy himself a boat, according to a criminal complaint unsealed Monday and a corresponding civil action filed in Boston federal court.