Securities and Exchange Commission v. Woods et al

  1. August 30, 2023

    SEC Claims CPA Aided Ga. Adviser's $110M Ponzi Scheme

    The U.S. Securities and Exchange Commission hit an accountant with civil fraud charges in Georgia federal court Wednesday, accusing the certified public accountant of helping aid a convicted former Oppenheimer & Co. adviser's $110 million Ponzi scheme that targeted elderly retirees.

  2. April 26, 2023

    Horizon Receiver Wants To Pursue $110M Ponzi's 'Net Winners'

    The court-appointed receiver of a Georgia company used in a massive $110 million Ponzi scheme has asked an Atlanta federal judge to authorize her to claw back Ponzi payments from so-called "net winners" in the scheme and from a purported "strawman" employee of the company.

  3. March 24, 2023

    Ga. Investment Adviser Cops To $110M Fraud Scheme

    A Georgia-based investment adviser has pled guilty to masterminding a $110 million Ponzi scheme that has left hundreds of victims with more than $25 million in losses, federal prosecutors said Friday.

  4. January 25, 2023

    Ga. Judge Orders $18M Payout To Ponzi Scheme Investors

    A Georgia federal judge approved an $18 million payout to more than 400 investors in a private equity firm accused of swindling clients out of over $100 million in a Ponzi scheme that stretched more than a decade.

  5. November 15, 2022

    2 Cos. Ordered To Pay $66M Over 'Massive' Ponzi Scheme

    A pair of companies will pay a total of $65.9 million to end U.S. Securities and Exchange Commission claims that they were instrumental in a $110 million Ponzi scheme spanning more than a decade and affecting 400 investors.

  6. August 24, 2021

    Judge Freezes Assets Tied To Alleged $110M Ponzi Scheme

    A Georgia federal judge temporarily froze the assets of an investment fund at the center of an alleged $110 million Ponzi scheme on Tuesday, partially granting a government request aimed at protecting the interests of more than 400 predominantly retired investors.

  7. August 20, 2021

    SEC Accuses Ga. Adviser Of Running $110M Ponzi Scheme

    The U.S. Securities and Exchange Commission has accused a Georgia investment adviser of operating a decade-long, $110 million Ponzi scheme that the agency says has defrauded over 400 investors and is still ongoing.