February 08, 2024
An Atlanta-area investment adviser who pled guilty to using his companies as vehicles for a $49 million Ponzi scheme has been sentenced to just short of eight years in prison by a Georgia federal judge, the Department of Justice announced Thursday.
January 29, 2024
Federal prosecutors want a Georgia fund manager to spend more than a decade in prison for directing a $110 million Ponzi scheme they claim inflicted massive financial losses and suffering on hundreds of investors, a harsh sentence the financier said overstates his culpability in the fraud.
August 30, 2023
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.
March 24, 2023
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.