Articles Tagged: Investment Fraud

 

SEC Alleges $16 Million Ponzi Scheme in New Enforcement Docket

The SEC has added a notable alleged fraud case to its recent enforcement lineup, charging a founder and two New Jersey-based companies in what the agency says was a $16 million Ponzi scheme. The matter appears as part of a broader batch of fresh SEC enforcement activity released in recent days, alongside related administrative and federal court actions that signal the Commission’s continued focus on investor-protection cases with classic fraud themes.

Although the Commission’s “what’s new” postings often package together actions released over several days, this case stands out because of both the alleged size of the scheme and the familiar enforcement theory behind it.

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