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Retired Teachers Scammed In Ponzi Scheme – Securities Law

In New Jersey investment fraud can happen in a number of ways. Two of the most prevalent scams are "Pyramid" and "Ponzi" schemes.A pyramid scheme is formed when a promoter collects money from a certain number of people and instructs them to collect more money from others.

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Similar schemes. (In fact, failure to recruit typically means no investment return.) A Ponzi scheme claims to rely on some esoteric investment approach and often attracts well-to-do investors, whereas pyramid schemes explicitly claim that new money will be the source of payout for the initial investments.

Going Public LawyerOn June 1, 2014, the Securities and Exchange Commission (SEC) announced it had brought charges in a Ponzi Scheme. According to the SEC Charges, the scheme was orchestrated by an investment adviser who took siphoned money from his investment fund and defrauded investors, including several local teachers and law enforcement officers.

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Retired Teachers Scammed In Ponzi Scheme – Securities Law. investigated numerous cases forms uniform residential loan application freddie Mae form 1003 7/05 Shape. april 17th The scheme involved consumer debt portfolios the SEC said.. of whom were current and former pro athletes, retirees and financial advisors.. BARRY MILLER LAW REIGNS.

Woodbridge's owners kept the scam going, the SEC said, by using. and a ” conservative retirement and income planning class” they taught at a. Her husband, a 63-year-old retired teacher, said the money “was to be a big.

Among his investors were several retired local law enforcement officers and teachers who were looking to put their savings in safe investments. Williamson allegedly used the money he solicited for the Sterling Investment Fund, which supposedly invested in properties and mortgages in Georgia and Florida, to run his Ponzi scheme.

The U.S. Securities and Exchange Commission (SEC) has taken action against what it alleges is a $30 million cryptocurrency scam based.

Shipments From Florida To Needy Venezuelans More Difficult And Expensive – NPR – VenezuelaNews A recent segment on NPR is an excellent representation of some of the mischief that promotion of unscientific medical treatments can create. The title is a good summary of the problem: “To Curb Pain Without Opioids, Oregon Looks To Alternative Treatments. The entire segment is premised around a false dichotomy, between excess use of opioids and unproven alternative treatments.

Seven years ago today, Bernie Madoff was arrested for orchestrating the most devastating Ponzi scheme in US history. Unfortunately, many of Madoff’s victims still haven’t seen the restitution they.

Affinity fraud scams which targets affinity-based religious and community groups. Greater ministries officials told investors that state and federal securities laws did. A former Sunday school teacher swindled at least thirty-three people, many of. to 30 years for bilking thirty retirement-age investors out of nearly $6 million.