Securities fraud lawyer explains how “America’s Most Wanted”
led to the arrest of a couple who disappeared after an alleged
Ponzi scheme 12 years ago.
Nelson Grant Hallahan and Janet Hallahan were arrested on Saturday, May 5th, in Tonopah, Arizona. The Hallahans have apparently been on the run for
twelve years, avoiding sentencing after pleading guilty in a Ponzi scheme
case. According to the U.S. Marshals Service, the couple was arrested
on tips received after they were featured on a recent episode of “America’s
The Hallahans allegedly ran a Ponzi scheme that targeted vulnerable investors.
The couple drew in investors by promising very
high returns, but the Hallahans are instead accused of using the money coming in from
new investors to pay off prior investors. It has been reported that the
Hallahans used investors’ cash to lead a very lavish lifestyle that
included yachts, jewelry, luxury cars and more.
David Gonzales, U.S. Marshal for Arizona, stated after the arrest that,
“The 12-year run from justice of the Hallahans, also known as the
'Mini Madoffs,' has come to an end. Their investment scams involving
family, friends, and the elderly, ruined many lives.” The couple
had originally disappeared in early 2000 after pleading guilty to fraud
charges in Illinois. Approximately $1.2 million was owed to investors
at that time.
securities fraud attorneys with Meyer Wilson represent victims of Ponzi schemes nationwide in
stockbroker mediation, arbitration, and litigation. We have over 50 years of collective experience
helping investors recover their losses after investment scams, and we
look forward to putting that experience to work for you.