Category: Ponzi Schemes

Cleveland Investment Adviser Charged in $10 Million Investment Scheme

By Courtney Werning, Esq. Raymond Erker, an investment adviser in Westlake, Ohio, was charged on September 3rd of stealing from clients in an investment scheme. According to federal prosecutors, Erker, with two of his associates, sold investments in entities called GenSource and Provident to at least 54 investors. Prosecutors alleged that he raised nearly $10… read more

Ponzi Scheme Clawback Actions – Forcing Victims to Right Other People’s Wrongs

By: Courtney Werning, Esq. A Ponzi scheme’s collapse almost always leads to a bankruptcy, receivership, or some other formal liquidation proceedings.  In these proceedings, a trustee or receiver is charged with collecting as much funds as possible to pay creditors and defrauded investors.  Among the methods used to recover assets are claims against investors who… read more

Tampa Investment Firm EquiAlt Accused of Running 170M Ponzi Scheme

The US Securities and Exchange Commission (SEC) recently accused a Tampa real estate investment firm and its founder of operating a Ponzi scheme. Federal regulators have sued EquiAlt and its owner and chief executive officer, Brian Davison, alleging that they raised $170 million from approximately 1,140 investors and then misappropriated millions of those dollars to… read more

Emergency Freeze Against Today’s Growth Consultants For Running $75M Ponzi Like Scheme

The US Securities and Exchange Commission (SEC) recently announced that they have obtained a restraining order and filed an emergency enforcement action against Today’s Growth Consultant Inc. as well as company owner, Kenneth D. Courtright III. Courtright was arrested on criminal fraud charges in addition to the securities fraud charges brought by the SEC. It… read more

Stark County Financial Advisor Convicted on 53 Felony Counts for Operating $1.7M Ponzi Scheme

Ohio investment and securities fraud attorneys at Meyer Wilson discuss the conviction of former Stark County Financial Advisor Kimm C. Hannan, who bilked $1.7 million from investors as part of a Ponzi scheme. If you’ve lost money due to fraud or misconduct, call the firm.

10 Years After Bernie Madoff Arrest: A Look at the Largest Ponzi Scheme in History

Investment fraud attorneys at Meyer Wilson take a look back at Bernie Madoff’s elaborate Ponzi scheme 10 years after his arrest. To discuss a potential case of your own, call the firm to request a consultation.

Financial Fraud is on the Rise According to Officials, Scamming Billions of Dollars from Investors

It’s been nearly a decade since the $65 billion Ponzi scheme orchestrated by Bernard Madoff, and while there was a temporary dip in the number of similar schemes in the wake of that massive theft, securities officials are reporting that scams are on the rise again.

$5 Million Ponzi Scheme Defrauds Investors

A Virginia investment firm is charged with an alleged Ponzi scheme fraud. For help with investment fraud loss, contact the attorneys at Meyer Wilson today.

Hedge Fund Ponzi Scheme Leads to More than $15 Million in Losses

Our firm has secured more than $350 million in verdicts and settlements for our clients over the years, and we know what it takes to fight for and secure the maximum compensation possible. Don’t wait to get the legal help you need.

Residents of Marion County, Ohio File Class Action Lawsuit Against Five Brokers, Bank of America Over Alleged Ponzi Scheme

If you were the victim of fraud, our attorneys at Meyer Wilson are ready to help. We have successfully secured more than $350 million for our clients, and we are committed to providing you with the experienced and knowledgeable representation you deserve.