Tag Archives: Ponzi

Charlotte, North Carolina Man Indicted In Ponzi Scheme

Nickolas Godfrey was accused of operating a ponzi scheme through his company, Coast to Coast Business Funding, which he falsely represented was successful and generating revenue by providing short-term cash advances to businesses. He allegedly collected more than $1 million … Continue reading

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SEC Charges Operators of Woodbridge with Running $1.2 Billion Ponzi Scheme

On December 21, 2017, the Securities and Exchange Commission (“SEC”) formally announced charges, as well as an asset freeze, against the Woodbridge Group of Companies (“Woodbridge”) and its related unregistered investment funds, as well against Woodbridge’s owner and former CEO, … Continue reading

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eDiscovery Trends: Madoff Ponzi Scheme Case Documents May Be Turned Over to eData Rooms and Special Masters

The trustee responsible for coordinating the recovery of assets and data involved in Bernard L. ("Bernie") Madoff's $65 billion Ponzi fraud investigation is presently seeking to secure special masters and create an "eData room" to ensure that the enormous volume … Continue reading

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Perry's Ponzi Problem?

By Mike Dorf If unemployment remains at or near its current levels a year from now, it's hard to imagine President Obama winning re-election, unless the Republicans nominate someone widely perceived to be a maniac, in which case Obama likely … Continue reading

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SEC accuses Florida pair of $22 million Ponzi scheme

SEC accuses Florida pair of $22 million Ponzi scheme The SEC announced today that it has charged James Davis Risher and Daniel Joseph Sebastian with operating a Ponzi scheme through their private equity fund. The Florida firm allegedly took more … Continue reading

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