Bank Of Baku

SEC halts alleged $34M Ponzi scheme

SEC halts alleged $34M Ponzi scheme
# 26 June 2010 11:29 (UTC +04:00)
Baku – APA. The government said Friday it obtained a court order to halt an alleged $34 million Ponzi scheme targeting federal employees and law enforcement agents nationwide with promises of safe investments in a nonexistent bond fund, Associated Press reported.

The Securities and Exchange Commission said the order issued Thursday by a federal judge in Miami also froze the assets of the estate of the late Kenneth Wayne McLeod, his consulting firm Federal Employee Benefits Group of Jacksonville, Fla., and an affiliated investment firm. The SEC alleged that McLeod and the firms defrauded an estimated 260 investors starting in 1988.
1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED