Former UGA Coach Accused of Operating a Ponzi Scheme

‘Expert’ analyses and saw-it-with-my-own-eyes observations are worthless until you have done so.

If you sell a car or a television on Craig’s List and the buyer isn’t happy, there isn’t much he or she can do.  You don’t need a license to sell your old car or your old television, and the damage is limited to the price of what you sold. If you are selling investments that meet the legal definition of a “security,” though, you have to have a license, because the damage you can do by selling securities can last for generations. (more…)

CFTC Finds Alleged Ponzi in Ohio

Investment schemes involving supposed trading in foreign currency are always out there.

Most of the enforcement cases we report on come from the U.S. Securities and Exchange Commission (SEC) or state securities regulators.  But the U.S. Commodities Futures Trading Commission (CFTC) also has an effective enforcement division on the lookout for investment fraud.  This week the CFTC announced an enforcement action against what it believes to be a multi-million Ponzi scheme operating on both sides of the U.S./Canadian border.  The CFTC’s press release reads, in part: (more…)

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