September was an active month for Ponzi litigation with nearly a dozen new complaints filed alleging fraudulent investment activity. The SEC continues to drive Ponzi-related litigation; in addition to four enforcement actions brought last month, previous SEC litigation precipitated several complaints filed by investors and court-appointed receivers. Consistent with the trends discussed in Ponzi Perspective’s
New Complaints
Notable Litigation – August 2023
By Zachary McCamey on
Posted in New Complaints
Notable litigation filed during August 2023 includes: (1) SEC v. Rocha; (2) Legum v. Garfinkel, et al.; and (3) SEC v. Conn. Jr.
SEC v. Rocha, No. 1:23-cv-11779-LTS (D. Mass.)
The SEC filed suit against the schemer defendant for losses arising from an alleged Ponzi wherein the defendant promised to invest the…
Notable Litigation – July 2023
By Jenny Yi on
Posted in New Complaints
Notable litigation filed during July 2023 includes: (1) O’Keefe v. Multicoin Cap. Mgmt. LLC; (2) Bledsoe v. Order of Magnitude Ventures LLC; (3) O’Keefe v. Farmington State Bank; and (4) SEC v. Tadrus.Continue Reading Notable Litigation – July 2023
Notable Litigation – June 2023
By Max Bogost on
Posted in New Complaints
Notable litigation filed during June 2023 includes: (1) Bowman v. Unibank; (2) SEC v. Baston; (3) Hafen v. Guyon, et al.; (4) SEC v. Royal Bengal Logistics, et al.; (5) Decimal Capital Partners v. Benavente; and (6) Agri Capital v. Soberal, et al.
Bowman v. Unibank, No. 2:23-cv-00971-JCC (W.D.
…Notable Litigation – May 2023
By Cameron Comer on
Posted in New Complaints
Notable litigation filed during May 2023 includes: (1) SEC v. Bartlett; (2) SEC v. Griffin; (3) Warrow v. Turnipseede; and (4) Commodity Future Trading Commission v. Galles.
SEC v. Bartlett, Case No. 8:23-cv-00765 (C.D. Cal.)
The SEC filed suit against defendant schemers in California federal court for an alleged scheme…
Notable Litigation – April 2023
By Alexandra Farley on
Posted in New Complaints
Notable litigation filed during April 2023 includes: (1) SEC v. French, et al., (2) Gary Kennedy v. Ghap, LLC, et al., (3) Abanda v. OurBloc LLC, et al., (4) Sunrise NPL, LLC v. Easy Financial, LLC, et al., and (5) Joseph v. General Conference Corporation of Seventh Day Adventist et al.Continue Reading Notable Litigation – April 2023
Notable Litigation – March 2023
By Alec Covington on
Posted in New Complaints
Notable litigation filed during March 2023 includes: (1) SEC v. Woodard; (2) SEC v. Kaplan; (3) James Bay Resources Limited, et al. v. Lockett & Horwitz, et al.; (4) Miklos v. McNamara, et al.; and (5) Scura, et al. v. Heppner, et al.
SEC v. Woodard, Civ. No. 1:23-cv-00112 (D.
…Notable Litigation – February 2023
By Kelsey Haines on
Posted in New Complaints
Notable litigation filed during February 2023 includes: (1) Tell v. Modica Microindustries, Inc. and (2) Pelham v. VBit Technologies Corp., et al.Continue Reading Notable Litigation – February 2023
Notable Litigation – January 2023
By Alex Scandroli on
Posted in New Complaints
Notable litigation filed during January 2023 includes: (1) SEC v. Engel; (2) Firestone, et al. v. Residential Properties Resources Fund II, LLC, et al.; (3) Ellusionist Cash Balance Plan and Trust, et al. v. Spiegel Accountancy Corp., et al.; and (4) SEC v. Ellison-Meade.
SEC v. Engel, Civ. No. 2:23-cv-00213-PA-JPR
…Notable Litigation – December 2022
By Haley Usenick Smith on
Posted in New Complaints
Notable litigation filed during December 2022 includes: (1) Eichler v. Vbit Technol. Corp;. (2) SEC v. Fernandez, et al.; (3) Vincent v. Barber, et al.; (4) O’Dowd v. Barber, et al.; (5) Nguyen v. Barber, et al.; (6) M. Manni v. Barber, et al.; (7) J. Manni v. Barber, et al.; and (8) Ames, et al. v. Nelson, et al.Continue Reading Notable Litigation – December 2022