LexisNexis® Legal Newsroom
David N. Feldman
Let’s Give Title III Crowdfunding a Chance

It was in many ways the centerpiece of the Jumpstart Our Business Startups (JOBS) Act of 2012. At the signing ceremony all the President could talk about was the idea of “bringing Wall Street to Main Street.” And while the JOBS Act has many...

Jordan D. Maglich
Trial Begins Friday for 20-Year Old Nightclub Owner Accused of $500,000 Ponzi Scheme

Trial begins Friday for a Connecticut teenager accused of operating a Ponzi scheme that duped friends and family - including his parents - out of $500,000. Ian Bick, now 20, is facing eleven counts of wire fraud, three counts of money laundering, and...

Jordan D. Maglich
Ohio Couple Charged With $70 Million Ponzi Scheme

An Ohio husband and wife face criminal and civil actions on charges that they operated a massive Ponzi and pyramid scheme that is believed to have taken in at least $70 million from nearly 500 victims. An indictment returned by an Ohio federal grand jury...

Jordan D. Maglich
Florida Woman Gets 9-Year Sentence for $25 Million Ponzi Scheme

A Florida woman whose company promised weekly returns of up to 50% will spend the next nine years in prison after pleading guilty to running an elaborate Ponzi scheme. Jenifer Hoffman, 51, pleaded guilty earlier this year to charges of conspiracy to commit...

Kevin M. LaCroix
SEC Adopts Final Crowdfunding Rules

On October 30, 2015, by a 3-1 vote, the SEC adopted final rules to permitting small companies to raise funds by selling shares to the investing public through crowdfunding offerings conducted on Internet fundraising portals. In this long-awaited vote...

State Net
More States Looking to ‘Go Green’ In Spite of Banking Woes

by Rich Ehisen This Tuesday, Ohio voters will go to the polls to decide whether to legalize recreational and medicinal marijuana use. But even if the Buckeye State becomes the 24 th (along with the District of Columbia) to legalize some form of marijuana...