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SEC Charges Florida Man in Astrology-Based Ponzi Scheme

"When Persaud blatantly lied to investors and hid their losses through a Ponzi scheme, he should have known that an SEC enforcement action was in the stars." -Eric I. Bustillo, Director of SEC's Miami Regional Office. The Securities and Exchange Commission ("SEC") charged a...

Florida Woman Receives 30-Year Prison Sentence for $100 Million Ponzi Scheme

In what is thought to be one of the largest sentences given to a female Ponzi schemer, a Florida woman was sentenced to spend the next thirty years in prison for masterminding a $100 million Ponzi scheme. After being convicted earlier this year of fourteen counts of wire fraud, mail fraud, and conspiracy...