Home / Cases / Ponzi schemes / Page 5 Ponzi schemes enforcement actions This library records 532 enforcement actions tagged ponzi schemes. A Ponzi scheme pays returns to earlier investors from later investors' money rather than from genuine profits, which is investment fraud with no market involvement and no price to manipulate.
Actions are listed newest first. Each row links to a case page carrying the regulator's own release and, where one was published, the complaint. For how this technique works and what statute it engages, read the ponzi schemes technique page.
Actions 100
Total penalties $211m
Median penalty $600k
Largest $147m
Criminal parallel 47% Action Agency Filed Penalty Status SEC v. Dawn J. Bennett and DJB Holdings LLC (paid stock promotion, 2017) SEC 2017-08-28 — filed CFTC v. South Carolina Resident Thomas Lanzana (ponzi schemes, 2017) CFTC 2017-08-25 — filed SEC v. Robert Cortez Marshall (ponzi schemes, 2017) SEC 2017-08-16 — filed SEC v. Louis Martin Blazer III (ponzi schemes, 2017) SEC 2017-08-10 — judgment SEC v. Joey Stanton Dodson (ponzi schemes, 2017) SEC 2017-07-26 — judgment SEC v. Cheryl L. Jones (ponzi schemes, 2017) SEC 2017-07-03 — filed SEC v. Edwin Yoshihiro Fujinaga and MRI International, Inc., et al. (ponzi schemes, 2017) SEC 2017-06-15 — appealed SEC v. Homero Joshua Garza, GAW Miners, LLC, and ZenMiner, LLC (ponzi schemes, 2017) SEC 2017-06-05 — judgment SEC v. Mark A. Jones (ponzi schemes, 2017) SEC 2017-05-25 $160k judgment SEC v. William J. Wells and Promitor Capital Management LLC (ponzi schemes, 2017) SEC 2017-05-25 — settled SEC v. Francisco Illarramendi, Highview Point Partners, LLC and others (ponzi schemes, 2017) SEC 2017-05-24 $1m judgment SEC v. Murakami, et al. (ponzi schemes, 2017) SEC 2017-05-22 — filed SEC v. Chamroonrat, et al. (ponzi schemes, 2017) SEC 2017-05-11 — filed SEC v. William R. Schantz III and Verto Capital Management LLC (ponzi schemes, 2017) SEC 2017-05-04 — settled SEC v. Mark J. Varacchi, et al. (ponzi schemes, 2017) SEC 2017-05-01 — judgment SEC v. Patrick Churchville, et al. (ponzi schemes, 2017) SEC 2017-03-17 — filed SEC v. FX & Beyond Corporation et al. (ponzi schemes, 2017) SEC 2017-02-21 — judgment SEC v. Patrick O. Howard, et al. (ponzi schemes, 2017) SEC 2017-02-16 — unknown CFTC v. Carlos Javier Ramirez and His Companies (ponzi schemes, 2017) CFTC 2017-02-15 — filed SEC v. Varacchi, et al. (ponzi schemes, 2017) SEC 2017-02-02 — filed CFTC v. Florida Residents Anthony J. Klatch II and Lindsey Heim (ponzi schemes, 2017) CFTC 2017-01-27 — judgment SEC v. Herman Ronnie Young, Jr. d/b/a Race Cycler (ponzi schemes, 2017) SEC 2017-01-27 — judgment SEC v. Charles A. Bennett (ponzi schemes, 2017) SEC 2017-01-18 — unknown SEC v. Gregory W. Gray, Jr., et al. (ponzi schemes, 2017) SEC 2017-01-12 — judgment SEC v. Chamroonrat, et al. (ponzi schemes, 2016) SEC 2016-12-22 — filed CFTC v. Former CBOE Member Alvin (ponzi schemes, 2016) CFTC 2016-12-01 $12.4m judgment SEC v. Blackbird Capital Partners, LLC, et al. (ponzi schemes, 2016) SEC 2016-11-30 — unknown SEC v. Neman and Shervin Neman Financial, Inc. (ponzi schemes, 2016) SEC 2016-11-29 — judgment SEC v. Capital Financial Partners, LLC et al. and others (ponzi schemes, 2016) SEC 2016-11-22 — unknown SEC v. Gary R. Purwin, CPA (ponzi schemes, 2016) SEC 2016-11-21 $20k settled CFTC v. New Jersey Residents Alcibiades Cifuentes and Jennifer Wee Cifuentes (ponzi schemes, 2016) CFTC 2016-10-01 — filed SEC v. Ikenna Ikokwu, et al. (ponzi schemes, 2016) SEC 2016-09-30 — filed SEC v. Mark A. Jones (ponzi schemes, 2016) SEC 2016-09-20 — unknown SEC v. BOKF, NA (ponzi schemes, 2016) SEC 2016-09-09 $600k judgment SEC v. Peterson and Curtis A. (ponzi schemes, 2016) SEC 2016-08-23 $7.5k settled SEC v. Damon M. Barnes and Cathy S. Barnes (ponzi schemes, 2016) SEC 2016-08-16 — settled SEC v. Daniel J. Bean (ponzi schemes, 2016) SEC 2016-08-16 $7.5k settled SEC v. Jeremy D. Barnes (ponzi schemes, 2016) SEC 2016-08-16 — settled SEC v. John L. Shipley (ponzi schemes, 2016) SEC 2016-08-16 $7.5k settled SEC v. Joshua M. Beauregard and Jennifer M. Beauregard (ponzi schemes, 2016) SEC 2016-08-16 — settled SEC v. Patrick Churchville (ponzi schemes, 2016) SEC 2016-08-05 — filed SEC v. Traffic Monsoon et al. (ponzi schemes, 2016) SEC 2016-07-28 — filed SEC v. Jeffery A. McCollum and JNL Oilfield Instruments, LLC (ponzi schemes, 2016) SEC 2016-07-27 $160k settled SEC v. Blount and John Steven (ponzi schemes, 2016) SEC 2016-07-22 — unknown CFTC v. Naples (ponzi schemes, 2016) CFTC 2016-07-06 $7.5m judgment CFTC v. Former CBOE Member Alvin Guy Wilkinson and his Connecticut-based Entities (ponzi schemes, 2016) CFTC 2016-06-29 — filed SEC v. Malcolm Segal (ponzi schemes, 2016) SEC 2016-06-24 — judgment CFTC v. Haena Park and Her Companies Phaetra Capital GP LLC (ponzi schemes, 2016) CFTC 2016-06-04 — filed SEC v. JSG Capital Investments, LLC, et al. (ponzi schemes, 2016) SEC 2016-05-31 — filed SEC v. David B. Kaplan, Esq., et al. (ponzi schemes, 2016) SEC 2016-05-27 — unknown SEC v. Louis Martin Blazer III (ponzi schemes, 2016) SEC 2016-05-06 — settled SEC v. Marquis Properties LLC, Chad Deucher and Richard Clatfelter (ponzi schemes, 2016) SEC 2016-05-05 — filed SEC v. Ariel Quiros, et al. (ponzi schemes, 2016) SEC 2016-04-14 — unknown SEC v. John Scott Clark (ponzi schemes, 2016) SEC 2016-03-31 — filed SEC v. Daniel Rivera, et al. (ponzi schemes, 2016) SEC 2016-03-30 $160k judgment SEC v. Mark A. Jones (paid stock promotion, 2016) SEC 2016-03-16 — filed SEC v. Aequitas Management, LLC, et al. (ponzi schemes, 2016) SEC 2016-03-11 — dismissed SEC v. Edwin Yoshihiro Fujinaga and MRI International, Inc., et al. (ponzi schemes, 2016) SEC 2016-03-09 — judgment CFTC v. unnamed respondents (ponzi schemes, 2016) CFTC 2016-02-09 $8.2m judgment SEC v. Marquis Properties, LLC (ponzi schemes, 2016) SEC 2016-01-21 — unknown CFTC v. Defendant Nikolai S. Battoo (ponzi schemes, 2016) CFTC 2016-01-14 $147m judgment SEC v. Trudy R. Gilmond (ponzi schemes, 2015) SEC 2015-12-08 — unknown SEC v. National Note of Utah and Wayne L. Palmer (ponzi schemes, 2015) SEC 2015-12-04 $1.1m unknown SEC v. Homero Joshua Garza (ponzi schemes, 2015) SEC 2015-12-01 — filed SEC v. James A. Torchia et al. (ponzi schemes, 2015) SEC 2015-12-01 — settled CFTC v. Navinder Sarao (benchmark submission rigging, 2015) CFTC 2015-11-07 $1.6m judgment SEC v. William M. Apostelos, et al. (ponzi schemes, 2015) SEC 2015-10-30 — unknown SEC v. Diverse Financial Corp., et al. (ponzi schemes, 2015) SEC 2015-10-29 — unknown SEC v. Summit Trust Company, et al. (ponzi schemes, 2015) SEC 2015-10-27 — judgment SEC v. James N. Fry (ponzi schemes, 2015) SEC 2015-10-26 — settled CFTC v. John R. Bullar (ponzi schemes, 2015) CFTC 2015-10-21 — unknown CFTC v. Watson (ponzi schemes, 2015) CFTC 2015-10-21 $27m judgment SEC v. Garfield Taylor, Inc., et al. (ponzi schemes, 2015) SEC 2015-10-08 $150k judgment SEC v. Charles Riel III and REinvest LLC (ponzi schemes, 2015) SEC 2015-09-30 — filed SEC v. Jason Mogler, et al. (ponzi schemes, 2015) SEC 2015-09-15 — filed SEC v. Joseph Paul Zada (ponzi schemes, 2015) SEC 2015-09-11 — appealed SEC v. Eric Aronson, et al. (ponzi schemes, 2015) SEC 2015-09-02 $250k judgment SEC v. Johnson Lambert LLP and Bradley Scott Diericx, CPA (ponzi schemes, 2015) SEC 2015-08-31 — settled CFTC v. Ron Earl McCullough (ponzi schemes, 2015) CFTC 2015-08-29 $2.5m judgment SEC v. Palladino, et al. (ponzi schemes, 2015) SEC 2015-08-13 — unknown SEC v. David J. Boden, Esq. (ponzi schemes, 2015) SEC 2015-08-05 — filed CFTC v. Keith F. Simmons (ponzi schemes, 2015) CFTC 2015-08-01 — settled SEC v. DFRF Enterprises LLC, et al. (ponzi schemes, 2015) SEC 2015-07-23 — filed SEC v. Michael R. Enea (ponzi schemes, 2015) SEC 2015-07-20 — judgment CFTC v. Defendant Carl David Wright (ponzi schemes, 2015) CFTC 2015-07-11 $1m settled SEC v. Luca International Group, LLC, et al. (ponzi schemes, 2015) SEC 2015-07-06 $25.5k settled SEC v. Malcolm Segal (ponzi schemes, 2015) SEC 2015-07-01 — filed CFTC v. Illinois Resident Nick A. Wurl and His Company Ludiera Capital LLC (ponzi schemes, 2015) CFTC 2015-06-25 — filed SEC v. Phil Donnahue Williamson (ponzi schemes, 2015) SEC 2015-06-23 — judgment SEC v. Equity Trust Company (ponzi schemes, 2015) SEC 2015-06-16 — judgment SEC v. Capital Financial Partners, LLC et al. Will D. Allen and Susan C. Daub (ponzi schemes, 2015) SEC 2015-06-15 — judgment SEC v. North Dakota Developments, LLC, Robert L. Gavin, and Daniel J. Hogan, et. al. (ponzi schemes, 2015) SEC 2015-05-06 — filed CFTC v. North Carolina Resident Barry C. Taylor and His Companies (ponzi schemes, 2015) CFTC 2015-05-01 — filed SEC v. Veros Partners, Inc., et al. (ponzi schemes, 2015) SEC 2015-04-24 — filed CFTC v. Florida Resident Dorian A. Garcia and his Companies (ponzi schemes, 2015) CFTC 2015-04-21 — filed SEC v. James A. Evans, Jr., d/b/a Cashflowbot.com, d/b/a DollarMonster (ponzi schemes, 2015) SEC 2015-04-13 — unknown SEC v. Capital Financial Partners, LLC et al. (ponzi schemes, 2015) SEC 2015-04-07 — unknown SEC v. Gregory W. Gray, Jr., et al. (ponzi schemes, 2015) SEC 2015-03-27 — filed SEC v. John A. Geringer (paid stock promotion, 2015) SEC 2015-02-23 — judgment SEC v. Kristine L. Johnson, Troy A. Barnes, Work with Troy Barnes, Inc. (d/b/a) The Achieve Community, Defendants, and Achieve International, LLC, Relief Defendant (ponzi schemes, 2015) SEC 2015-02-18 — unknown
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