Category Archives: Ponzi Schemes
Florida Investors Among those Affected By Real Estate Ponzi Scheme in California
On May 22nd, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges in relation to an alleged real estate Ponzi scheme in California. Kenneth Mattson—the former CEO of an investment entity called LeFever Mattson—is accused of running a $46 million Ponzi-like scheme to take advantage of unsuspecting investors. The SEC contends that… Read More »
Florida Investors Among Victims of Texas-Based Ponzi Scheme
On April 29th, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges against three people from Texas. Regulators determined that they perpetrated a $91 million Ponzi scheme against at least 200 investors. Funds were raised on false pretenses from the Vanguard Holdings Group Irrevocable Trust (VHG). Here, our Miami Ponzi scheme attorney… Read More »
Miami Man Faces Criminal Charges in Ponzi Scheme Case
On April 3rd, 2025, the United States Attorney’s Office for the Southern District of Florida announced that a man from Miami has been arrested and charged with federal criminal offenses as part of a Ponzi scheme case. Pablo Silverio Rebollido—the owner of E-Card Lending LLC—is accused of running a $40 million Ponzi scheme. Here,… Read More »
Report: Florida Saw Surged in Ponzi Scheme Cases in 2024
On February 17th, 2025, the Miami Herald reported that there was a surge in Ponzi scheme cases in the state in 2024. A Ponzi scheme is a form of investment fraud that is structured to pay existing investors with the funds of new investors. All Ponzi schemes will eventually collapse. Within this article, our… Read More »
Man Operated Ponzi Scheme While in Prison, including in Florida
According to a press release from the United States Department of Justice (DOJ), Seth Adam Depiano, a 43-year-old man who is originally from California, is facing charges for allegedly operating a Ponzi scheme while incarcerated in federal prison, including while at a facility in Florida. Mr. Depiano—who was already in prison for fraud—is accused… Read More »
Madoff Victims Receive Final Payout (Nearly 94 Percent Recovery)
According to reporting from the International Business Times, the final payments have been made to the victims of the record-breaking Madoff Ponzi scheme. With these payments—which come more than 15 years after the scheme fell apart—the victims have recovered approximately 94 percent of their losses. Here, our Miami Ponzi scheme lawyer provides a more… Read More »
South Florida Woman Sentenced in Nearly $200 Million Ponzi Scheme
On December 3rd, 2024, the United States Department of Justice (DOJ) announced that a South Florida woman has been sentenced for her role in a nearly $200 million Ponzi scheme. Johanna Michely Garcia—the former Chief Executive Officer (CEO) of an investment company called MJ Capital Funding, LLC—has been sentenced to serve 20 years in… Read More »
SEC Charges Florida Resident in $1.6 Million Ponzi Scheme Case
On October 30th, 2024, the Securities and Exchange Commission (SEC) announced that a Florida resident has been charged as part of a $1.6 million Ponzi scheme. The scheme in question was reportedly targeted at the Serbian-American community. Dusan Varga allegedly used his company Pannon Investment Advisors LLC to defraud investors. Within this article, our… Read More »
SEC Charges Atlanta-Based Financial Advisor With a $300 Million Ponzi Scheme, Florida Investors Were Impacted
On August 14th, 2024, the Securities and Exchange Commission (SEC) announced investment fraud charges against an Atlanta-based financial advisor. Russell Todd Burkhalter stands accused of operating a $300 million Ponzi scheme. The SEC notes that approximately 2,000 investors were affected, including many investors from Florida. Here, our Miami Ponzi scheme attorney provides a more… Read More »
Two Sales Agents in Florida Charged By SEC for Role in $110 Million Ponzi Scheme
On July 19th, 2024, the Securities and Exchange Commission (SEC) confirmed that two sales agents have been charged with fraud in connection with a $110 million Ponzi scheme case. Ricardi Celicourt and Brisly Guillaume are facing charges for violations of federal securities law. Here, our Miami Ponzi scheme lawyer provides a more comprehensive overview… Read More »
