Tag Archives: ponzi

DoJ Charge VC in $8mn Ponzi

On Jun. 14, DoJ charged venture capital fund for $8mn Ponzi. David Wagner and Marc Lawrence, were arrested on securities and wire fraud charges stemming from their several corporate entities (known to as Downing). Charges Defendants offered employee-investors the opportunity to get in on the ground floor of a multi-million-dollar venture capital business, in healthcare…
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DoJ $1.5bn Japan and US Ponzi

On Apr. 18, 2019, DoJ said two investment executives were extradited by Japan. Junzo Suzuki and son Paul Suzuki, 40, were charged in 2015 indictment re fraud. Japan arrested Suzukis in Jan 2019 at US request and extradited them on Apr. 17. Junzo Suzuki previously was an executive VP for Asia Pacific of MRI International.…
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SEC $1.2bn Woodbridge Ponzi

On Apr. 11, SEC, DoJ charged Woodbridge owner in $1.2bn Ponzi. Two former Woodbridge Group directors Ivan Acevedo and Dane Roseman were arrested and charged by authorities, with the Woodbridge owner Robert Shapiro. Follows SEC Jan. 2019 court order to Woodbridge pay $1bn settlement, #52374. Charged with conspiracy for mail and wire fraud, money laundering,…
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CFTC Choi Forex Ponzi CTA Fraud

On Mar. 18, 2019, CFTC entered order of final judgment against Choi, Apuro, JCI. Pay $1.12mn restitution to defrauded customers, $1.12mn civil monetary penalty. Had also imposed permanent trading and registration bans against the defendants. CFTC issued several customer protection fraud advisories on fraud warning signs, including Forex fraud advisory, a sharp rise in Forex…
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SEC $1.2bn Woodbridge Ponzi

On Dec. 19, SEC charged additional¬†brokers in Woodbridge Ponzi. Charges against further 13 brokers, who sold Woodbridge securities to investors. Also charged 10 companies who had unlawfully sold these Woodbridge securities. Woodbridge Background Woodbridge collapsed into bankruptcy in Dec. 2017. and SEC previously charged company, its sowner and others with operating $1.2bn Ponzi scheme. 13…
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DoJ $1.5bn Japan and US Ponzi

On Nov. 29, DoJ announced conviction for a $1.5bn Japan Ponzi. MRI investment company CEO, Edwin Fujinaga, solicited fraudulent investments. Medical collection business was located in Las Vegas, Nevada, and Tokyo, Japan. Allegeed Violations Fujinaga solicited $1bn in investments in MRI from over 10,000 Japan residents. Investors wired funds from Japan into accounts in US,…
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