U.S. charges investment adviser in $110 million ponzi scheme -SEC

by Aurelia Butler 25 August 2021, 14:11 139 Views

WASHINGTON (Reuters) – The U.S. Securities and Exchanges Commission has accused a Georgia investment adviser in a $110 million Ponzi scheme that drew money from more tha 400 investors in 20 states, according to a statement on Wednesday.

The SEC obtained a temporary restraining order and asset freeze from the U.S. District Court for the Northern District of Georgia against John Woods and two entities he controls, the commission statement said.

Source: Economy - investing.com

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U.S. charges investment adviser in $110 million ponzi scheme -SEC

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