Articles Posted in Ponzi Schemes

On December 21, 2020, the Securities and Exchange Commission (SEC) filed a complaint and emergency action against Sanjeev Acharya and his real estate development company Silicon Sage Builders, alleging a $119 million securities offering fraud. Did You Invest In Silicon Sage Builders Silicon Sage Builders and Acharya developed real estate…

Scott Silver was interviewed in a recent InvestmentNews article about Silver Law Group’s FINRA arbitration claims against the broker dealers who sold GPB Capital private placements to investors. GPB Capital Holdings is a New York-based alternative asset management firm that raised $1.8 billion since it was founded in 2013 by…

Jose Aman, owner of the diamond-backed cryptocurrency Ponzi scheme Argyle Coin, has been indicted on federal wire fraud charges. Aman, who is based in South Florida, also owns two other companies that are linked to Argyle, Natural Diamonds Investment Co. and Eagle Diamond Group Inc. Silver Law Group represents investors…

In June 2020, the U.S. Court of Appeals for the Eleventh Circuit issued an opinion in the case Isaiah v. JPMorgan Chase Bank, N.A. This landmark decision narrowly defines which claims can be brought by a court-appointed receiver for entities that perpetrated a Ponzi scheme, leaving a broad category of…

On July 17, 2020, the Securities and Exchange Commission (SEC), brought fraud charges against David Hu, the co-founder and chief investment officer of International Investment Group (IIG), in Manhattan federal district court. A link to the charges can be found here. The SEC is charging Hu with running multiple fraudulent…

Dustin Shafer (Dustin Paul Shafer) is a currently-registered broker employed by Newbridge Securities Corporation (CRD# 104065) in Springfield, Illinois. He previously worked for Money Concepts Capital Corp (CRD# 12963), Chase Investment Services Corp (CRD# 25574), Banc One Securities Corporation (CRD# 16999), and Edward Jones (CRD# 250). Shafer has been in…

Christopher Parris, who is facing federal charges related to a multi-million dollar Ponzi scheme that robbed hundreds of people of their savings, has now been accused of running a coronavirus scam by taking millions of dollars from people looking for COVID-19 personal protection equipment (PPE). Silver Law Group is a…

Jeffrey Dixson (CRD# 4166311) is a previously registered broker and investment adviser who was last registered with Madison Avenue Securities in Vancouver, Washington. Dixson’s BrokerCheck report includes customer disputes seeking hundreds of thousands of dollars in damages regarding the sale of GPB Capital. Silver Law Group represents investors in claims…

Silver Law Group has been named a “Top Law Firm” in the 2020 edition the South Florida Legal Guide (SFLG), a leading guide to the best attorneys and law firms in the region. Scott Silver, Silver Law Group’s managing partner, was also individually named as a “Top Lawyer”. The lawyers…

A compliance executive at broker-dealer Purshe Kaplan Sterling Investments (CRD# 35747) says she has been the subject of intimidation, including having her car tampered with and being followed, for speaking up about concerns she had regarding GPB Capital Holdings. Silver Law Group represents investors in claims to recover GPB losses.…