Silver Law Group Investigating Alleged Ponzi Scheme Harbor City Capital & Founder Jonathan P. Maroney

Silver Law Group, a national securities and investment fraud law firm that represents Ponzi scheme victims, is investigating Harbor City Capital Corp. and its founder, Melbourne, Florida resident Jonathan P. Maroney (JP Maroney, Jonathan Paul Maroney), for running an alleged Ponzi scheme.

Jonathan P. Maroney Alleged To Have Sold Unregistered Fraudulent Securities

An emergency action filed April 20, 2021, by the Securities and Exchange Commission (SEC) in federal court in the Middle District of Florida alleges that Maroney used Harbor City Capital, a purported “online lead generation campaign business,” and a number of entities to raise $17.1 million through offerings of unregistered fraudulent securities. Jonathan P. Maroney allegedly used those proceeds to maintain his Ponzi scheme and for his personal use.

Maroney, 50, sold unregistered fraudulent securities as either promissory notes, fixed-rate funding agreements, or high yield, secured bonds while promising investors monthly returns ranging from 1 percent to 5 percent—and annual returns from 10 percent to 60 percent. Through marketing videos and social media, Jonathan P. Maroney ensnared over 100 victims across the United States, according to the SEC.

According to the State of Alabama, Harbor City Capital Corporation or Harbor City Digital Ventures and Jonathan P. Maroney are out to deceive Alabamians and profit off unsuspecting investors by using dazzling marketing tactics to sell unregistered bonds. In 2020, the Alabama Securities Commission (ASC) issued an order prohibiting the companies and Maroney from further sales in Alabama. Alabama securities commissioner issued a notice that investors are warned to avoid doing business with Harbor City Capital Corporation or Harbor City Digital Ventures and Jonathan P. Maroney.

Money from the offerings, Jonathan P. Maroney fraudulently assured investors, would supply “bridge funding” to Harbor City Capital’s main business of “online customer lead generation campaigns,” in which online sales leads are generated and then re-sold to third party businesses on a cost-per-lead basis. Very little of the $17 million went to this business, the SEC complaint alleges.

A Ponzi scheme involves the alleged payment of dividends to initial investors by using money obtained through gaining new investors. However, instead of taking the dividends from the investment and properly reinvesting it back into the market, the scammers committing the fraud will opt to take on more and more new investors to keep alive the allusion of a legitimate investment. Instead of using investor money to profit from a legitimate business, Ponzi schemers generally use investor money to perpetrate the fraud and to finance their own lifestyle.

Florida Ponzi Scheme Attorneys

Scott Silver and Silver Law Group are an experienced group of attorneys representing Ponzi scheme attorneys. We generally work on a contingency fee basis working with ponzi scheme victims to recover their losses from all responsible parties. Our cases frequently involve claims against the perpetrators of the Ponzi scheme and third parties that materially participated in the Ponzi scheme. If you have losses from the purchase of securities through Harbor City Capital Corp., Harbor City Ventures, LLC; Harbor City Digital Ventures, Inc.; HCC Media Funding, LLC or any of five other “special purpose” entities, contact Silver Law Group for a no-cost consultation at (800) 975-4345 or ssilver@silverlaw.com. Scott Silver recently presented on prosecuting Ponzi schemes to the American Association of Justice and has a successful track record of recovering money for Ponzi scheme victims.