{"id":11696,"date":"2025-08-27T16:58:02","date_gmt":"2025-08-27T20:58:02","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=11696"},"modified":"2025-08-28T11:08:42","modified_gmt":"2025-08-28T15:08:42","slug":"silver-law-group-and-co-counsel-file-700-million-class-action-lawsuit-against-prestige-and-paramount-execs-in-atm-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-and-co-counsel-file-700-million-class-action-lawsuit-against-prestige-and-paramount-execs-in-atm-ponzi-scheme\/","title":{"rendered":"Silver Law Group And Co-Counsel File $700 Million Class Action Lawsuit Against Prestige And Paramount Execs In ATM Ponzi Scheme"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-10372 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" alt=\"Silver Law Group, along with co-counsel, filed a class action lawsuit against Jerry Hostetter, Buck Joffrey, Randall Leaman, and David Zook on behalf of investors to recover losses in what the Plaintiff alleges was a \u201c$700,000,000 Ponzi scheme perpetrated by and through a series of investment funds, called the \u2018Prestige Fund(s),\u2019 together with Paramount Management Group, LLC.\u201d The class action, filed in United States District Court for the Eastern District of Pennsylvania, alleges that the Defendants, along with Daryl Heller, served as executives for, managed, and raised capital for a Lancaster Pennsylvania-based company\u2014Prestige\u2014that, together with Paramount, claimed to manage a portfolio of approximately 38,000 ATMs when in fact the company owned\/managed fewer than 10,000, leading to massive cash shortfalls.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Silver Law Group, along with co-counsel, filed a class action lawsuit against Jerry Hostetter, Buck Joffrey, Randall Leaman, and David Zook on behalf of investors to recover losses in what the Plaintiff alleges was a <em>\u201c$700,000,000 Ponzi scheme perpetrated by and through a series of investment funds, called the \u2018Prestige Fund(s),\u2019 together with Paramount Management Group, LLC.\u201d<\/em> <a href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-and-co-counsel-file-700-million-class-action-lawsuit-against-prestige-and-paramount-execs-in-atm-ponzi-scheme\/#more-11696\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Silver Law Group, along with co-counsel, filed a class action lawsuit against Jerry Hostetter, Buck Joffrey, Randall Leaman, and David Zook on behalf of investors to recover losses in what the Plaintiff alleges was a \u201c$700,000,000 Ponzi scheme perpetrated by and through a series of investment funds, called the \u2018Prestige Fund(s),\u2019 together with Paramount Management [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[602,593],"tags":[],"class_list":["post-11696","post","type-post","status-publish","format-standard","hentry","category-class-action","category-ponzi-schemes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Silver Law Group, Co-Counsel File $700 Million Class Action Lawsuit Against Prestige And Paramount Execs In ATM Ponzi Scheme<\/title>\n<meta name=\"description\" content=\"Silver Law Group, along with co-counsel, filed a class action lawsuit against Prestige and Paramount Execs in ATM Ponzi Scheme.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/silver-law-group-and-co-counsel-file-700-million-class-action-lawsuit-against-prestige-and-paramount-execs-in-atm-ponzi-scheme\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Silver Law Group, Co-Counsel File $700 Million Class Action Lawsuit Against Prestige And Paramount Execs In ATM Ponzi Scheme\" \/>\n<meta name=\"twitter:description\" content=\"Silver Law Group, along with co-counsel, filed a class action lawsuit against Prestige and Paramount Execs in ATM Ponzi Scheme.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta 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Paramount Execs In ATM Ponzi Scheme","twitter_description":"Silver Law Group, along with co-counsel, filed a class action lawsuit against Prestige and Paramount Execs in ATM Ponzi Scheme.","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2022\/01\/FiverRecoverysmall.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-and-co-counsel-file-700-million-class-action-lawsuit-against-prestige-and-paramount-execs-in-atm-ponzi-scheme\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/silver-law-group-and-co-counsel-file-700-million-class-action-lawsuit-against-prestige-and-paramount-execs-in-atm-ponzi-scheme\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Silver Law Group And Co-Counsel File $700 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