{"id":9972,"date":"2021-05-05T14:24:09","date_gmt":"2021-05-05T18:24:09","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=9972"},"modified":"2021-05-05T14:24:09","modified_gmt":"2021-05-05T18:24:09","slug":"jose-aman-sentenced-in-diamond-backed-florida-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/jose-aman-sentenced-in-diamond-backed-florida-ponzi-scheme\/","title":{"rendered":"Jose Aman Sentenced In Diamond-Backed Florida Ponzi Scheme"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9935 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg\" alt=\"The SEC recently issued a final judgment against Jose Angel Aman, the mastermind behind three Ponzi schemes involving uncut colored diamonds and cryptocurrency. The order involves disgorgement of $4.2 million in ill-gotten gains and legal fees of $325,033. Additionally, the criminal case ordered him to pay restitution of $23.9 million, which includes the $4.2 million disgorgement.  In a case that repeats like so many before it, Aman, along with his partner first began offering unsolicited securities in about May 2014. Their two Palm-Beach based companies, Natural Diamonds and Eagle Financial Diamond Group Inc. collected $25 million from investors.  The draw was investing in the company that would purchase raw, uncut colored diamonds, cut them, then resell the alleged stones at a significant profit. The principal would be returned within two years with an alleged 24% rate of return.  The men assured investors that their investments were safe because the money was secured by Aman\u2019s diamond inventory that was alleged to be worth $25 million. When the investment periods ended, Aman would convince the investors to \u201croll over\u201d their money into new investments. Their \u201creinvestment contracts\u201d allowed them to keep the scheme going until they could find new investors and raise additional capital to pay out.\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>The SEC recently issued a <a href=\"https:\/\/www.law360.com\/articles\/1367165\/sec-seeks-4-5m-judgment-against-ponzi-scheme-ringleader\" target=\"_blank\">final judgment<\/a> against <a href=\"https:\/\/www.silverlaw.com\/blog\/diamond-backed-cryptocurrency-ponzi-scheme-principal-jose-aman-indicted\/\" target=\"_blank\">Jose Angel Aman<\/a>, the mastermind behind three Ponzi schemes involving uncut colored diamonds and cryptocurrency. The order involves disgorgement of $4.2 million in ill-gotten gains and legal fees of $325,033. Additionally, the criminal case ordered him to pay restitution of $23.9 million, which includes the $4.2 million disgorgement. <a href=\"https:\/\/www.silverlaw.com\/blog\/jose-aman-sentenced-in-diamond-backed-florida-ponzi-scheme\/#more-9972\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC recently issued a final judgment against Jose Angel Aman, the mastermind behind three Ponzi schemes involving uncut colored diamonds and cryptocurrency. The order involves disgorgement of $4.2 million in ill-gotten gains and legal fees of $325,033. Additionally, the criminal case ordered him to pay restitution of $23.9 million, which includes the $4.2 million [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[593],"tags":[],"class_list":["post-9972","post","type-post","status-publish","format-standard","hentry","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>Jose Aman Sentenced In Diamond-Backed Florida Ponzi Scheme &#8212;<\/title>\n<meta name=\"description\" content=\"The SEC issued a final judgment against Jose Angel Aman, the mastermind behind Ponzi schemes involving uncut diamonds and cryptocurrency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/jose-aman-sentenced-in-diamond-backed-florida-ponzi-scheme\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/jose-aman-sentenced-in-diamond-backed-florida-ponzi-scheme\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Jose Aman Sentenced In Diamond-Backed Florida Ponzi Scheme","datePublished":"2021-05-05T18:24:09+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/jose-aman-sentenced-in-diamond-backed-florida-ponzi-scheme\/"},"wordCount":542,"image":{"@id":"https:\/\/www.silverlaw.com\/blog\/jose-aman-sentenced-in-diamond-backed-florida-ponzi-scheme\/#primaryimage"},"thumbnailUrl":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg","articleSection":["Ponzi 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