Jewelry Wholesaler Agrees To SEC Consent Order In Nearly $70M Ponzi-Like Scheme

Mealey's (April 29, 2021, 12:49 PM EDT) -- BROOKLYN N.Y. — A federal judge in New York on April 20 entered a consent judgment in a Securities and Exchange Commission lawsuit against a jewelry wholesaler who operated a “Ponzi-like” scheme, which defrauded at least 80 investors of at least $69.5 million and misappropriated investor funds in violation of federal securities laws....

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