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SEC Ponzi Scheme Charges Reveal $121M Fraud, Only $17M Recoverable

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Federal regulators say two former executives at a Bay Area private lending firm ran a Ponzi-like operation that drained the retirement savings of hundreds of everyday investors. The SEC Ponzi scheme charges filed this week accuse Mark D. Ha…

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SEC Ponzi Scheme Charges Reveal $121M Fraud, Only $17M Recoverable
Cryptonomist 1h ago

SEC Ponzi Scheme Charges Reveal $121M Fraud, Only $17M Recoverable

Federal regulators say two former executives at a Bay Area private lending firm ran a Ponzi-like operation that drained the retirement savings of hundreds of everyday investors. The SEC Ponzi scheme charges filed this week accuse Mark D. Ha…