{"id":18178,"date":"2019-07-16T11:04:56","date_gmt":"2019-07-16T16:04:56","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=7267"},"modified":"2019-07-16T11:04:56","modified_gmt":"2019-07-16T16:04:56","slug":"aequitas-ponzi-case-settlement","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/aequitas-ponzi-case-settlement\/","title":{"rendered":"Aequitas Ponzi Fraud Case Results in $234.6M Settlement"},"content":{"rendered":"

\t\t\t\tInvestors who lost money after investing in Aequitas Management LLC<\/a>, which is accused of running a $350M Ponzi scam, have arrived at a $234M settlement in their fraud case against EisnerAmp LLP, Deloitte & Touche LLP, TD Ameritrade, Duff & Phelps, Sidley Austin LLP, Integrity Bank and Trust of Colorado, and Tonkon Torp. The defendants are accused of playing a part in the plaintiff\u2019s losses because of their purported involvement in the sale of Aequitas securities.<\/p>\n

More than 1,500 investors collectively invested over $350M in Aequitas securities while thinking that they were backing trade receivables in healthcare, education, transportation, and other areas. This investor fraud case, Ciuffitelli et al v. Deloitte & Touche LLP et al<\/a><\/em>, was brought as a proposed class action and filed over three years ago by claimants in Oregon and California.<\/p>\n

Based on a complaint<\/a> brought also in 2016 by the US Securities and Exchange Commission (SEC)<\/a>, Aequitas is accused of misleading investors about the extent their money became involved in for-profit education company Corinthian Colleges, which filed for bankruptcy in 2015. The regulator accused Aequitas of becoming a Ponzi scam after Corinthian failed, with the company continuing to sell securities for the purposes of paying back earlier investors and to support its executives\u2019 expensive lifestyles.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Investors who lost money after investing in Aequitas Management LLC, which is accused of running a $350M Ponzi scam, have arrived at a $234M settlement in their fraud case against EisnerAmp LLP, Deloitte & Touche LLP, TD Ameritrade, Duff & Phelps, Sidley Austin LLP, Integrity Bank and Trust of Colorado, and Tonkon Torp. The defendants […]<\/p>\n","protected":false},"author":2,"featured_media":372,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3773,3783,3792],"tags":[2839,3153],"class_list":["post-18178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-broker-fraud","category-broker-misconduct","category-ponzi-scams","tag-aequitas","tag-td-ameritrade"],"yoast_head":"\nAequitas Ponzi Fraud Case Results in $234.6M Settlement — Investor Lawyers Blog — July 16, 2019<\/title>\n<meta name=\"description\" content=\"Investors who lost money after investing in Aequitas Management LLC, which is accused of running a $350M Ponzi scam, have arrived at a $234M settlement.\" \/>\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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