{"id":4307,"date":"2017-04-30T13:20:30","date_gmt":"2017-04-30T18:20:30","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4307"},"modified":"2017-04-30T13:20:30","modified_gmt":"2017-04-30T18:20:30","slug":"securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud\/","title":{"rendered":"Securities Cases: Texas Woman Accused of Bilking 35 Investors, Ex-NJ Investment Adviser is Found Guilty of Fraud, and Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam"},"content":{"rendered":"<p>\t\t\t\t<strong>Grand Jury Indicts Texas Woman in $1M Ponzi Scam<\/strong><br \/>\nA federal grand jury has indicted Nemelee Liwanag Jiao on two wire fraud counts for allegedly running a <a href=\"https:\/\/texas.stockbroker-fraud.com\">Texas Ponzi scam <\/a>that cost investors over $1M. At least 35 investors were bilked.<\/p>\n<p>According to the indictment, Jiao, a Texas resident, had investors back promissory notes that were supposedly issued by two non-profit schools in the Philippines when, in reality, she was using their money on herself. Jiao told investors she represented both Lord of Peace Learning Center and Shepherd\u2019s Light Learning Center and she got them to invest their money in the promissory notes after promising 10-100% in returns. She also promised that they would get back their principle plus interest within 30-days to a year of investing. <\/p>\n<p>The indictment against Jiao stated that she will have to forfeit all proceeds if convicted. She faces up to 20 years in prison for wire fraud, as well as a $250K fine.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud\/#more-4307\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grand Jury Indicts Texas Woman in $1M Ponzi Scam A federal grand jury has indicted Nemelee Liwanag Jiao on two wire fraud counts for allegedly running a Texas Ponzi scam that cost investors over $1M. At least 35 investors were bilked. According to the indictment, Jiao, a Texas resident, had investors back promissory notes that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3781,3738,3792,3750],"tags":[],"class_list":["post-4307","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-investor-fraud","category-ponzi-scams","category-texas-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities Cases: Texas Woman Accused of Bilking 35 Investors, Ex-NJ Investment Adviser is Found Guilty of Fraud, and Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam &#8212; Investor Lawyers Blog &#8212; April 30, 2017<\/title>\n<meta name=\"description\" content=\"Grand Jury Indicts Texas Woman in $1M Ponzi Scam A federal grand jury has indicted Nemelee Liwanag Jiao on two wire fraud counts for allegedly running a &#8212; April 30, 2017\" \/>\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.investorlawyers.com\/blog\/securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities Cases: Texas Woman Accused of Bilking 35 Investors, Ex-NJ Investment Adviser is Found Guilty of Fraud, and Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam &#8212; Investor Lawyers Blog &#8212; April 30, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Grand Jury Indicts Texas Woman in $1M Ponzi Scam A federal grand jury has indicted Nemelee Liwanag Jiao on two wire fraud counts for allegedly running a &#8212; April 30, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Securities Cases: Texas Woman Accused of Bilking 35 Investors, Ex-NJ Investment Adviser is Found Guilty of Fraud, and Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam &#8212; Investor Lawyers Blog &#8212; April 30, 2017","description":"Grand Jury Indicts Texas Woman in $1M Ponzi Scam A federal grand jury has indicted Nemelee Liwanag Jiao on two wire fraud counts for allegedly running a &#8212; April 30, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud\/","twitter_card":"summary_large_image","twitter_title":"Securities Cases: Texas Woman Accused of Bilking 35 Investors, Ex-NJ Investment Adviser is Found Guilty of Fraud, and Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam &#8212; Investor Lawyers Blog &#8212; April 30, 2017","twitter_description":"Grand Jury Indicts Texas Woman in $1M Ponzi Scam A federal grand jury has indicted Nemelee Liwanag Jiao on two wire fraud counts for allegedly running a &#8212; April 30, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Securities Cases: Texas Woman Accused of Bilking 35 Investors, Ex-NJ Investment Adviser is Found Guilty of Fraud, and Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam","datePublished":"2017-04-30T18:20:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud\/"},"wordCount":581,"articleSection":["Investment Advisers","Investor Fraud","Ponzi Scams","Texas Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud\/","url":"https:\/\/www.investorlawyers.com\/blog\/securities-cases-texas-woman-accused-bilking-35-investors-ex-nj-investment-adviser-found-guilty-fraud-insurance-agent-pleads-guilty-8-2m-promissory-note-fraud\/","name":"Securities Cases: Texas Woman Accused of Bilking 35 Investors, Ex-NJ Investment Adviser is Found Guilty of Fraud, and Insurance Agent Pleads Guilty in $8.2M Promissory Note Scam &#8212; 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