A financial or investment product failed in several cases because it was part of a Ponzi scam.

At SSEK Law Firm, we have represented thousands of investors and recovered many millions of dollars on their behalf over losses caused by: Misappropriation Broker fraud Misrepresentations and Omissions Negligence Unregistered securities sales Other registration violations Failure to execute trades ...

Over Alleged $110M Ponzi Scam On August 1, 2021, investors filed a securities fraud lawsuit against Oppenheimer over the investment losses they sustained in an alleged Ponzi scam involving ex-broker John J.

GPB Capital Holdings is accused of operating a more than $1.8B Ponzi scam.

January 2014: JPMorgan Paid Penalties to Resolve Criminal and Civil Charges JPMorgan consented to pay $2.05B in penalties and fines to resolve criminal and civil charges over its alleged role in the $65B Bernie Madoff Ponzi scam .

For example, in 2017, Ex-Sterne, Agee, and Leech broker and managing director Deborah Dickson Kelley pleaded guilty to securities fraud after taking part in a “pay-to-play” scam so as to work with the New York State Common Retirement Fund. ... ...

Nelson Partners owner Patrick Nelson is accused of allegedly running a Ponzi-like scam and using proceeds from the 2019 deal to invest in other ventures while turning a profit.

Madoff Investment Securities: Bernie Madoff’s hedge fund was essentially a $65B Ponzi scheme that went on for years until 2008. His scam defrauded thousands of investors, from the rich and famous to many others.

The self-regulatory organization (SRO) found that the firm’s weak supervision of consolidated reports enabled one ex-broker to run a $1M Ponzi scam that harmed customers.

Brokers also have a duty to ensure that an investment is legitimate and not part of a Ponzi scam or another type of fraud.