US ponzi Scheme on personal injury settlements Discovered
The Securities and Exchange Commission (SEC) says it has caught and blocked an “early-stage Ponzi scheme” that was duping investors over purported investments in personal injury legal settlements.
The US regulator says New York-based Rockford Funding Group began its Ponzi scheme in March, using cold calling and a website to raise at least $11 million from more than 200 investors across the US and Canada. The money invested in the scam was being moved overseas until an SEC court order froze the
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