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Tag Archives: FINRA

Ponzi Schemer Went Underground at Disney World

Posted in Ponzi Profiles

Jeffrey Kelly of Dublin, OH, has made a plea agreement with federal prosecutors after being accused of operating a $1.5 million Ponzi scheme that left 15 victims in its wake. The 45-year-old Kelly had been indicted last December in US District Court on 17 counts of mail fraud, wire fraud and interstate transport of fraudulently… Continue Reading

Pretend Hedge-Fund Star Left $4,000 Tip at Hollywood Nightclub “Specifically for Business”

Posted in Ponzi Profiles

George Sepero of Glen Rock, NJ, has pleaded guilty to multiple charges of fraud in connection with a $3.5 million Ponzi scheme. The 40-year-old Sepero ran a web of phony hedge funds and foreign currency trading accounts in collusion with fellow New Jersey residents Carmelo Provenzano, 29, and Daniel Dragan, 41. Both Provenzano and Dragan… Continue Reading

Fort Lauderdale Broker George Elia’s “International Consultants & Investment Group Limited Corp.” was alleged Ponzi Scheme

Posted in Ponzi Profiles

George Elia, an investment broker in Fort Lauderdale, FL, has been indicted for wire fraud by a federal grand jury as part of a larger investigation into an $11 million Ponzi scheme. Elia is suspected to have operated the fraud since 2005, when he began to pitch extravagant returns of 20% per year on stock… Continue Reading