Former DC Solar Owner Sentenced over $1 Billion Ponzi Scheme

The owner of a California-based solar energy company has been sentenced for stealing $1 billion from investors in what turned out to be a Ponzi scheme.  Jeff Carpoff was sentenced to 30 years in prison, the maximum penalty permitted under federal sentencing guidelines after pleading guilty to conspiracy to commit wire fraud and money laundering.  […]

Joshua Burrell Indicted in “Opportunity Zone” Ponzi Scheme

Joshua Burrell (CRD 6719621), a broker formerly associated with Lazard Asset Management Securities, was arrested on allegations of a fraudulent Ponzi scheme in which he raised approximately $6.3 million from investors.  The Securities and Exchange Commission (“SEC”) and the U.S. Attorney’s Office each announced the filing of complaints in the Southern District of New York […]

Southport Capital Charged with Running a $110 Million Ponzi Scheme

Marietta, Georgia resident John Woods has been charged by the SEC for allegedly running a $110 million Ponzi scheme. The charges relate to two entities he controls—Livingston Group Asset Management Company, d/b/a Southport Capital, and investment fund Horizon Private Equity, III LLC. Southport Capital is a registered investment adviser. The United States District Court for […]

Philip Incorvia’s Death Exposes Long Island Ponzi Scheme

In August 2021, Long Island based financial advisor, Philip Incorvia, passed away.  Shortly after his death, investors in Jefferson Resources and Vanderbilt Realty came forward to accuse Philip Incorvia of operating a ponzi scheme.  The cases against Incorvia and his employer, Henely Wealth, remains pending.  Our law office is investigating this matter and invites all […]