Ten Largest Ponzi Schemes in History
A Ponzi scheme is defined as an investment fraud where the operator generates returns for older investors through revenue paid by new investors rather than from legitimate business activities or profit of financial trading. People are lured into these schemes with the promise of high returns in a short amount of time. It’s hard to […]
Horizon Private Equity: The Case for Individual FINRA Arbitrations
In August 2021, the Securities and Exchange Commission filed a complaint and an emergency motion for an asset freeze against John Woods, Southport Capital and Horizon Private Equity Fund. In that complaint, the SEC alleged that John Woods and other employees at Southport Capital operated Horizon Private Equity as a ponzi scheme. The Court in […]