Cameron Jezierski, Kevin Merrill, & Jay Ledford Allegedly Operated a $360 Million Ponzi Scheme Using a Series of Entities including Defendants Global Credit Recovery

Kevin Merrill, Jay Ledford, and Cameron Jezierski allegedly used a series of entities they owned and/or controlled, purportedly including Defendants Global Credit Recovery, LLC, in order to operate a  $345 million Ponzi-like scheme, according to an SEC Complaint under review by investor rights attorney Alan Rosca.

Merrill, Ledford, and Jezierski, from at least 2013 to present, allegedly operated the aforementioned  Ponzi-like scheme, a scam that purportedly involved, among other things, securities offerings allegedly filled with misrepresentations, fake debt, forged signatures, fabricated wire transfers, the movement of millions of dollars into personal accounts, said Complaint notes.

Global Credit Recovery, LLC (GCR) is a Maryland limited liability company with its principal place of business in Towson, Maryland, the SEC reports.

Securities attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm, has been working with Global Credit Recovery investors and have filed claims to seek recovery from financial institutions that helped and enabled the promotion of the alleged Global Credit Recovery scheme. Investors who believe they may have lost money in activity related to Kevin Merrill, Jay Ledford, and Cameron Jezierski’s alleged Ponzi scheme are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Jezierski, Merrill, & Ledford Indicted by the SEC & US Justice Department; Jezierski Scheduled for Sentencing, Merrill & Ledford Scheduled to Stand Trial

Kevin Merrill, Jay Ledford, and Cameron Jezierski allegedly made payments to investors of approximately $197 million, most of which consisted of money received from investors, to purportedly deceive investors into believing that their money had been invested as promised and that they were reaping profits from those investments, according to the aforementioned SEC Complaint.

As a result, many unsuspecting investors allegedly were victimized repeatedly and referred other prospective investors to Defendants. Merrill and Ledford continue to seek additional money from investors, the SEC notes.

Said defendants, by allegedly engaging in the aforementioned conduct described in said SEC Complaint, allegedly violated Sections of the Securities Act, the SEC notes.

Kevin Merrill, Jay Ledford, and Cameron Jezierski were hence reportedly indicted by the Justice Department and the SEC in September 2018, according to the aforementioned SEC Complaint.

Jezierski’s sentencing is scheduled for Aug. 12, a month after Merrill and Ledford are scheduled to stand trial, the SEC notes.

Finally, it is important to note that, as of the date of this article, there has not been a finding of liability as to the complaints mentioned in this article, unless otherwise indicated.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related misconduct and are currently working with Global Credit Recovery investors and have filed claims to seek recovery from financial institutions that helped and enabled the promotion of the alleged Global Credit Recovery scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Kevin Merrill, Jay Ledford, and Cameron Jezierski’s alleged Ponzi scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at rosca@lawgsp.com, or through the contact form on this webpage.