Kevin B. Merrill, Jay B. Ledford, & Cameron Jezierski Allegedly Operated a Ponzi-like Scheme Raising over $345 Million from over 230 Investors
Kevin Merrill, Jay Ledford, and Cameron Jezierski allegedly ran an ongoing Ponzi-like scheme that raised over $345 million from over 230 investors across the U.S., according to SEC Reports under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Kevin Merrill, Jay Ledford, and Cameron Jezierski‘s alleged Ponzi-like scheme. Investors who believe they may have lost money in activity related to Kevin Merrill, Jay Ledford, and Cameron Jezierski are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
The SEC has taken action and announced it has obtained a court order halting the aforementioned ongoing Ponzi-like scheme, the SEC notes.
Merrill, Ledford, & Jezierski Allegedly Attracted Investors to their Scheme by Promising Big Profits from Buying & Selling Consumer Debt Portfolios
Kevin B. Merrill, Jay B. Ledford and Cameron Jezierski allegedly attracted investors to their investment scheme by purportedly promising large profits from the purchase and resale of consumer debt portfolios, according to aforementioned SEC Reports under review by investor rights attorney Alan Rosca.
Said defendants, in reality, were allegedly accruing a slew of fabricated documents, and forged signatures in an intricate scheme to bring in investors and perpetuate the alleged fraud, the SEC notes.
Kevin Merrill, Jay Ledford, and Cameron Jezierski, rather than direct investor funds to the acquisition and servicing of debt portfolios as advertised, said defendants allegedly used the cash to deliver Ponzi-like payments to earlier investors, the SEC notes.
Merrill and Ledford also allegedly stole up to $85 million of the investor funds to enjoy luxurious lifestyles, spending millions of dollars on lavish items, including $10.2 million on at least 25 high-end cars, $330,000 for a 7-carat diamond ring, $168,000 for a 23-carat diamond bracelet, millions of dollars on luxury homes, and $100,000 to a private fitness club, the SEC reports.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Kevin Merrill, Jay Ledford, and Cameron Jezierski‘s alleged Ponzi-like 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, and 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-like scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at firstname.lastname@example.org, or through the contact form on this webpage.