Kevin B. Merrill, Jay B. Ledford, & Cameron Jezierski Allegedly Orchested a $345 Million Ponzi-like Scheme out of Maryland; Emergency Asset Freeze Obtained by the SEC
Kevin Merrill, Jay B. Ledford, & Cameron Jezierski allegedly raised over $345 million from over 230 U.S. investors as part of a purported Ponzi-like scheme, according to an SEC Report 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, & Cameron Jezierski’s alleged Ponzi-like scheme. Investors who believe they may have lost money in activity related to Kevin Merrill, Jay Ledford, & Cameron Jezierski are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
Merrill & Ledford Allegedly Lured Investors to Buy Consumer Debt Portfolios Via an Alleged Elaborate Web of Lies, Including Purported Fake companies & Bank Accounts
Merrill and Ledford allegedly attracted investors to buy consumer debt portfolios via an alleged elaborate web of lies, according to the indictment under review by attorney Alan Rosca.
The men did buy and sell some debt from time to time, but their legitimate operations were dwarfed by the fraudulent scheme, the SEC Complaint notes.
The men allegedly concealed their scheme with fake companies and bank accounts and paid off investors with funds from other victims rather than actual profits, according to statements from the U.S. Attorney’s Office.
Kevin Merrill, 53, of Towson, Maryland, Jay Ledford, 54, of Westlake, Texas, and Las Vegas; and Cameron Jezierski, 28, of Fort Worth, Texas, now reportedly face charges of alleged conspiracy, wire fraud, identity theft and money laundering in the scheme that many officials have called one of the largest alleged schemes in Maryland history, the SEC reports.
The SEC’s complaint, filed on Sept. 13 in federal district court in Maryland, charges Merrill, Ledford, and Jezierski, along with their entities, Global Credit Recovery, LLC, Delmarva Capital, LLC, Rhino Capital Holdings, LLC, Rhino Capital Group, LLC, DeVille Asset Management LTD, and Riverwalk Financial Corporation, with alleged violations of the antifraud provisions of the federal securities laws, the Complaint states.
Finally, the court granted the SEC’s request for an asset freeze, temporary restraining order, and the appointment of a receiver, and the SEC seeks disgorgement of allegedly ill-gotten gains and prejudgment interest, and financial penalties against the defendants, the Complaint 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, & 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, & 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 email@example.com, or through the contact form on this webpage.