Regulation
Mennonite Accountant Charged in $60 Million Ponzi Scheme
Philip Riehl allegedly scammed fellow Mennonites and Amish for nearly a decade.
Alleged fraudsters used ill-gotten gains to buy luxury cars and a yacht.
Alleged perp in crypto-currency scam, Boaz Manor, said to dye his hair, grow a beard to hide identity.
Firm assumed annuitants were dead or unreachable if they didn’t respond to two mailings.
Funds were ‘pilfered’ to purchase luxury vehicles, real estate, and to pay earlier investors.
Executives allegedly used funds for yacht, sports cars, cosmetic surgery.
SEC alleges firm overcharged investors by inflating fund values.
Direct listing would allow companies to sell shares in opening auction on first day on exchange.
SEC says International Investment Group sold at least $60 million in fake loan assets.