Cases by industry
Lending & cash advance Ponzi schemes
85 cases announced 2006–2026, involving about $3.5B in reported investor money. Most cases came from California, Florida and New York.
The largest by reported amount: ANI Development LLC ($300M, 2019). Charges are allegations unless a court has entered a conviction or judgment.
Pitch phrases seen in these cases
- “high rates of return”
- “risk-free”
- “significant fixed returns”
- “guaranteed investors high rates of returns”
- “$2 billion in u.s. treasury bonds”
- “with a profit”
- “building and loan”
- “steep returns on short-term loans secured by real estate”
Cases
| Date | Case | Location | Industry | Amount |
|---|---|---|---|---|
| Aug 13, 2026 | Capital Funding ASAP LLC Leor Moshe, Jacob Goldman, Isaac Odes |
Toms River, NJ | Lending & cash advance | $47M |
| Jul 22, 2026 | Ideal Financial Services Inc, Ideal Financial Holdings Barbara A. Hirshfield |
Lexington, MA | Lending & cash advance | $10.9M |
| Jul 7, 2026 | Gary Topolewski | Northridge, CA | Lending & cash advance | $39M |
| May 5, 2026 | Woodhill Capital Corporation Richard Teplitsky |
Williamsville, NY | Lending & cash advance | $10M |
| Apr 20, 2026 | Bordeaux Cellars James Wellesley (aka Andrew Fuller, Andrew Templar), Stephen Burton |
London, United Kingdom | Lending & cash advance | $97M |
| Feb 19, 2026 | Christopher Knight Lopez, Jayson Lopez, Nadir Abdel Torres | Katy, TX | Lending & cash advance | $17M |
| Nov 20, 2025 | E-Card Lending LLC, E-Card Merchant LLC Pablo Silverio Rebollido |
Miami, FL | Lending & cash advance | $40M |
| Sep 25, 2025 | Cleveland Custom Homes Jeffrey Crawford |
Avon, OH | Lending & cash advance | $2.9M |
| Jul 10, 2025 | First Liberty Building & Loan LLC Edwin Brant Frost IV |
Newnan, GA | Lending & cash advance | $140M |
| May 15, 2025 | Anchor State Capital LLC, Anchor State Properties LLC Christopher Aubin, Ashley Corcoran |
Providence, RI | Lending & cash advance | $2.5M |
| Feb 26, 2025 | Greenville Auto World LLC Willard Timothy Sutton |
Greenville, NC | Lending & cash advance | $8M |
| Oct 31, 2024 | Joseph Giuttari | RI | Lending & cash advance | $1.5M |
| Oct 9, 2024 | Sunrise Enterprises LLC Lawrence Coven |
Hillsborough, NJ | Lending & cash advance | $1M |
| Jul 23, 2024 | Robert Newell | Indio, CA | Lending & cash advance | $37M |
| Jul 26, 2023 | 1 Global Capital LLC Carl R. Ruderman |
Hallandale Beach, FL | Lending & cash advance | $250M |
| Apr 12, 2023 | Christopher Burns | Berkeley Lake, GA | Lending & cash advance | $10M |
| Apr 4, 2023 | MJF Holdings LLC, MJF Capital LLC Michael J. French |
Pendleton, SC | Lending & cash advance | $20M |
| Feb 7, 2023 | Floyd's Insurance Agency, Monthly Payment Plan Joseph W. Floyd IV, William F. Floyd Jr. |
Whiteville, NC | Lending & cash advance | $20M |
| Oct 18, 2022 | Anna Kline (fka Jordana Weber) | Sparks, NV | Lending & cash advance | $7M |
| Jul 27, 2022 | Chalala Academy LLC, Lendvesting Academy Corp Alexandra Robert |
FL | Lending & cash advance | $900,000 |
| Jun 1, 2022 | MCC Holdings, SLJ Holdings, STR America Holdings Michael David Carroll |
Long Beach, CA | Lending & cash advance | $1.4M |
| May 19, 2022 | WC Private, Wilcox Hybrid, Damon Investments Wynn A.D. Charlebois |
Charlotte, NC | Lending & cash advance | $6M |
| Aug 13, 2021 | MJ Capital Funding LLC, MJ Taxes and More Inc. Joel Castellanos, Johanna M. Garcia |
Tamarac, FL | Lending & cash advance | $196M |
| Jul 17, 2020 | International Investment Group David Hu |
West Orange, NJ | Lending & cash advance | $100M |
| Jun 12, 2020 | Inigo Philbrick | London, United Kingdom | Lending & cash advance | $20M |
| Sep 17, 2019 | Tyler T. Tysdal, Grant M. Carter | Lone Tree, CO | Lending & cash advance | $15M |
| Aug 29, 2019 | ANI Development LLC Gina Champion-Cain |
San Diego, CA | Lending & cash advance | $300M |
| Dec 21, 2018 | Labra Group Realtors LLC Michelle Labra |
Yorkville, IL | Lending & cash advance | $23M |
| Dec 4, 2018 | Novus Properties Brian Thomas Sapp |
Alexandria, VA | Lending & cash advance | $1.4M |
| Sep 18, 2018 | Conmac Funding Corp., Sisk Investment Services Matthew Eckstein, Kevin Brody |
Syosset, NY | Lending & cash advance | $10M |
| Jul 5, 2018 | Systematech Solutions Inc. April Vuong, Hao Quach |
Kitchener, Canada | Lending & cash advance | $3.6M |
| Mar 16, 2018 | Legal Coverage Group Ltd. Gary Frank |
Bala Cynwyd, PA | Lending & cash advance | $30M |
| Sep 18, 2017 | P&R Capital LLC Ernest J. Romer III |
Sterling Heights, MI | Lending & cash advance | $2.7M |
| Jul 20, 2017 | Brixon Group Ltd Joseph Wayne McCool, Donald Manning, Cameron Campbell |
Mesa, AZ | Lending & cash advance | $10M |
| May 10, 2017 | Mito Bank, Mito Capital LLC, Mito Financial LLC, Mito Group Juan Miguel Lopez |
Addison, TX | Lending & cash advance | $4.9M |
| Oct 24, 2016 | Micro-Enterprise Management Group (MEMG), Victorious Life Church Terry Wayne Millender, Brenda Millender, Grenetta Wells |
Alexandria, VA | Lending & cash advance | $1.2M |
| Oct 12, 2016 | Budget Finance Company Donna S. Brown |
Clarington, OH | Lending & cash advance | $25M |
| Mar 16, 2016 | Mark A. Jones | Boston, MA | Lending & cash advance | $10M |
| Dec 14, 2015 | Christopher Maguire | Orlando, FL | Lending & cash advance | $4.9M |
| Nov 20, 2015 | Robert B. Hahn | Tyler, TX | Lending & cash advance | $5.5M |
| Apr 7, 2015 | Capital Financial Partners LLC, Capital Financial Holdings LLC William D. Allen, Susan C. Daub |
Davie, FL | Lending & cash advance | $31M |
| Oct 8, 2014 | Nationwide Automated Systems Inc. Joel Barry Gillis, Edward Wishner |
Woodland Hills, CA | Lending & cash advance | $123M |
| Sep 29, 2014 | Transactions Unlimited (dba ATM Plus) Michael B. Ferguson |
Foster City, CA | Lending & cash advance | $12M |
| Aug 14, 2014 | Holy Cow Brent Lee Newbold |
Granite Bay, CA | Lending & cash advance | $3M |
| Jul 16, 2014 | Blue Mountain Consumer Discount Company Walter P. Lambert (aka Buddy) |
Pen Argyl, PA | Lending & cash advance | $5M |
| May 7, 2014 | Smith Advertising & Associates Gary Todd Smith, Gary Truman Smith |
Fayetteville, NC | Lending & cash advance | $63.4M |
| Jan 16, 2014 | ARTLoan Financial LLC, ARTLoan Financial Services Inc Anthony Barreiro, Ernest Ray Parker (aka Ray Parker Gaylord) |
San Francisco, CA | Lending & cash advance | $3.4M |
| Dec 10, 2013 | Robert Rocco | Dix Hills, NY | Lending & cash advance | $5M |
| Mar 18, 2013 | Viking Financial Group Inc. Steven Palladino, Lori Palladino |
West Roxbury, MA | Lending & cash advance | $10M |
| Nov 19, 2012 | MSC Holdings USA LLC, MSC Holdings Inc., MSC GA Holdings LLC Billy W. McClintock, Linda Dianne Alexander |
FL/CA | Lending & cash advance | $15M |
| Oct 22, 2012 | Odalis Freixa, Marisela Gamez | Coral Gables, FL | Lending & cash advance | $1M |
| Oct 16, 2012 | Perfect Financial Group Vincent Thakur Singh |
Elk Grove, CA | Lending & cash advance | $20M |
| Aug 31, 2012 | Beverly Joan De Ronde | Pella, IA | Lending & cash advance | $730,000 |
| Aug 14, 2012 | Highland Residential LLC, Avanti Capital Partners LLC Ivan Wade Brown |
UT | Lending & cash advance | $27M |
| Mar 28, 2012 | TransCap Corporation, Strata-Trade Corporation Dale Joseph Edgar St. Jean, Gregory Dennis Tindall |
Calgary, Canada | Lending & cash advance | $52M |
| Sep 22, 2011 | Little Loan Shoppe Doris E. Nelson |
Colbert, WA | Lending & cash advance | $135M |
| Apr 29, 2011 | China Voice Holding Corp David Ronald Allen, Alex Dowlatshahi, Christopher Mills, William F. Burbank IV, Gerald Patera, Ilya Drapkin, Robert Wilson |
TX | Lending & cash advance | $8.6M |
| Apr 18, 2011 | H.R. Financial Services, H.R. Sales and Marketing Robert Hague-Rogers |
Frisco, TX | Lending & cash advance | $9.3M |
| Mar 28, 2011 | Impact Cash LLC, Impact Payment Systems LLC John Scott Clark |
Hyde Park, UT | Lending & cash advance | $47M |
| Feb 25, 2011 | C.O. Capital Growth Inc. Peter Sbaraglia |
Canada | Lending & cash advance | $40M |
| Feb 18, 2011 | Nona Oma Investments, Money Source's Alaska Samantha Dorothy Delay-Wilson |
Anchorage, AK | Lending & cash advance | $7M |
| Sep 15, 2010 | James Edward Whitley | Greensboro, NC | Lending & cash advance | $9M |
| Sep 2, 2010 | Sandra Venetis | Branchburg, NJ | Lending & cash advance | $11M |
| Sep 2, 2010 | Allied Health Care Services Inc Charles K. Schwartz |
Sparta, NJ | Lending & cash advance | $87M |
| Aug 25, 2010 | Alliance Group Entertainment Mahmoud Karkehabadi (aka Mike Karkeh) |
Laguna Niguel, CA | Lending & cash advance | $11M |
| Aug 16, 2010 | Unlimited Cash Inc, Douglas Networks Enterprises Nancy Carol Khalial, Wayne D. Flesher, Alan G. Flesher |
Oxnard, CA | Lending & cash advance | $26M |
| Jun 11, 2010 | Chimay Capital Management Inc Guy Albert de Chimay |
New York, NY | Lending & cash advance | $7M |
| Jun 2, 2010 | Lucky Star Diamonds Inc, Luis Felipe Jewelry Design Corp Luis Felipe Perez |
Miami, FL | Lending & cash advance | $40M |
| Apr 27, 2010 | James U. Dodge | Springfield, IL | Lending & cash advance | $5.1M |
| Jan 7, 2010 | Miko Dion Wady | Chandler, AZ | Lending & cash advance | $50M |
| Dec 16, 2009 | Raymond Frank Joseph | Bloomfield Hills, MI | Lending & cash advance | $5M |
| Dec 10, 2009 | Mathon Management, Mathon Fund Guy Andrew Williams, Brent F. Williams, Duane Hamblin Slade, Douglas Edward Towler, Russell Laurence Sewell, Aubrey Williams |
Mesa, AZ | Lending & cash advance | $100M |
| Oct 30, 2009 | Irving Bookkeeping and Taxes Roberto Heckscher |
San Francisco, CA | Lending & cash advance | $20M |
| Sep 21, 2009 | Netschi Vance Moore II |
McKinney, TX | Lending & cash advance | $80M |
| Aug 25, 2009 | Nemazee Capital Corporation Hassan Nemazee |
New York, NY | Lending & cash advance | $290M |
| Jul 10, 2009 | NextStep Financial Services Inc David J. Hernandez |
Downers Grove, IL | Lending & cash advance | $12M |
| May 8, 2009 | Buyers Solutions Marketing LLC Dawn M. Quiroga |
Broken Arrow, OK | Lending & cash advance | $2.5M |
| Apr 28, 2009 | All States ATM Inc Richard M. Hersch |
Rancho Santa Fe, CA | Lending & cash advance | $20M |
| Apr 16, 2009 | Cornerstone Financial Corporation, K & B Investments LLC Keith Kovick, Robert Congdon |
Polson, MT | Lending & cash advance | $14.3M |
| Mar 9, 2009 | Serafino Holdings LLC Anthony Lucchetto Jr. |
Fanwood, NJ | Lending & cash advance | $15M |
| Mar 4, 2009 | Mac Investments Inc Jeff Teitelbaum, Maria Gonzalez, William Hoberg, Christopher Livanos |
Mesa, AZ | Lending & cash advance | $8M |
| Jan 27, 2009 | Agape World Inc, Agape Merchant Advance LLC Nicholas Cosmo |
Lake Grove, NY | Lending & cash advance | $195M |
| Oct 6, 2008 | Next Components Norman Hsu |
NY | Lending & cash advance | $60M |
| Oct 10, 2006 | National Consumer Mortgage LLC Salvatore Favata |
Orange County, CA | Lending & cash advance | $30M |
| Apr 17, 2006 | Jack Utsick, Robert Yeager, Donna Yeager | Miami Beach, FL | Lending & cash advance | $300M |