Cases by state
Ponzi schemes in Washington, D.C.
3 cases announced 2014–2026, involving about $42M in reported investor money. Most common types: real estate and investment funds & advisory. Listed by where the main defendant was based.
The largest by reported amount: Lawrence P. Schmidt ($22M, 2014). Charges are allegations unless a court has entered a conviction or judgment.
Pitch phrases seen in these cases
Cases
| Date | Case | Location | Industry | Amount |
|---|---|---|---|---|
| Sep 10, 2026 | Intercontinental Wealth Network LLC, I Wealth Network LP Ernest Ossei Boateng |
Washington, DC | Investment funds & advisory | $16M |
| Jun 23, 2023 | Gordon Management Group LLC Wilson Baston (aka Chanon Gordon) |
Washington, DC | Real estate | $4M |
| Jun 13, 2014 | Lawrence P. Schmidt | Washington, DC | Real estate | $22M |