Cases by state
Ponzi schemes in Idaho
9 cases announced 2009–2023, involving about $223.5M in reported investor money. Most common types: trading, forex & commodities, real estate and investment funds & advisory. Listed by where the main defendant was based.
The largest by reported amount: Bradley R. Heinrichs, Stephen J. Hatch ($82M, 2021). Charges are allegations unless a court has entered a conviction or judgment.
Pitch phrases seen in these cases
- “up to 36 percent returns”
- “gains exceeding 50% in a single month”
- “investment summary”
- “secured by deeds of trust”
- “first position deeds of trust”
- “1.903 percent”
- “annual returns of 20 percent or more”
- “licensed to sell securities”
Cases
| Date | Case | Location | Industry | Amount |
|---|---|---|---|---|
| May 23, 2023 | Integrated National Resources Inc (dba WeedGenics) Rolf Max Hirschmann (aka Max Bergmann), Patrick Earl Williams |
Boise, ID | Investment funds & advisory | $60M |
| Mar 11, 2021 | Shawn C. Cutting | Sandpoint, ID | Trading, forex & commodities | $6.9M |
| Mar 9, 2021 | Bradley R. Heinrichs, Stephen J. Hatch | Boise, ID | Real estate | $82M |
| Oct 30, 2018 | Shiloh Management Services Inc. Nathan Ward Pyles, Roger Button |
Boise, ID | Real estate | $28M |
| Jan 10, 2018 | KA Investments LLC Rodney Dean Allen |
Boise, ID | Trading, forex & commodities | $1.1M |
| Apr 12, 2012 | Demuzio Capital Management Brad Lee Demuzio |
Chubbuck, ID | Trading, forex & commodities | $1.8M |
| Jul 31, 2009 | Price Geld & Company Inc, Adeona Fund Steven E. Tennies |
Kooskia, ID | Trading, forex & commodities | $1.5M |
| Jul 20, 2009 | Dale's Investment Club Dale Edward Lowell |
ID | Trading, forex & commodities | $2.2M |
| Feb 27, 2009 | Trigon Group Inc Daren L. Palmer |
Idaho Falls, ID | Trading, forex & commodities | $40M |