Cases by state
Ponzi schemes in Puerto Rico
4 cases announced 2012–2023, involving about $31.9M in reported investor money. Most common types: trading, forex & commodities. Listed by where the main defendant was based.
The largest by reported amount: Ramon Salvador Delgado-Gomez, Walmy Rivera-Santiago, Hector Javier Santos-Pagan ($13M, 2023). Charges are allegations unless a court has entered a conviction or judgment.
Pitch phrases seen in these cases
- “investment contracts”
- “legitimate business functions”
- “were promised an incredible return on the investment”
- “using a market volatility strategy”
- “100% guaranteed”
- “a risk-free way to earn high returns in a short period of time”
- “up to 50 percent”
Cases
| Date | Case | Location | Industry | Amount |
|---|---|---|---|---|
| Feb 13, 2023 | Ramon Salvador Delgado-Gomez, Walmy Rivera-Santiago, Hector Javier Santos-Pagan | Puerto Rico | Trading, forex & commodities | $13M |
| Oct 27, 2016 | Carlos Maldonado | San Juan, PR | Trading, forex & commodities | $5M |
| Jun 28, 2016 | Alvin Guy Wilkinson | San Juan, PR | Trading, forex & commodities | $6.9M |
| Aug 21, 2012 | Shadai Yire Ricardo Bonilla Rojas |
Arecibo, PR | Trading, forex & commodities | $7M |