Business
SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme
Facts
- The Securities and Exchange Commission charged Ernest Ossei Boateng and two New Jersey-based companies he controls for allegedly raising approximately $16 million from more than 200 inexperienced investors through a Ponzi scheme. [1]
- Boateng operated the alleged Ponzi scheme from at least January 2020 until at least March 2026. [1]