This blog is designed to function as an educational resource for all information related to Ponzi Schemes. While many are no doubt familiar with the more well-known perpetrators such as Madoff or Stanford, few realize that hundreds, if not thousands, of Ponzi Schemes have been uncovered in the past several years. The true toll of these Ponzi Schemes on the economy is unknown, but this blog aims to provide a more detailed look into the expense and complexity associated with the rise and fall of a Ponzi Scheme. While many may perceive each Ponzi Scheme as a separate and unrelated event, most do not realize that each subsequent scheme involves the loss of investor capital, the depletion of investigative resources, and most importantly, the slow erosion of faith in the free market system. This blog is intended to provide a unique insight into this age-old practice, while at the same time assembling a mechanism to track their occurrence and gain an understanding of the true toll, both economic and societal.
Ponzitracker was recognized by LexisNexis as one of the top twenty-five business law blogs in 2011. Additionally, Ponzitracker is ranked among the top 50 legal blogs on the internet by legal website Avvo.
About the Author
Jordan Maglich is an attorney at Wiand Guerra King, P.L. in Tampa, Florida. He is considered an expert on Ponzi schemes and white collar crime, and his practice includes complex commercial litigation, receiverships, Foreign Corrupt Practices Act litigation, and regulatory matters, with a focus on securities and financial services litigation. He represents securities broker/dealers, investment advisors, and their associated persons in federal and state court and in arbitration. Additionally, Jordan is currently part of the team that represents the court-appointed receiver nominated by the SEC in the Arthur Nadel $400 million Ponzi scheme.