Kevin Merrill, Jay Ledford, & Cameron Jezierski Allegedly Ran $364 Million Ponzi Scheme- One of the Biggest in Maryland History; SEC Emergency Asset Freeze Obtained
Kevin Merrill, Jay Ledford, & Cameron Jezierski allegedly raised $364 million from over 400 U.S. investors as part of a purported Ponzi scheme, according to an SEC Report under review by investor rights attorney Alan Rosca.
Alan Rosca, of the Goldman Scarlato & Penny PC law firm, is investigating activity related to Kevin Merrill, Jay Ledford, & Cameron Jezierski’s alleged Ponzi scheme. Investors who believe they may have lost money in activity related to Kevin Merrill, Jay Ledford, & Cameron Jezierski are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.
A federal grand jury has indicted Kevin B. Merrill, age 53, of Towson, Maryland, Jay B. Ledford, age 54, of Westlake, Texas and Las Vegas, Nevada, and Cameron R. Jezierski, age 28, of Fort Worth, Texas, on charges of alleged conspiracy, wire fraud, identity theft, and money laundering, arising from an alleged $364 million investment fraud scheme, the SEC notes.
Kevin Merrill, Jay Ledford, & Cameron Jezierski Allegedly Falsely Represented to Investors that they would Use the Investors’ Money to Buy Consumer Debt Portfolios
Kevin Merrill, Jay Ledford, & Cameron Jezierski, beginning in January 2013, allegedly invited investors to join them in purchasing consumer debt portfolios, according to the aforementioned SEC Report under review by attorney Alan Rosca.
Said defendants allegedly made false representations to investors that they would use the investors’ money to buy consumer debt portfolios and make money for them by collecting the payments that people made on their debts or purportedly selling the portfolios for a profit to third party debt buyers–in a practice called flipping.
According to the related complaint filed by the SEC, the alleged victim investors included small business owners, restaurateurs, construction contractors, retirees, doctors, lawyers, accountants, bankers, talent agents, professional athletes, and financial advisors, located in Maryland, Washington, D.C., Northern Virginia, Las Vegas, Texas, and elsewhere, the SEC notes.
Securities Lawyer Investigating
The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Kevin Merrill, Jay Ledford, & Cameron Jezierski’s alleged Ponzi-like scheme. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, and has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.
Investors who believe they lost money as a result of Kevin Merrill, Jay Ledford, & Cameron Jezierski’s alleged Ponzi-like scheme may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at email@example.com, or through the contact form on this webpage.