Kevin B. Merrill, Jay B. Ledford, & Cameron Jezierski’s Alleged $345 Million Ponzi-like Scheme Halted by an SEC Asset Freeze

Kevin Merrill, Jay Ledford, and Cameron Jezierski, from 2013 to present, allegedly operated a $345 million Ponzi-like scheme, according to SEC Reports 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, and Cameron Jezierski‘s alleged Ponzi-like scheme. Investors who believe they may have lost money in activity related to Kevin Merrill, Jay Ledford, and Cameron Jezierski are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Said Ponzi-like scheme allegedly involved securities offerings full of alleged misrepresentations, fake debt, forged signatures, fabricated wire transfers, the movement of millions of dollars into personal accounts, the SEC notes.

The alleged actions were part of an intricate scheme wherein the aforementioned Defendants allegedly offered and sold investments in the same (and often phony) debt and/or debt portfolios, to multiple victims, the SEC notes.

Merrill, Ledford, & Jezierski Allegedly Used Around 30 Corporate Firms & over 55 Bank Accounts to Move Investor Cash, & Continue their Ponzi-like Scheme

Kevin Merrill, Jay Ledford, and Cameron Jezierski allegedly used a series  of entities they owned and/or controlled, including Defendants Global Credit Recovery, LLC, Delmarva Capital, LLC, Rhino Capital Holdings, LLC, Rhino Capital Group, LLC, DeVille Asset Management LTD, and Riverwalk Financial Corporation to offer and sell securities to investors with the promise of significant profits, according to aforementioned SEC Reports under review by investor rights attorney Alan Rosca.

The aforementioned firms and a total of approximately 30 interrelated corporate entities and over 55 bank accounts were allegedly used to move investor money, deceive investors, and keep said Ponzi-like scheme afloat with a stream of greater and greater sums of cash.

Stephanie Avakian, Co-Director of the SEC’s Division of Enforcement, has made the following statement:

The defendants touted their purported investment expertise to siphon millions of dollars from unsuspecting investors… We filed this action on an emergency basis to put a stop to this fraud and protect investors from further harm.

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, and 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, and 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 rosca@lawgsp.com, or through the contact form on this webpage.