SEC Charges Florida Woman Behind Ponzi Scheme

Posted by Juliette Gibson on Fri, Oct 04, 2013 @ 02:15 PM

The SEC charged Jenny Copland of South Florida with defrauding investors in a Ponzi Scheme targeting the local Colombian-American community by telling investors that her company Immigration General Services operated through an investment broker that would invest the money she raised in immigration bail bonds and turn a profit.

In classic Ponzi fashion, she used funds from new investors to pay the supposed profits to earlier investors while never actually placing funds with any investment broker.  

In a parallel action, the U.S. Attorney’s Office for the Southern District of Florida today announced criminal charges against Coplan.

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Tags: Securities and Exchange Commission, Ponzi Scheme, fraud, SEC