California Man Is Charged in a $5.5 Million Hedge Fund Ponzi Scheme

Posted on January 26th, 2015 at 10:30 AM
California Man Is Charged in a $5.5 Million Hedge Fund Ponzi Scheme

From the Desk of Jim Eccleston at Eccleston Law Offices:

Geoffrey Nehrenz, an investment adviser, was charged with defrauding 19 investors out of $5.5 million in a Ponzi scheme involving a hedge fund.

The Ponzi scheme took place between October 2009 and September 2013 through Keystone Capital Management, based in Lake Township, California and run by Nehrenz. During this period, Nehrenz sold investment contracts to clients through a Uniontown company. They claim he allegedly induced at least 19 clients to invest about $7 million into a hedge fund, resulting in losses of almost $5.5 million.

Rather than investing the funds, Nehrenz used client money to pay his personal expenses, prolong his investment scheme, and make high-risk transactions.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Geoffrey Nehrenz, Ponzi scheme, hedge fund, Keystone Capital Management, California, Uniontown

Return to Archive

TESTIMONIALS

Previous
Next

I just received this letter from the CFP Board. Thank you, Thank you, THANK YOU!

David Y

LATEST NEWS AND ARTICLES

May 17, 2024
Fidelity Advisor Files Lawsuit Alleging Wrongful Termination Over Whistleblowing

A former Fidelity Investments advisor, Michael Maeker, has initiated legal action against his former firm, alleging wrongful termination in response to his reporting of anti-investor sales tactics.

May 16, 2024
CFTC Investigates Banks for Potential Whistleblower Suppression

The Commodity Futures Trading Commission (CFTC) has initiated inquiries into several banks, including JPMorgan Chase, Bank of America, and Citigroup, regarding potentially hindering whistleblowers from disclosing information, as reported by Bloomberg News.

 

May 15, 2024
NFA Issues Order Against 50.ai Investments LLC

The National Futures Association's (NFA) Business Conduct Committee (BCC) has taken action against 50.ai Investments LLC, a former NFA Member commodity pool operator and forex firm, for violating multiple NFA compliance rules.