Final Defendant in Ponzi-Like Fraud Case Sentenced to 2 Years in Prison

Posted on December 6th, 2019 at 11:34 AM
Final Defendant in Ponzi-Like Fraud Case Sentenced to 2 Years in Prison

From the Desk of Jim Eccleston at Eccleston Law LLC:

Cameron R. Jezierski is the last of three alleged perpetrators to be sentenced in a criminal case parallel to a 2018 SEC complaint regarding a $345 million Ponzi scheme that defrauded over 230 investors across the country.

Jezierski has been sentenced to serve 2 years in prison and an additional year of home confinement, along with a forfeiture payment of $116,435 and restitution of $45,093,384.

The original SEC complaint purported that Jezierski and codefendents Kevin B. Merrill and Jay B. Ledford “allegedly attracted investors by making false statements about how investors’ money would be used and propped up their misstatements by creating sham entities and fraudulent documents” between 2013 and 2018. The defendents allegedly used the funds to “make Ponzi-like payments to investors and to fund Merrill and Ledford’s extravagant lifestyles.” Merill and Ledford already have been sentenced to 22 years and 14 years in prison, respectively.

The attorneys of Eccleston Law LLC represent investors and advisors nationwide in securities and employment matters. The securities lawyers at Eccleston Law also practice a variety of other areas of practice for financial investors and advisors including Securities FraudCompliance ProtectionBreach of Fiduciary DutyFINRA Matters, and much more. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services. If you are in need of legal services, contact us to schedule a one-on-one consultation today.

Related Attorneys: James J. Eccleston

Tags: james eccleston, eccleston law, eccleston law llc, eccleston, ponzi scheme, cameron jezierski, sec

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