Former Texas Financial Planner Facing Charges in $8 million Ponzi Scheme

Posted on January 27th, 2015 at 3:35 PM
Former Texas Financial Planner Facing Charges in $8 million Ponzi Scheme

From the Desk of Jim Eccleston at Eccleston Law Offices:

Charles D. Jones, a former financial adviser from Texas, was charged with stealing at least $8 million from his clients in a Ponzi-type investment scheme during the past decade.

Jones was the owner of wealth management firm Charles D. Jones Capital Management, Inc. from 2004 to 2015. His company provided financial planning and investment management for individuals, trusts, foundations and retirement funds.

Jones allegedly stole money and property from his various investors and used their money and property as his own. In addition, Jones used some of the money to pay his personal, family and business expenses. Jones was able to cover up his fraud for many years by using inaccurate tax returns, by lying to his investors and by creating false documents and statements, which hid the thefts from his clients.

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: Charles D. Jones, Charles Jones, Charles D. Jones Capital Management, Ponzi scheme

Return to Archive

TESTIMONIALS

Previous
Next

Hiring Eccleston Law has been one of the best career decisions I have made and this "investment" to maintain my sterling regulatory record has been returned many times over.  If you are in a situation where you've been unfairly accused, don't hesitate to talk with Eccleston Law. They are the best.

Thomas C.

LATEST NEWS AND ARTICLES

October 15, 2021
FINRA Bars Former LPL Advisor Who Allegedly Misappropriated Elderly Client’s Funds

The Financial Industry Regulatory Authority (FINRA) has barred a former LPL advisor who allegedly misappropriated a senior client’s funds and subsequently failed to cooperate in FINRA’s investigation.

October 14, 2021
NASAA Targets Unpaid Arbitration Awards With Proposed New Model Rules

The North American Securities Administrators Association (NASAA) has proposed new rules in an attempt to reduce the large number of arbitration awards that go unpaid to investors who prevail as claimants in arbitration proceedings.

October 13, 2021
SEC Freezes Assets and Halts Alleged Fraudulent Scheme By Ron Harrison

The Securities and Exchange Commission (SEC) has obtained an emergency court order freezing the assets of Ron Harrison, who allegedly operated an ongoing fraudulent scheme.