Naval Academy Grad Charged In Ponzi Scheme

Posted on February 3rd, 2014 at 9:30 AM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Bryan Caisse, a 50-year-old United States Naval Academy grad, has been indicted on charges of stealing $1.2 million from his friends in a Ponzi scheme.

Caisse operated a Ponzi scheme through a hedge fund called “Huxley Capital Management.” Caisse claimed that he could earn 8% profits through speculation on government-sponsored, mortgage-backed securities. However, he used the funds solicited from victims to pay for his upscale apartment, private school for his daughter, a car lease and other amenities. As the scheme began to unfold, he gave his investors a series of bizarre excuses to delay redeeming their principal. For example, he told investors that he suffered a concussion which led him to forget amount of money they had invested, or his checks returning their money were lost in the mail. 

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 50 years in delivering the highest quality legal services. 

Related Attorneys: James J. Eccleston


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