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


Return to Archive



If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.


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 Investments LLC

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