Wheat Ridge, Colorado Man Pleads Guilty to Orchestrating a $4.8 Million Ponzi Scheme

Posted on January 20th, 2015 at 2:54 PM

From the Desk of Jim Eccleston at Eccleston Law Offices:

Perry Sawano pled guilty to swindling investors in a $4.8 million Ponzi scheme between 2007 and 2013.

Sawano was accused of running the scheme from his Integrity Financial Consulting firm, previously known as Providence Financial Services, as a licensed investment adviser. Sawano directed investors’ money into alternative investments, but told investors that their money was placed in traditional instruments.

Those alternatives included businesses owned and operated by Sawano. But Sawano provided little, if any, disclosure and information describing risks, merits or terms and conditions of those investments.

In addition, an investor's money would sometimes be used to pay other investors or Sawano would deposit money in shell company bank accounts he owned or controlled.

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

Tags: Ponzi scheme, Perry Sawano, Integrity Financial Consulting, Providence Financial Services

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