Ponzi Scheme Series: SEC Shuts Down Ponzi Operation in Canton, Michigan

Last week, the Securities and Exchange Commission (SEC) filed a complaint in the U.S. District Court, Eastern District of Michigan, against C.J.’s Financial and, its Chief Financial Officer, Candice D. Campbell, alleging that Campbell has been running a Ponzi scheme out of Canton, Michigan.

According to the SEC, Campbell has raised at least $1 million from dozens of investors with promises of guaranteed investment returns through the purchase and sale of stock. In reality, Campbell used the investors’ money to purchase cars, jewelry and vacations for herself, and to pay other investors as purported returns on their investments in order to maintain the scheme. Campbell also sent out fabricated statements to clients.

“Once again, there were obvious red flags that a skilled investment professional would have been able to identify in order to avoid becoming a victim of this Ponzi scheme. It is my sincere hope that investors will contact me in the future and take part in Wittenberg Law’s very affordable Investment Scam Prevention Program^TM before writing checks to an investment promoter,” stated Jeffrey Wittenberg, Esq.

Contact Jeffrey Wittenberg at 877-352-2010 if you would like to inquire into the Investment Scam Prevention Program^TM.