SEC accuses Boston man of operating Jamaica-linked Ponzi scheme

[malaise]

http://jamaica-gleaner.com/article/business/20160316/sec-accuses-boston-man-operating-jamaica-linked-ponzi-scheme

The United States Securities and Exchange Commission (SEC) said on Tuesday that it has charged a former Boston resident with operating a US$10 million Ponzi scheme that claimed to generate profits from bridge loans to businesses in Jamaica.

The SEC complaint charges former Boston resident, Mark A. Jones, who now lives in Miami and has a second home in Jamaica.

Jones was arrested on Sunday by the Federal Bureau of Investigation, and the US Attorney for the District of Massachusetts filed related criminal charges against him on Monday, the SEC said in a release out of Washington, DC.

According to the SEC complaint filed in federal court in Boston, Jones began soliciting investors starting around 2007 and said their money would be pooled and used for bridge loans to Jamaican businesses awaiting funds from approved commercial bank loans.

Very curious about that year.

[meaculpa2011]

1. I recently won the Jamaica Lottery...

All I have to do is send them $700 to pay the taxes and fees.

I told him to deduct it from my winnings and send me a check for the remainder. Even offered him a $1,000 gratuity.

I'm waiting at the mailbox.

WOW! Just got a call from the U.S. Government Department of Grants and Treasuries.

Isthmus be my lucky day!

[malaise]

2. That's one of our standard answers

The other is that the FBI is recording everything so chat away