web analytics

Home Tags Shervin Neman

Tag: Shervin Neman

A Ponzi scheme targeted members of the Persian-Jewish community in Los Angeles.

SEC Shuts Down Ponzi Scheme Targeting Persian-Jewish Community in Los Angeles

25 Nisan 5772 – April 17, 2012
The SEC alleges that for the past two years, Shervin Neman raised more than $7.5 million from investors by claiming to be a hedge fund manager. Although Neman promised investors exorbitant returns resulting from his investing acumen and access to pre-IPO shares of well-known companies, what they actually received was simply other investors’ money in hallmark Ponzi scheme fashion.

Latest News Stories


Sponsored Post

Custom Ordered Rabbis

Recommended Today


Something Random from the Week

Printed from: http://www.jewishpress.com/news/us-news/sec-shuts-down-ponzi-scheme-targeting-persian-jewish-community-in-los-angeles/2012/04/17/

Scan this QR code to visit this page online: