SEC · announcement · urgent
SEC charges founder and two NJ companies in alleged $16M Ponzi scheme
The SEC charged Ernest Ossei Boateng and two New Jersey-based companies he controls—Intercontinental Wealth Network LLC and I Wealth Network LP—for allegedly raising approximately $16 million from more than 200 investors in a Ponzi scheme.
- Agency
- SEC
- Jurisdiction
- US-FED
- Action type
- announcement
- Severity
- urgent — penalty-bearing, effective immediately, or a serious health hazard
- Published
- Recorded
- Tags
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