Former New Jersey financial planner pleads guilty to $9.7 million Ponzi scheme
Reported: Somerset County college consulting and financial planning Ponzi scheme SOMER (Person)
Compiled by ScamMarketCap from public recordsHappened Oct 30, 2026United States
- $9.7M
- Taken from 65 victims, per US prosecutors
- 65
- People on record
- 0
- Joined here
- 0
- Open to a lawyer
According to the U.S. Attorney's Office for New Jersey, a former college consulting and financial planning business owner in Somerset County admitted to running a Ponzi scheme over more than 10 years. The scheme defrauded 65 victims of more than $9.7 million.
From the news: this case was opened from a report by the US Justice Department and hasn't been verified by ScamMarketCap. If it happened to you too, add yourself to the case.
Sources
This case file is compiled from public records and established reporting. Status as of the last update, Nov 1, 2026.
Case files summarize court records, regulator actions and established reporting.
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