Tag: Financial Intelligence and Investigations Unit
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BULLETIN: SEC Halts Alleged $105 Million Ponzi Scheme Operating ‘Offshore’; Daniel Spitzer Charged In Complex International Fraud Case; Several Agencies Credited With Assisting Probe
Saying his offshore Ponzi scheme was on the verge of collapse but still collecting money, the SEC has charged a resident of the U.S. Virgin Islands with fraud. Several international authorities assisted in the probe, the SEC said. Daniel Spitzer, a U.S. citizen who resides in St. Thomas, was charged in the scheme. The SEC…