Kathy Bazoian Phelps
Senior Counsel in Ponzi Scheme Litigation
and Bankruptcy Matters

Kathy is a senior business trial attorney with more than 30 years experience prosecuting and defending claims for high net worth clients involved in Ponzi scheme matters and in bankruptcy proceedings. Kathy’s practice includes recovering assets for clients in complex fraud cases under standard fee and alternative fee arrangements. She also handles SEC and CFTC whistleblower claims. Kathy also serves as a mediator in bankruptcy matters, in complex business disputes, and in matters requiring detailed knowledge about fraud or Ponzi schemes.

Kathy’s Clients in Ponzi Scheme Cases and Bankruptcy Matters
Equity Receivers
Bankruptcy Trustees
High Net Worth Investors
Debtors in Bankruptcy
Secured and Unsecured Creditors

Sunday, January 31, 2021

January 2021 Ponzi Scheme Roundup

Posted by Kathy Bazoian Phelps 

Below is a summary of the activity reported for January 2021. The reported stories reflect at least  3 new Ponzi schemes worldwide, 4 guilty pleas, 16 years of prison sentences and one life sentence, and an average age of approximately 51 for the alleged Ponzi schemers. Please feel free to post comments about these or other Ponzi schemes that I may have missed.  

Stacey L. Bean, 35, and Travis Laska, 26, were fined $7,500 each in connection with their role with the VisionQuest Wealth Management LLC Ponzi scheme run by Stephen C. Peters. They were accused of assisting in a fraudulent offering of $10.1 million in promissory notes. Peters also owned VisionQuest Capital LLC and VQ Wealth LLC.