Gabriel Ramos and Miguel Miranda Jr. – Charges Filed on Ponzi Scheme

Gabriel Ramos and Miguel Miranda Jr. – Charges Filed on Ponzi Scheme | Goodman & Nekvasil P.A. May Recover Investor Losses


Based on the information gathered to date, in 2015 and 2016, Gabriel Ramos and Miguel Miranda raided more than $500,000 as part of a scheme that defrauded at least 11 investors, including residents of Franklin County, Washington. Miranda and Ramos represented that investors would earn huge profits within approximately 30 to 90 days. Investors were told their funds would be loaned to local small business borrowers who would repay the loans by a specific payout date. Borrowers would also pay investors an additional return, which for most investments was 30%. Investors were given little or no information about the purported borrower – in many instances only their initials. Miranda and Ramos deceived investors by representing that the returns were “guaranteed” and claiming there was a “reserve” to repay them if a borrower defaulted on their loan. Based on these assurances, some investors liquidated or took loans from their retirement accounts and some invested most of their life savings.

The scheme began to collapse in September 2016, when Ramos was unable to repay investors. Ramos claimed that investor funds were in the hands of several “bad borrowers” who failed to repay their loans. DFI’s analysis of Ramos’ bank records found that Ramos operated a Ponzi scheme, and used investor funds to repay prior investors and for personal expenses, such as his wedding. Investors lost more than $300,000.

Ramos also caused HAPO Community Credit (HAPO) to lose more than $75,000 In a check-kiting scheme that was conducted on October 4, 2016. In the course of one day, Ramos and his wife conducted multiple transactions at four different HAPO branches. Ramos purchased cashier’s checks and received thousands of dollars in cash, using bad checks that he wrote from a credit union account.  

Investors May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors. 

All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years. 

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

If you incurred investment losses and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.


Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange


Contact Us Today!

1 Step 1
FormCraft - WordPress form builder