Jonathan and Tanner Adam Charged by SEC in $60 Million Ponzi Scheme – Goodman & Nekvasil, P.A.
Jonathan and Tanner Adam Charged by SEC in $60 Million Ponzi Scheme.
Call 800-500-4442 if you think that you have received unsuitable investment recommendations from your adviser.
The SEC’s complaint alleges that , from January 2023 to June 2024, the Adam brothers solicited and lured victims with the promise of up to 13.5 percent monthly investment returns. “As we allege, the Adam brothers promised their investors high returns on a crypto investment that did not exist, and then used investor funds to make Ponzi-like payments and to purchase designer goods, recreational vehicles, and million-dollar homes,” said Justin C. Jeffries, Associate Director of Enforcement in the SEC’s Atlanta Regional Office.
The SEC’s complaint, filed on August 26, 2024 in the United States District Court for the Northern District of Georgia, charges Jonathan Adam, Tanner Adam, GCZ Global, LLC, and Triten Financial Group LLC with violating the antifraud provisions of the federal securities laws.
Jonathan and Tanner Adam Charged by SEC in $60 Million Ponzi Scheme.
Goodman & Nekvasil, P.A., is investigating brokers who may have unsuitably recommended investments to their clients.
St. Petersburg, Florida law firm Goodman & Nekvasil, P.A., has a national practice representing victimized investors. The firm continues to investigate brokerage firms that placed elderly retirees and other conservative investors in unsuitable investments.
Goodman & Nekvasil, P.A., has filed numerous cases against brokerage firms selling high-risk investments and has recovered more than $400 million dollars on behalf of victimized investors.
We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.
There is no charge for an evaluation of your case. We handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee.
If you incurred losses on your investment and would like your case evaluated by a securities attorney, please contact us.
Some of the information in this blog post was obtained from FINRA on 8/27/24. If you believe this information was reported incorrectly, please contact our firm: 1-800-500-4442.