Wednesday, January 14, 2009

Kessler International, an investigative firm specializing in forensic accounting, computer forensics, and corporate investigation, has recently published a series of press releases regarding Ponzi schemes, and specifically an alleged Ponzi scheme on Long Island that appears to be on the verge of collapsing in the near future.

Despite information regarding the apparent Long Island-based Ponzi scheme being forwarded to several local and state authorities, regulators have thus far failed to act. This mirrors events surrounding the Bernard Madoff Ponzi scheme, in which it was revealed that regulators were given information regarding the scheme as much as ten years ago, but chose to do nothing, resulting in the debacle seen in recent headlines.

For more information regarding the alleged Long Island Ponzi scheme, and Ponzi schemes in general, please find the press releases at the following links:

Investor Beware: Tough Economic Times Opens Up Opportunity for Ponzi Schemes - Kessler International Investigates Investment Scams
New York, New York, July 30, 2008—Kessler International, the world’s premier forensic accounting, computer forensics and corporate investigation strategies firm, has completed a survey into fraudulent loan operations that take advantage of investors seeking a high rate of return. Kessler found that almost 98 percent of the loan operations paying exorbitant rates of return are either Ponzi or pyramid schemes.

Investor Alert - Another New York Ponzi Scheme appears about to Collapse
New York, New York, December 19, 2008—Recently, Kessler’s Long Island office has again received numerous reports from worried individuals, concerned that they have invested large sums of money into what appears to be a Ponzi scheme run by a local company.

Investor Alert - Think You May Be Involved in a Ponzi Scheme?  Look For These Red Flags
New York, New York, January 7, 2009—Ponzi schemes masquerading as legitimate investment operations often raise several red flags that should make any potential investor extremely wary.

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