Miami Attorney Talks Risk, Recovery Process in Ponzi Scheme As Scammer Who Duped Investors Out of $94 Million Awaits Sentencing
Jason Kellogg is featured in the Daily Business Review where he highlighted the risks investors face when massive scams are uncovered. He discussed a $94 million Ponzi scheme in Fort Lauderdale, a case he is not involved in, in which the defendant promised high-yield returns while using forged documents to misappropriate funds and fund a lavish lifestyle. He explained how Ponzi schemes operate and noted that recovering stolen money is often a long process as authorities rely on third-party receivers and civil attorneys, sometimes returning only a fraction of what was lost.
