Emloyment Law Group - Law Firms - Whistleblower Lawyers
Live Chat Contact Us 24/7 Email US
Contact Us: Live Chat, Call, Email Chat email

Use of this form does not establish an attorney-client relationship. As a next
step, you will hear from a client specialist.

Our Clients in Their
Own Words
Play Video: Whistleblower Attorney Testimonials | Wendell Carter
Previous Video
Next Video

Toll Free: 1-888-826-5260
Fax: 202-261-2835

[email protected]

1717 K St. NW
Ste 1110
Washington, DC 20006-5345

The Employment Law Group,PC. BBB Business Review

Whistleblower Law Blog

SEC Uncovers Millions Lost in D.C. Area Ponzi Scheme

The Securities and Exchange Commission (SEC) charged North Bethesda resident Garfield M. Taylor and his associates with running a multi-million dollar Ponzi scheme in which he promised investors annual returns of about 20 percent with little or no risk.  Instead, Taylor lost investors money on highly risky options and used funds from new investors to pay the interest promised to other investors.

According to the SEC, Garfield collected more than $27 million from investors between 2005 and 2010.  Any whistleblowers who reported Garfield’s Ponzi scheme to the SEC would likely be eligible for an award under the SEC’s Whistleblower Award Program, which was established following the recent financial crisis that lead to the uncovering of the multi-billion dollar Bernard Madoff Ponzi scheme.

Tagged: ,

decorative line
facebook logo twitter logo linkedin logo
Home  |  What We Do  |  Our Team  |  Our Clients  |  In The News  |  Resources  |  Contact Us

Our Location: Washington, D.C.

© 2021 The Employment Law Group, P.C. - All rights reserved.
Disclaimer | Terms of Use | Privacy Policy