Charles D. Jones — Ponzi Scheme

Charles D. Jones Allegedly Ran a Ponzi Scheme in Waco, Texas

Charles D. Jones, of Waco, Texas, allegedly ran a multi-million dollar scheme, according to news reports from Texas.
Charles D. Jones, 61, from 2005 to 2012, allegedly created false account statements in order to conceal money for his own personal benefit, according to reports from the Lone Star State.

Prosecutors alleged that Jones managed accounts for the Cashion Family Limited Partnership; Mark A. Gardon; ARI JOE Ltd., which belonged to Joe Cunningham; Isle of Mann Assurance Ltd.; and the Judith L. Wood revocable trust.

Charles D. Jones Facing Prison Time and Has Been Ordered to Pay More than $9 Million in Restitution to Former Charles D. Jones Capital Management Clientele

Charles D. Jones, in addition to facing prison time, has been ordered to pay more than $9 million dollars in restitution to former clients of Charles D. Jones Capital Management, according to court reports from Waco, Texas.

Jones, who graduated from Baylor Law School in 1978, reportedly surrendered his law license in June 2014, faces up to 30 years in prison, according to court reports from Texas.

Federal Authorities went on to allege that Jones devised a “Ponzi-type scheme” that, as with many like operations, “falls apart at some point and then certain investors are left holding the empty bag.”

The Peiffer Rosca Wolf Investor Rights Lawyers Fight to Help Investors

The Peiffer Rosca Wolf investor rights lawyers often represent investors who lose money as a result of alleged Ponzi schemes. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of alleged Ponzi schemes may contact the investor rights lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Charles D. Jones

Status: INVESTIGATED by Peiffer Rosca.

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Alan Rosca (1163 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.