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 Wolf Carr & Kane Investor Rights Lawyers Fight to Help Investors
The Peiffer Wolf Carr & Kane 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 Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Charles D. Jones
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