Dunya Predovan, Who Claimed to Have Ties to George Soros, Sentenced to Five Years in Prison After Orchestrating a Ponzi Scheme

Dunya Predovan, of Manahawkin, New Jersey, was sentenced to five years in prison and ordered to repay investors $750,350 in restitution after she pled guilty to a charge of theft by deception.

Predovan orchestrated a Ponzi scheme and gained the attention of investors by informing them that she worked for George Soros in the 1980s and that the hedge fund she was allegedly promoting was handled by Soros.

Predovan represented that investors’ funds would be invested in the pharmaceutical business and would, in turn, receive a large return. However, investors never received any money.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 585-310-5140.

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