Jerome “Joe” Bonnett Jr.—Ponzi Scheme
Jerome “Joe” Bonnett Jr. Allegedly Ran a Meticulous $1.35 Million Ponzi Scheme Involving a Few of His 83 Clients
Jerome “Joe” Bonnett Jr., of Omaha, Nebraska, allegedly operated a $1.35 million Ponzi Scheme involving a few of his 83 clients, according to reports from Douglas County.
Said reports also made note that Bonnett Jr. also, in a rare turn of events, apparently left copious notes detailing how much cash he allegedly siphoned and the purported profits his customers could have made.
Bonnett Jr. allegedly stole from widows and lied to clients, Douglas County officials reported.
Jerome “Joe” Bonnett Jr.’s Suicide Allegedly Will Spur Life-insurance Payments to Purported Victims
In a rather bizarre turn of events Omaha financial advisor Jerome “Joe” Bonnett Jr. allegedly set up life insurance policies which will repay his alleged fraud victims, according to reports from Douglas County.
Bonnett Jr.’s life insurance policies will pay out a combined $7 million, over $5 million more than the $1.3 million lost by actions related to Bonnett’s violations of Nebraska securities laws, Douglas County officials report.
Rita Smedra, one alleged victim, is set to take in $682,000 from Bonnett Jr.’s life insurance, almost twice as she and her husband had invested, according to reports from Douglas County.
The Peiffer Wolf Carr & Kane Securities Lawyers Often Assist Investors
The Peiffer Wolf Carr & Kane securities lawyers assist 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 Ponzi schemes are encouraged to contact the securities 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.