Peiffer Rosca Wolf investigating Puerto Rico’s Rojas over Alleged $7 Million Ponzi Scheme
Ricardo Bonilla Rojas, 53, allegedly raised $7 million from as many as 200 investors, specifically targeting unsuspecting factory workers and evangelical Christians, according to the SEC’s Miami regional office, and is currently the subject of investigation by the Peiffer Rosca Wolf investment recovery lawyers.
The SEC alleges that Rojas, in sum, allegedly defrauded investors of more than $2.3 million through his company, Shadai Yire, a reported Ponzi scheme. According to SEC documents under review at present by attorneys Alan Rosca and Joe Peiffer, Bonilla marketed his company, Shadai Yire, in conversations with people including factory workers and in presentations to evangelical Christian groups, promising returns of up to 50 percent.
Bonilla Allegedly Stole $700,000, Never Registered with SEC
From August 2005 until February of 2009, Bonilla allegedly stole $700,000 for himself while running the alleged scheme, while at the same time other funds were paid to people who promoted his company, according to the SEC Complaint currently under review by attorneys Alan Rosca and Joe Peiffer.
In addition, said Complaint further alleges that Bonilla reportedly never registered with the commission, and that he marketed his company as an international enterprise involved in global private investments.
Finally, Bonilla allegedly solicited money which was supposed to have been used for the purchase and sale of commodities including crude oil, grains, woods and metals from China and countries in Europe and South America, according to the U.S. Attorney’s Office.
Investment Recovery Attorneys Investigating
The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and are currently investigating Ricardo Bonilla Rojas, and his alleged Shadai Yire Ponzi scheme. 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.
Any investor who believes they lost money as a result of Ricardo Bonilla Rojas, and his alleged Ponzi scheme may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.