SEC Accuses Guy S. Della Penna of Orchestrating a $3.8 million Ponzi Scheme

Rochester stockbroker fraud lawyerGaeton “Guy” S. Della Penna is accused of operating a Ponzi scheme that raised over $3.8 million from investors from 2008 to 2013. Della Penna used investors’ funds to make mortgage payments on his 10,000-square-foot home and to make payments to his girlfriend who lived with him in the home, according to a complaint filed by the Securities and Exchange Commission (“SEC”).

Della Penna is also accused of transferring money from new investors to prior investors to represent returns on their investments, according to the complaint. Della Penna provided some investors with false account statements to mislead them into believing they were profiting by investing their money with him, according to the complaint.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1174 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.