California Man Is Charged in a $5.5 Million Hedge Fund Ponzi Scheme

Posted on January 26th, 2015 at 10:30 AM
California Man Is Charged in a $5.5 Million Hedge Fund Ponzi Scheme

From the Desk of Jim Eccleston at Eccleston Law Offices:

Geoffrey Nehrenz, an investment adviser, was charged with defrauding 19 investors out of $5.5 million in a Ponzi scheme involving a hedge fund.

The Ponzi scheme took place between October 2009 and September 2013 through Keystone Capital Management, based in Lake Township, California and run by Nehrenz. During this period, Nehrenz sold investment contracts to clients through a Uniontown company. They claim he allegedly induced at least 19 clients to invest about $7 million into a hedge fund, resulting in losses of almost $5.5 million.

Rather than investing the funds, Nehrenz used client money to pay his personal expenses, prolong his investment scheme, and make high-risk transactions.

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Geoffrey Nehrenz, Ponzi scheme, hedge fund, Keystone Capital Management, California, Uniontown

Return to Archive

TESTIMONIALS

Previous
Next

If the regulators are after you, and are trying to make a case against you, and you are going to contest their allegations against you, make sure you have the best securities industry defense lawyers, Eccleston Law Firm. My case was spun into a combination of penalties including fines, cash settlements, CE courses and suspension. They were the best I have seen in action. When all was said and done, they had done their magic, my situation was negotiated and settled with a simple "letter of caution" and a case closed without action. It is the most important legal business decision you will ever make, make it Eccleston Law.

Rick R.

LATEST NEWS AND ARTICLES

March 14, 2025
Apex Clearing to Pay $3.2 Million in FINRA Settlement Over Securities Lending Violations

Apex Clearing, the clearing arm of Apex Fintech Solutions, has agreed to pay $3.2 million to settle FINRA allegations that it failed to ensure customers received compensation for lending their securities.

March 13, 2025
Congress Considers Expanding the Accredited Investor Definition

A recent congressional hearing examined potential reforms to the accredited investor definition, a critical threshold determining who can participate in private market investments.

March 12, 2025
GPB Capital Investors May Receive Some Compensation Under Proposed Distribution Plan

GPB Capital Holdings investors have not received returns on their investments since 2018. According to InvestmentNews, after years of litigation, a court-appointed receiver has submitted a plan to return funds to the 17,000 investors who purchased $1.8 billion in GPB limited partnerships.