The Department of Justice extradited Matthew Melton from the United Kingdom on December 23, 2025. Authorities accuse Melton, of Boulder, Colorado, of wire fraud in connection with a Ponzi-type securities scheme.
The DOJ states, “As alleged, Matthew Melton told investors he was using groundbreaking technology and cutting-edge trading techniques to generate record returns.” Investigators and officials assert otherwise. Prosecutors state, “In reality, Melton was allegedly […] taking new investors’ money to pay old investors and pocketing funds for himself along the way.” This is the definition of a Ponzi-type scheme.
Wire fraud requires the government to prove that Melton intended to defraud investors by means of interstate wire communication. This intent to defraud also violates federal securities laws.
According to Fortune, Melton promised investors 10% gains. Now, he’s accused of using investor money for sailing excursions in an alleged Ponzi scheme. The misappropriated funds are approximately $3.4 million.
The Department of Justice release reiterates that Melton has not yet been convicted. Melton also violated Colorado state law if allegations are true. Prosecutors seek to imprison Melton for a term of up to 20 years.
Jeffrey Pederson represents Colorado investors and has been doing so for over 20 years.
Recent Comments