Brent Seaman faces accusations from federal officials for orchestrating a Ponzi scheme. The indictment reveals that from at least June 2019 to November 2022, Seaman, a resident of Fort Myers, defrauded investors by making fraudulent claims about previous trading success, past investment performance, and the use of victim-investors’ funds. He promised guaranteed rates of return and misled investors about the status and management of their investments.
Instead of investing the funds as promised, Seaman used money from new victim-investors to pay off older victim-investors in a typical Ponzi scheme. He incurred substantial losses in currency trading and indulged himself by purchasing jewelry, cars, and other luxury items while also paying off credit card debt. In total, Seaman collected approximately $36 million from victims, many of whom were local Florida residents he knew personally.
Jeffrey Pederson represents victims of Ponzi schemes. Call for a free consultation.
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