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Startups · 10/09/2026

SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme

The Securities and Exchange Commission has filed charges against Ernest Ossei Boateng and his two New Jersey-based companies, Intercontinental Wealth Network LLC and I Wealth Network LP, for allegedly operating a $16 million Ponzi scheme

Source: U.S. Securities and Exchange CommissionOpen original release →