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On March 25, 2026, the Colorado Securities Commission announced that it had taken swift and decisive action against a Ponzi scheme that had been targeting elderly investors in the state. The scheme, operated by a fraudulent investment company called WealthGuard Investments LLC, promised high returns on investments in non-existent real estate developments.According to the Commission, WealthGuard Investments had been targeting elderly investors through cold calling and promising guaranteed returns of 10% or more per month. Many of the victims were retired individuals who had little experience with investing and were lured in by the promise of high returns with minimal risk.The scheme began to unravel when several investors attempted to withdraw their funds and were met with delays and excuses from WealthGuard Investments. Concerned about the legitimacy of the company, they contacted the Colorado Securities Commission, which promptly launched an investigation into the company's operations.During the investigation, it was revealed that WealthGuard Investments had been operating as a Ponzi scheme, using new investor funds to pay returns to earlier investors. The company had no real investments or assets, and the promised returns were simply being funded by new investor money.In a statement, Colorado Securities Commissioner Jane Smith warned investors to be wary of promises of high returns with little to no risk, especially when dealing with cold callers or unsolicited investment opportunities. She also emphasized the importance of conducting thorough research and due diligence before investing with any company.As a result of the Commission's investigation, WealthGuard Investments has been shut down, and its operators are facing both civil and criminal charges for securities fraud. The Commission is also working to recover funds for the victims of the scheme and has urged anyone who invested with WealthGuard Investments to come forward.This case serves as a reminder of the importance of investor education and vigilance in the face of fraudulent investment schemes. The Colorado Securities Commission continues to work tirelessly to protect investors and uphold the integrity of the state's securities markets.