More Securities news More news in New Hampshire Find Securities lawyers in New Hampshire
On September 2, 2025, the New Hampshire Securities Commission made a shocking announcement that they had uncovered a massive Ponzi scheme that had been operating within the state for several years. The scheme had defrauded hundreds of investors out of millions of dollars.The scheme revolved around a company called "Investment Innovations", which claimed to be a promising investment opportunity that promised high returns with low risk. However, upon further investigation, it was discovered that the company was nothing more than a front for a sophisticated Ponzi scheme.The scheme operated by using funds from new investors to pay fake returns to earlier investors, creating the illusion of a successful investment. It was estimated that over 500 investors had been affected by the scheme, with losses totaling over $10 million.The Securities Commission issued a cease and desist order against Investment Innovations and its operators, and they are currently facing multiple charges of securities fraud and other related offenses. The Commission is also working with law enforcement agencies to investigate further and bring those responsible to justice.In a statement, the Commissioner of the New Hampshire Securities Commission, Jennifer Smith, urged investors to always be cautious and do their due diligence before investing in any opportunity. She emphasized the importance of researching companies and checking their credentials before handing over any money.This shocking revelation has sent shockwaves through the investment community in New Hampshire, and has served as a stark reminder of the risks involved with investing. The Securities Commission is committed to protecting investors and ensuring that those who engage in fraudulent activities are held accountable for their actions.