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On January 11, 2026, the South Carolina Securities Commission announced that it had taken action against a fraudulent investment scheme operating in the state. The scheme, which had been running for several years, was revealed to be a Ponzi scheme that promised high returns to investors but used new investors' money to pay off earlier investors.The scheme was operated by a company called Wealth Management Group, which had been soliciting investments from residents of South Carolina through seminars and online advertisements. The company promised guaranteed returns of over 10% per month, far above the average market rate for investments.After receiving numerous complaints from investors who had not received their promised returns, the Securities Commission launched an investigation into Wealth Management Group. The investigation uncovered evidence of fraudulent activity, including falsified financial statements and deceptive marketing tactics.As a result of the investigation, the Securities Commission issued a cease and desist order against Wealth Management Group, prohibiting the company from soliciting new investments or engaging in any further fraudulent activity. The Commission also imposed fines on the company and its operators, as well as ordering them to repay all funds to investors.In a statement released to the press, the Securities Commission urged residents of South Carolina to be wary of investment opportunities that promise unrealistic returns. They advised investors to thoroughly research any company before making an investment and to report any suspicious activity to the Commission.The Securities Commission's swift action against Wealth Management Group sends a strong message that fraudulent investment schemes will not be tolerated in South Carolina. The Commission is committed to protecting investors and maintaining the integrity of the state's securities market.