SEC Uncovers Another Ponzi Scheme
SEC Charges Website Operator in Washington State With Running Ponzi Scheme
The Commission today filed securities fraud and other charges against Quest Holdings, Inc. and its principal, Craig T. Jolly, of Spokane, Washington, for operating an internet-based Ponzi scheme promising monthly returns of up to 19.5 percent.
According to the complaint, defendants Quest and Jolly raised approximately [...]