Consumer Law

Investors Sue Las Vegas Attorney Over a $300M Ponzi Scam

A Las Vegas attorney who was shot and wounded before his arrest by FBI agents for heading a $300 million Ponzi scheme is facing a class action lawsuit.

The Las Vegas Review-Journal reported Monday that several investors who say they lost tens of thousands of dollars are suing Matthew Beasley.

In the suit, the plaintiffs alleged they were persuaded to invest in a company that gave short-term funding to people who had settled personal injury cases. J&J Consulting assured investors “10% to 20% returns paid every couple of months.”


Read the source article at Associated Press News

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