$40 Million Ponzi | Courthouse News Service
Thursday, November 30, 2023
Courthouse News Service
Thursday, November 30, 2023 | Back issues
Courthouse News Service Courthouse News Service

$40 Million Ponzi

MIAMI - JCS Enterprises, a South Florida-based Ponzi scheme, used (nonparty) YouTube to bilk investors $40 million in a so-called "virtual concierge machine" scam, the SEC says; click headline to see the defendants in Federal Court.

Here are the defendants: JCS Enterprises, Inc., a Delaware corporation based in Jupiter, Fla.; T.B.T.I. Inc., of Highland Beach and/or Boca Raton; JCS president Joseph Signore, 49, of West Palm Beach; and TBTI president Paul L. Schumack II, 56, of Pompano Bach.

Categories / Uncategorized

Subscribe to Closing Arguments

Sign up for new weekly newsletter Closing Arguments to get the latest about ongoing trials, major litigation and hot cases and rulings in courthouses around the U.S. and the world.