Giant Ponzi Scheme 

MIAMI — The SEC charged five people and four companies Monday with selling $243 million in unregistered securities as part of the Woodbridge Group’s $1.2 billion Ponzi scheme.

Defendants include Knowles Systems Inc.; Fek Enterprises Inc. dba First Financial Tax Group, Costa Financial Insurance Services Corp., and Atlantic Insurance & Financial Services Inc. Both cases are in Miami Federal Court.

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