Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Saturday, June 15, 2024 | Back issues
Courthouse News Service Courthouse News Service

Ponzi Scammer Targeted the Deaf, SEC Says

HONOLULU (CN) - Marvin Cooper and Billion Coupons targeted deaf people in a $4.4 million Ponzi scheme with 125 victims, and Cooper siphoned off $1.4 million for himself, the SEC claims in Federal Court. It claims Cooper invested only $800,000 of the money in foreign exchange accounts, as promised, and lost more than $750,000 of it.

Cooper, 32, lives in Honolulu. The Commodity Futures Trading Commission sued him too.

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.