SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme

Official press release · SEC Press Releases RSS

This page reproduces a recorded source event. It is not a live quote, forecast, recommendation or legal conclusion.

Event type

news.press_release

Occurred

2026-09-10

Reported

2026-09-10

Disclosure lag

0 days

Context

links are based on the recorded entity type

Field	Recorded value
Entity	U.S. Securities and Exchange Commission
Source	SEC Press Releases RSS ↗
News section	Unclassified
Source identifier	sec-press-2026-09-10-21
Source-linked related entities	None recorded
Event ID	#1128760

Related recorded events

same canonical or source-linked entity relations

Reported	Type	Event	Source
2026-09-10	SEC litigation release	Paul W. Jorgensen	SEC Litigation Releases RSS
2026-09-09	SEC litigation release	Justin Chen	SEC Litigation Releases RSS
2026-09-08	SEC litigation release	Francisco Javier Sarabia	SEC Litigation Releases RSS
2026-09-04	SEC litigation release	Institutional Shareholder Services, Inc.	SEC Litigation Releases RSS
2026-09-04	SEC litigation release	Parker Terrill Austin; Embarcadero Capital Advisors, Inc.	SEC Litigation Releases RSS
2026-09-04	SEC litigation release	Omar Dario Chavez	SEC Litigation Releases RSS
2026-09-04	SEC litigation release	Trijya Vakil and Neeraj Visen	SEC Litigation Releases RSS
2026-09-04	SEC litigation release	Waldon Fenster	SEC Litigation Releases RSS

Recorded payload

JSON payload as stored after parsing

{
  "category": null,
  "coverage": "official RSS press release; short feed summary only",
  "language": "en",
  "published_at": "2026-09-10T17:45:22Z",
  "source": "sec-press",
  "summary": "The Securities and Exchange Commission today charged Ernest Ossei Boateng and two New Jersey-based companies he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, for allegedly raising approximately $16 million from more than 200…",
  "title": "SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme",
  "url": "https://www.sec.gov/newsroom/press-releases/2026-86-sec-charges-founder-his-two-new-jersey-based-companies-alleged-16-million-ponzi-scheme"
}

Evidence-based analysis

facts, provenance and explicit model coverage

Descriptive evidence from the stored source record; it is not advice, a forecast or a legal conclusion.

Dimension	Status / value	Method or boundary
What happened	available · SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme	The Securities and Exchange Commission today charged Ernest Ossei Boateng and two New Jersey-based companies he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, for allegedly raising approximately $16 million from more than 200…
When	source_backed · reported 2026-09-10	Occurred 2026-09-10. Source-record timestamps; no timezone or event time is inferred.
Affected entities	resolved · U.S. Securities and Exchange Commission · 0 related	Canonical primary entity and stored related_entity_ids only.
Event classification	news · news.press_release	canonical event type plus source-provided category; no sentiment or impact is inferred
Entity linking	resolved	Canonical entity resolved during ingestion
Deduplication	applied	unique source event key at ingestion
Source trust	high · terms allowed	Source registry metadata
Sentiment	not_covered	No sentiment model output is published for this record.
Market reaction	not_covered	Requires licensed quote, candle and volume observations for the affected instrument.
Historical analogs	not_covered	Requires an audited event-cluster corpus and matching methodology.
Impact mechanism	not_covered	No causal market-impact model is published for this record.
Related risks	not_covered	Risk implications require an audited instrument/entity exposure model.
Instrument linkage	not_covered	No instrument relation is inferred from an entity event; licensed instrument mapping is required.

Source: Open original press release · as of 2026-09-10T17:45:22Z

Source: SEC Press Releases RSS · as of 2026-09-10T17:45:22Z