Investment Broker and Attorney Charged with Running Multiple Ponzi Schemes
Roosevelt Tobias “Toby” Bailey, a Duluth, Georgia resident, and Alvin Jones, a former prosecutor and current practicing attorney, have been indicted, arrested, and arraigned in federal court on charges arising from two alleged multi-year, multi-million-dollar Ponzi schemes.
What happened
Roosevelt Tobias “Toby” Bailey, a Duluth, Georgia resident, and Alvin Jones, a former prosecutor and current practicing attorney, have been indicted, arrested, and arraigned in federal court on charges arising from two alleged multi-year, multi-million-dollar Ponzi schemes.
Why it matters
The proceeding may create legal precedent, financial exposure or operating constraints for Regulation.
Affected entities
View evidence
1 reports · 1 original report · 1 independent
- U.S. Department of JusticePrimary source · Supports · EN · 100%Investment Broker and Attorney Charged with Running Multiple Ponzi Schemes ↗
Claims
- Investment Broker and Attorney Charged with Running Multiple Ponzi Schemes Observed
Conflicts
No material conflict detected in the available evidence.
Timeline
- First reported
Market move following event
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