Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Restitution to Be Paid in North Carolina Ponzi Scheme

A couple from Charlotte, North Carolina has been ordered to pay restitution after an alleged Ponzi scheme took millions from retired and elderly investors. Sidney Hanson pleaded guilty to counts of securities fraud and mail fraud in the scheme. He was sentenced to 22 years in prison earlier this year. His companies, along with his wife Charlotte Hanson, have been ordered to pay out more than $23 million in restitution that was allegedly taken from their investors. According to the allegations, Hanson promised investors a "risk-free" investment opportunity that would pay returns of 8 to 24 percent. Unfortunately, investors instead were being lured into a Ponzi scheme and being paid with money from new investors in the scam. Hanson and his wife are said to have spent the rest on a large farm, expensive vacations, and private plane rentals. The securities fraud attorneys with Meyer Wilson represent victims of Ponzi schemes in stockbroker mediation, arbitration, and litigation. We have recovered millions of dollars in losses for our clients, and we look forward to speaking with you.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram