Call Now For a Free Consultation:
(614) 502-6165

Sacramento Man Arrested for $11 Million Ponzi Scheme

A Sacramento man has been arrested for his alleged involvement in an $11 million Central Valley Ponzi scheme. Christopher Jackson, 43, of Sacramento, faces wire fraud charges stemming from an investment scam that bilked investors out of millions.

According to U.S. Attorney Benjamin Wagner, Mr. Jackson operated his alleged Ponzi scheme between 2005 and 2009, using the corporate name Genesis Innovations. Investors were under the impression that their money was going to be used to invest in real estate and were supposedly promised a 14 percent annual rate of return.

Court documents indicate that Mr. Jackson only used about $2.5 million to invest in real estate. Mr. Jackson has been accused of using the rest of the money to pay returns to older investors, as well as to support his lavish lifestyle.

According to the complaint, Mr. Jackson purchased a BMW and leased a Lamborghini and Range Rover. He has also been accused of frequenting high-end restaurants, staying at luxury hotels and buying expensive jewelry.

Federal authorities arrested Mr. Jackson on Monday, November 15, 2010. He was released later that day on pretrial conditions that preclude him from selling investments of any kind.

The FBI has asked anyone who has invested with Mr. Jackson in the last six months to contact them at (916) 481-9110.

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
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