Insight

Ponzi Mastermind Sentenced to 12 Years – $54 Million Payment Ordered

Ponzi Mastermind Sentenced to 12 Years – $54 Million Payment Ordered

John Pirie

John Pirie

August 26, 2021 09:56 PM

By John Pirie & Michael Nowina

March 25, 2020

David Holden was recently convicted of defrauding Canadian investors in Seaquest Corporation and Seaquest Capital Corporation of more than $54-million in a complex ponzi-scheme. In related civil proceedings our team acted to obtain significant recoveries for some of Holden’s victims. Sadly, this was not the first time that Holden had defrauded investors.

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