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The Securities and Exchange Commission charged Ernest Ossei Boateng and two New Jersey companies he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, alleging they ran a Ponzi scheme that raised about $16 million from more than 200 investors between January 2020 and March 2026. The complaint says Boateng diverted roughly $5.8 million for personal use, used about $6.6 million to pay earlier investors, and incurred more than $750,000 in trading losses on speculative activity.
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