Regulation

SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme

U.S. Securities and Exchange CommissionPublished: 10 Sep 2026, 20:45Imported: 19 Sep 2026, 09:45

The Securities and Exchange Commission today charged Ernest Ossei Boateng and two New Jersey-based companies he controls, Intercontinental Wealth Network LLC and I Wealth Network LP, for allegedly raising approximately $16 million from more than 200…

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