OAKLAND, Calif.–(BUSINESS WIRE)–Gibbs Law Group and Silver Law Group have filed a class action lawsuit in federal court in Nevada on behalf of investors defrauded by the alleged $300 million Ponzi scheme run by Matthew Beasley, Jeffrey Judd and related entities. According to the investor lawsuit, hundreds of investors in Nevada, Utah and California were lured into personal-injury settlement contracts on the promise of “risk-free,” high rates of return. Meanwhile, defendants used investor money for luxury cars, extravagant homes and lavish lifestyles for themselves. This lawsuit seeks to recoup hundreds of millions of dollars in allegedly misappropriated investor funds and demands an accurate accounting of all defendants’ accounts. The law firms’ investigation continues into additional parties who participated in or otherwise aided the fraud. Investors interested in joining the Matthew Beasley and J&J Ponzi scheme class action lawsuit are encouraged to contact us at 866-941-2677.
According to the Wall Street Journal, the FBI is investigating the president of J&J Consulting and J&J Purchasing, Jeffrey Judd, together with Las Vegas attorney Matthew Beasley for defrauding investors through the alleged Ponzi scheme. Although neither have yet been charged with financial crimes, Matthew Beasley has been taken into custody after assaulting an FBI agent in a shootout at his home on March 3, 2022. Soon after, the FBI posted a notice seeking victims of an…
