A Jacksonville real estate broker who is accused of orchestrating a Ponzi scheme that defrauded investors of nearly $6 million now faces federal charges of wire fraud, related to loans from the COVID-19 era Paycheck Protection Program.
Jacksonville real estate broker Cedric Griffin is now behind bars after years on the run, facing accusations of orchestrating a Ponzi scheme that defrauded investors of nearly $6 million.
Jacksonville Sheriff’s Office records show that a Jacksonville real estate broker accused of running a multi-million dollar Ponzi scheme is behind bars after police searching for years.
Authorities are still trying to track down a Jacksonville man who has been accused by the Securities and Exchange Commission (SEC) of running a multi-million dollar Ponzi scheme.
Investigators say Cedric Griffin swindled dozens of people who invested nearly $6 million with him in what they thought were real estate deals.
JSO is searching for a man accused of organized fraud. The Securities of Exchange Commission has also filed a civil lawsuit against the suspect, claiming Cedric Griffin scammed more than 100 victims into contributing nearly $6 million to a real estate Ponzi scheme.
