Jacksonville investment adviser Wayne McLeod ran a Ponzi scheme that raised at least $34 million from federal employees across the nation, authorities said. McLeod, 48, killed himself Tuesday in a Mandarin park, four days after telling investors the fund was closed and no more money would be paid out. In a complaint filed Thursday, the SEC charged McLeod?s firms with fraudulently soliciting investors for a government bond fund that never existed. The SEC said more than 139 investors of the 260 they have found still had money invested in McLeod?s bogus fund. We’ve got another front-page story slated for Saturday morning that lays out the case against Wayne McLeod, the Jacksonville investment advisor accused of running a Ponzi scheme by federal investigators. McLeod, who committed suicide on Tuesday, ran an investment advisory firm, F & S Asset Management Group Inc. read more

Technorati Tags: mcleod, people, money, sec, investors, , investor seminar news