23 May VIDEO: $30 MILLION PONZI SCHEME: CREW CAPITAL VICTIM FILES CLAIM OVER ADVISOR “FRIEND” WHO RAN DECADE-LONG FRAUD
Attorneys: Stephen Romney Swensen Pitched the Fictitious Fund as a “Bucket 1” Investment, But Spent the Money on Airplanes, Mistresses and Lavish Lifestyle. Swensen Took His Own Life When the Deception Was Exposed.
SALT LAKE CITY – MAY 23, 2023 – Former clients of Wealth Navigation Advisors (WNA) d/b/a Oak Lane Advisors, based in Centerville, Utah, brought a major action against the advisory firm over $850,000 lost in a Ponzi scheme run by one of WNA’s former registered investment advisors, Stephen Romney Swensen. Swensen, who swindled nearly $30 million over a decade through Crew Capital, a fraudulent investment offering, committed suicide in 2022 when the scheme was exposed.
Max Karlin at (703) 276-3255 or [email protected].
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