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business•Sep 10, 2026, 01:45 PM ET

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

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…

By USA NOW News Desk, National Editorial Bureau
SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme
Verified press photo via U.S. Securities and Exchange Commission (SEC)
Quick Answer & Executive Summary

SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme: Official reporting from the U.S. Securities and Exchange Commission (SEC) confirms active developments in Indiana. Americans in affected communities should review primary guidance and follow verified bulletins.

“SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme: Official reporting from the U.S. Securities and Exchange Commission (SEC) confirms active developments in Indiana. Americans in affected communities should review primary guidance and follow verified bulletins.”

Key Takeaway • USA NOWShare Quote

Key Verified Points

  • •Official Issuing Wire: U.S. Securities and Exchange Commission (SEC)
  • •Headline: SEC Charges Founder and His Two New Jersey-Based Companies in Alleged $16 Million Ponzi Scheme
  • •Executive Briefing: 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…

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…

Event Timeline & Developments

Sep 10, 01:45 PM ET
Initial Primary Bulletin Recorded
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 rai

Frequently Asked Questions

What are the primary facts confirmed in this report?

The U.S. Securities and Exchange Commission (SEC) has verified active developments in Indiana, as detailed in the executive briefing and key facts ledger.

Who is the official source of this information?

This bulletin was officially published by U.S. Securities and Exchange Commission (SEC) on 9/10/2026.

Where can I find continuous updates on this developing story?

USA NOW provides automated 24/7 monitoring of primary US government and official agency feeds, updating this report as new information is verified.

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