Carol Ann Pedersen

SANCTION AMOUNT: Approximately $2,700,000

Defendants: Carol Ann Pedersen

Settlement of charges of stealing millions of dollars from investors to perpetrate a Ponzi scheme. Pedersen allegedly falsely promised prospective investors that she would place their money in "federally guaranteed" securities or the C.A. Pedersen Client Investment Pool, a limited partnership managed by Pedersen that she claimed owned a large and diverse stock portfolio. However, according to the complaint, Pedersen used the funds to make Ponzi-style payments and to pay for personal expenses.