Douglas Lien News Today

View Comments SANTA FE - An unregistered Santa Fe investment adviser dubbed a "mini-Madoff" was ordered to pay nearly $10.4 million in restitution and penalties after engaging in a Ponzi scheme for 20 years involving 45 investors across the country. A federal judge issued a consent order April 7 for a permanent injunction against Douglas Lien, 79, after the Securities Division of the New Mexico Regulation and Licensing Department issued a cease-and-desist order against Lien. Among the vi...

Federal Court Orders New Mexico Man To Pay Over $10.3 Million For Defrauding Commodity Futures Clients In Long-Running Ponzi Scheme Date 08/04/2021 The Commodity Futures Trading Commission today announced that the U.S. District Court for the District of New Mexico entered a consent order for permanent injunction, monetary sanctions, and equitable relief against Douglas Lien of Santa Fe, New Mexico. The court imposed more than $10.3 million in monetary sanctions and relief for defendant�...