Tag: blackwater_assets

Illinois Investment Advisor Indicted in Alleged Ponzi Scheme

1 Jul 2026 2:26 p.m. · Source: FBI

Paaris Kopsaftis, an Illinois investment advisor, faces federal wire fraud charges for allegedly running a Ponzi scheme through Blackwater Assets, Inc., defrauding clients from 2020 to 2025. He pleaded not guilty.

Business Law Enforcement Politics and Government Economy Financial Markets Legal Federal Government Paaris Kopsaftis Blackwater Assets Ponzi scheme Wire Fraud Illinois FBI Investment Fraud