DEPARTMENT OF JUSTICE: New York City Woman Charged With Securities Fraud

MANHATTAN (NEW YORK CITY) NY: The Department of Justice (DOJ)has announced the arrest of a New York City woman on charges of Securities fraud and wire fraud after she attempted to defraud over 110 investors with an intentionally misleading claim to help those victims get bigger returns on their investments.

Instead of investing the client’s money, Lakenya Hopkins used that money for her own personal gain the DOJ said.

The Department of Justice issued the following lengthy statement regarding the arrest and scam perpetuated by Hopkins:

Damian Williams, the United States Attorney for the Southern District of New York, Patrick Freaney, Special Agent-in-Charge of the New York Field Office of the United States Secret Service (“USSS”), and Keechant L. Sewell, the Commissioner of the New York City Police Department (“NYPD”), announced today the arrest of Lakenya Hopkins on charges of securities fraud and wire fraud

The charges were for her role in a scheme to defraud over 110 investors in Money Magnet Platinum Membership Initiative LLC (“MMPMI”) of hundreds of thousands of dollars by promising unrealistically high rates of return on investments to induce them to invest and lying about how their money would be invested.

Rather than invest the money as promised, Lakenya Hopkins used investors’ money for her own personal gain, including to rent a luxury apartment in Manhattan and to purchase high-end luxury goods.

Lakenya Hopkins was arrested Manhattan and was presented before a magistrate judge in the Southern District of New York.