Carr Miller Capital is accused of having operated a Ponzi scheme that defrauded investors of approximately $40 million. The defendants, Everett Charles Ford Miller, Ryan J. Carr and Brian P. Carr, are accused of using investor's money to fund their lavish lifestyle, including luxury vacations, automobiles and a New Jersey Devils skybox.
Now, other companies have been named nominal defendants because Carr Miller invested with them. According to Las Vegas Business Press (01/10/11), Indigo-Energy has been named in the lawsuit against Carr Miller because Carr Miller invested in Indigo-Energy. Although Indigo-Energy denies knowledge of wrongdoing on Carr Miller's part, the energy company was allegedly unjustly enriched by Carr Miller's actions.
Essentially, because the money invested by Carr Miller into Indigo-Energy was allegedly obtained through illegal means, Indigo-Energy may have benefited from illegally obtained money.
Indigo-Energy is reportedly helping the attorney general in its case against Carr Miller. Everett Charles Ford Miller, who was a principal at Carr Miller and was also on the board of directors for Indigo-Energy, was forced to resign from the board after Indigo-Energy entered an interim relief consent order with the attorney general.
READ MORE CARR MILLER CAPITAL PONZI SCHEME LEGAL NEWS
Approximately $16 million of investors' money was placed in hedge funds, real estate ventures and film production companies. Investors say those investments were not authorized by or disclosed to them. Meanwhile, approximately $13 million was used by the defendants for personal purchases and $8 million went to pay out existing investors.