Everett Charles Ford Miller, as well as Ryan J. Carr and Brian P. Carr have been named in a lawsuit filed by the office of Paula Dow, the Attorney General for New Jersey, alleging participation in and the operation of an alleged Ponzi scheme that is thought to have defrauded investors out of as much as $40 million.
As outlined in the January 10 edition of the Las Vegas Business Press, Carr Miller participated as an investor of Indigo, with Miller serving the dual portfolios as COO and member of the Board. Indigo was actually named as a nominal defendant in the ponzi scheme lawsuit brought by the Attorney General's Office, due to the investment by Carr Miller Capital in the oil and gas enterprise.
No reason was given for the requested resignation of director Hercules Pappas from the Indigo board.
Indigo has stated that it had no knowledge of any wrongdoing alleged to have been undertaken by Carr Mill Capital or Everett Charles Ford Miller. However, the complaint is reported to state that Indigo benefitted unjustly through the actions of Carr Miller Capital.
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Carr Miller Capital, together with the three defendants, is accused of operating a consumer fraud scheme that allegedly defrauded investors. As much as $13.5 million is alleged by the Office of Paula Dow to have been used to finance personal purchases and luxury lifestyles for the accused.
The Carr Miller Capital Ponzi Scheme, or so it is alleged, resulted in the appointment by the court of a third-party independent fiscal agent to undertake a review of Indigo's records necessary for a full reporting to the court.