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Carl Ruderman of 1 Global Capital Indicted on Fraud, Finally


Carl Ruderman

The story from the Miami New Times says, "On July 25, a grand jury indicted Ruderman, once dubbed the "invisible man" of the porn industry, in the Southern District of Florida, alleging he spearheaded the sprawling scheme to defraud investors through his firm 1 Global Capital. The company had raised money from investors across dozens of states while amassing a $50 million cash deficit before filing for bankruptcy, the feds say."


Many were wondering if Carl Ruderman would ever see criminal charges after he had

dealt with civil charges from the Securities and Exchange Commission and federal fraud penalties over the alleged investment scheme, and it finally happened.

Carl Ruderman
Carl Ruderman

"The Hallandale Beach-based business provided short-term cash advances to small and medium-sized businesses, many of which did not qualify for traditional bank lending. Ruderman, who once owned a 9,600-square-foot apartment in Aventura, would seek out investors to fund the merchant cash advances (MCAs) by "promising significant returns on investment, including that 1 Global would generate double-digit returns," according to the indictment."


This case has been going on for over 5 years, with 3 executives from 1 Global Capital sentenced 2 years ago on conspiracy to commit wire fraud and securities fraud.

Andrew Ledbetter was sentenced to 60 months in prison and ordered to pay $149 million in restitution. Steven Schwartz was sentenced to 60 months in prison and ordered to pay $149 million in restitution. And Jan Atlas was sentenced to eight months in prison and required to pay roughly $29 million in restitution.


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