Miami Man Faces Criminal Charges in Ponzi Scheme Case
On April 3rd, 2025, the United States Attorney’s Office for the Southern District of Florida announced that a man from Miami has been arrested and charged with federal criminal offenses as part of a Ponzi scheme case. Pablo Silverio Rebollido—the owner of E-Card Lending LLC—is accused of running a $40 million Ponzi scheme. Here, our Miami Ponzi scheme attorney provides a more detailed overview of the allegations against the defendant.
Ponzi Scheme Charges: Pablo Silverio Rebollido
In April of 2025, Pablo Silverio Rebollido, a 47-year-old man from Miami and the owner of E-Card Lending LLC, was charged with wire fraud. Mr. Rebollido allegedly orchestrated a $40 million Ponzi scheme. From August 2019 to February 2024, Mr. Rebollido purportedly solicited funds from over 70 investors on the grounds that their money would finance merchant cash advances (MCAs) to businesses. He promised them regular monthly returns from E-Card’s profits. The returns to investors were touted as being “above market” and “safe.”
However, federal authorities now allege that E-Card Lending LLC had no legitimate clients at any point in time. Instead, Mr. Rebollido was simply using the new investor funds to pay back the earlier investors. He also siphoned off a significant amount of money to support his lavish lifestyle. The scheme resulted in major financial losses for the investors involved. Pablo Silverio Rebollido initial court appearance is scheduled for April 11th, 2025 in a federal court in Miami. He faces up to 20 years in prison. Civil action is expected. The FBI is actively looking to speak to affected investors.
Ponzi Schemes Collapse When New Investors Start to Dry Up
Ponzi schemes are one of the most well-known forms of investment fraud. They are doomed from the start due to their illicit structure. Indeed, Ponzi schemes rely on a continuous influx of new investors to maintain the illusion of profitability. Rather than generating legitimate profits—some Ponzi schemes have some small amount of legitimate business, but many Ponzi schemes have no actual legitimate business at all—these frauds use funds from new participants to pay returns to earlier investors. As long as enough new money flows in, the operation can stay afloat. However, Ponzi schemes are fundamentally unsustainable. Once the flow of new investors slows down, the scheme will collapse.
The recent case of Pablo Silverio Rebollido and E-Card Lending LLC is a textbook example of a Ponzi scheme fraud. From 2019 to 2024, Rebollido solicited over $40 million from investors, claiming the funds would support merchant cash advances to small businesses. But as investigators allege there were no real clients—a cycle of using new investors’ money is all that exists to pay earlier ones. As investor recruitment slowed and red flags emerged-Card Lending LLC could no longer meet its payment promises to investors. The Ponzi scheme was exposed.
Contact Our Miami, FL Ponzi Scheme Attorney Today
At Carlson & Associates, P.A., our Miami Ponzi scheme lawyer is a knowledgeable, experienced advocate for clients. With a proven record of success fighting for justice for investors, we put clients first. If you suffered serious investment losses as the result of a Ponzi scheme, we are here to help. Contact us today for a fully confidential, no obligation initial consultation.
Source:
justice.gov/usao-sdfl/pr/owner-e-card-lending-charged-operating-ponzi-scheme
