Ernest Ossei Boateng / Intercontinental Wealth Network LLC / I Wealth Network LP
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anchored·4zKTJB…CBwASummary
Ernest Ossei Boateng is a New Jersey-based individual who, according to a civil complaint filed by the SEC on September 10, 2026, allegedly operated an approximately $16 million Ponzi-like scheme through two companies he controlled — Intercontinental Wealth Network LLC and I Wealth Network LP — targeting primarily Christians of Ghanaian heritage in New York and New Jersey from at least January 2020 through at least March 2026. The SEC alleges more than 200 largely inexperienced investors were harmed, including retirees, clergy members, a widowed mother, taxi drivers, and home health care workers. The case, SEC v. Boateng et al., No. 1:26-cv-05605 (E.D.N.Y.), is a civil enforcement action; no criminal charges have been publicly reported as of the date of this report, and no court findings have been issued.
Connected Entities
1 entities · 10 linked investigationsTimeline(5 events)
1 January 2020
According to the SEC's complaint, Boateng began operating the alleged I-Fund scheme, soliciting investors from the Ghanaian Christian community in New York and New Jersey with promises of guaranteed fixed returns of 25% to 100% or more annually.
SEC Complaint (comp-pr2026-86.pdf)1 March 2026
The SEC's complaint states the alleged scheme ran through at least March 2026, with approximately $16 million raised from more than 200 investors over the course of the operation.
SEC Press Release 2026-8610 September 2026
The SEC filed a civil complaint against Ernest Ossei Boateng, Intercontinental Wealth Network LLC, and I Wealth Network LP in the U.S. District Court for the Eastern District of New York (Case No. 1:26-cv-05605), alleging an approximately $16 million Ponzi-like scheme targeting Christians of Ghanaian heritage.
PACER Monitor / Justia Docket10 September 2026
The SEC issued Press Release 2026-86 publicly announcing the charges against Boateng and his companies.
SEC Press Release 2026-8611 September 2026
The court clerk issued a notice regarding an incorrect civil cover sheet; the docket reflects no further substantive filings as of the date of this report.
PACER Monitor: SEC v. Boateng et al (1:26-cv-05605)Decision Log
- hash: C7R3SpktYVbgASqRa5NPocxtuRzYA1Qzwpe6JG8NvxBx
This investigation is cryptographically anchored to the Solana blockchain (1 event). 0 of 11 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/14/2026, 1:35:52 AM
last updated: 9/14/2026, 1:36:03 AM
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