After Madoff: 5 More Alleged Ponzi Schemers

Amount allegedly stolen: $23 million

The scheme: The SEC alleges that Flores targeted the Hispanic-American community in the Los Angeles area, promising returns of up to 25% in just 30 or 45 days to those who made investments with her company Maximum Return Investments.

What the money was allegedly used for: According to the SEC, Flores took more than $3.5 million for personal use, using over $400,000 to buy a house. She also allegedly threw a lavish company party to celebrate her company's supposed success.

Status: Flores failed to file an answer to the SEC’s complaint by the June 12 deadline, so the SEC will file a motion for a default judgment. Flores’s lawyer, Wayne Little, says she is working with the SEC to resolve the matter. “I’m assisting her in putting together the documents to figure out what’s owed and what’s outstanding and what happened, so that the right thing can be done,” he says.