Shared Horizons, Inc.

Shared Horizons, Inc., founded and operated by Arthur T. Miller, presented itself as an investment company dedicated to achieving financial independence for the deaf and hard-of-hearing community. It solicited funds by promising high, often guaranteed, returns from investments in purported ventures like real estate and various businesses. In June 2009, the U.S. Securities and Exchange Commission (SEC) filed an emergency action against the company, exposing it as a classic Ponzi scheme. Instead of legitimate investing, the company used new investors' money to pay returns to earlier investors and for the personal enrichment of its founder. A federal court halted the scheme, froze the company's assets, and appointed a receiver to manage its affairs for the benefit of harmed investors.