Houston Health Savings Company Accused of Running a Ponzi Scheme

Allegations of a Ponzi Scheme

• 🔍 Federal investigators are accusing a Houston-based health savings company, Health Matching Account Services (HMA), of operating a Ponzi scheme.
• 🚨 Customers who signed up for HMA's promise of doubling health savings account contributions are now reporting significant financial losses.

Customer Impact and Financial Discrepancies

• 💔 Single mother Gabby Denny is facing over $6,000 in unpaid orthodontist bills for her son after investing nearly $10,000 in HMA.
• 💸 Retiree Lana Macauan is out $4,000 and facing a $1,700 root canal bill, describing the experience as a "total nightmare."
• 📊 Court filings reveal that HMA allegedly had over $33 million in customer account balances but only $130,000 in the bank, indicating a severe shortfall of funds.

Legal Actions and Owner Responses

• 🔒 The government has frozen HMA's bank accounts through a temporary restraining order to preserve remaining assets.
• ✈️ Allegations include HMA owners using company funds for personal expenses such as travel, entertainment, and rent for a beachfront condo.
• 🗣️ While an attorney for co-owner Elliot Gorag did not respond, counsel for Regina Gorag adamantly denies the Ponzi scheme allegations, stating the company has paid over $20 million in claims.

FBI Investigation and Customer Guidance

• 📧 Customers who believe they are victims are encouraged by the FBI to fill out an online questionnaire.
• 🔗 A link to the FBI questionnaire is available on khu.com.