The Alabama Securities Commission (ASC) has been receiving a large volume of phone calls regarding an alleged Ponzi scheme involving a prominent Georgia man , ASC Director Amanda Senn said Tuesday.

“We were inundated with phone calls about that scheme. We wanted to make sure the public knew that if we had investors that were harmed, we were monitoring and we would evolve or get engaged if necessary,” Senn said to commissioners during a regular meeting.

She told the commission the ASC was working with Alabama Secretary of State Wes Allen to ensure the money was returned.

“We’re in contact with authorities regularly, so we’re on top of that there and working with the Secretary of State for assistance we can provide there and vice versa,” Senn said.

Senn said in an interview Tuesday A

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