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Investigation of Thomas Paul Madden
Thomas Paul Madden and Jeremy Tyler Grabow were indicted in January of 2025. The indictment alleges that those individuals perpetrated a Ponzi scheme through the entities Cascade IR and Savitar Systems LLC.
Specifically, Madden and Grabow allegedly took more than $23 million from more than 200 investors.
Madden and Grabow allegedly told investors that Savitar was working with various partners on a large casino and resort project in Mexico that would generate high returns. But, in reality, Savitar lacked any legitimate business operations. Savitar simply diverted new investors’ money to pay back old investors and to enrich Madden and Grabow.
If you believe you were a victim of this Ponzi scheme, we encourage you to contact our office immediately.