Jennifer Williams’ Husband Hit With Another Lawsuit Over $100K Ponzi Scheme—More Investors Say They Got SCAMMED!
Basketball Wives star Jennifer Williams’ new husband, Christian Walden—also known as Christian Gold—is once again under legal fire, as a second lawsuit has been filed by alleged victims accusing him of fraud.
The new civil suit, first reported by attorney and blogger Symone Redwine of the Girl, Is That Legal? YouTube channel, claims Walden defrauded more clients out of an additional $100,000. This follows a previous lawsuit filed in February 2025 in Cobb County, Georgia, where 21 plaintiffs alleged that Walden stole over $120,000 from them as part of what they describe as a Ponzi scheme.
“These victims trusted him to invest their money, and instead, he took it,” Symone explained. She also noted the core of the legal issue: Christian’s alleged collection of advance fees from clients, which is illegal under SEC regulations.
“That’s illegal under the SEC guidelines,” Symone said. “It’s because it’s the basis of most financial fraud related to investments. If you make money before even investing the client’s money, there’s no incentive to grow their portfolio.” She added, “Instead, licensed brokers are paid commission-based. They only make money if they make you money.”
Symone went on to clarify that individuals with felony records can become licensed traders—but they must fully disclose their criminal history and obtain special clearance.
“You’d have to say how your life’s changed, how you’re a good person… and you have to get licensed and insured,” she said. The insurance covers “errors and omissions,” a key requirement in the investment industry.
This growing controversy comes at a dramatic time for the couple, who tied the knot in Paris on September 14, 2024—just days after Christian Gold was briefly jailed for violating probation related to a previous conviction for false imprisonment.
According to TMZ, he was arrested on September 6 in DeKalb County, Georgia, for traveling internationally without notifying his probation officer and for failing to pay $12,500 in restitution. He was granted a short release to attend the wedding and later completed his 15-day sentence.
The current civil suits—now totaling over $220,000 in alleged fraud—also cite violations of the Georgia RICO Act and wire fraud statutes. Plaintiffs claim up to 150 individuals nationwide may have been impacted by Christian Gold’s investment promises.
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Raissa Asunbo is a Content Editor at All About The Tea. She lives in Toronto, Canada and enjoys reading, watching movies, traveling and spending time with her family.
