company

KJM Financial

KJM Financial is a Bedminster, New Jersey, business that provided college planning, consulting and financial planning services until its owner's Ponzi scheme fell apart in November 2025.

Former owner

Paul Beers

Key facts

Location: Bedminster, New Jerseysource
Services: College planning, consulting and financial planningsource
Owner: Paul Beers, from as early as January 2015 through November 2025source
Victims' losses in the Ponzi scheme: More than $9.7 million, at least 65 victimssource

WYDE coverage of KJM Financial

WYDE Newsroom has published one article about KJM Financial, on Nov 4, 2026. KJM Financial is the subject of 1 story. The most recent is KJM Financial Owner Paul Beers Admits $9.7 Million Ponzi Scheme That Defrauded 65 Victims.

Legal

KJM Financial Owner Paul Beers Admits $9.7 Million Ponzi Scheme That Defrauded 65 Victims

The New Jersey college and financial planner took in more than $11 million from at least 65 victims from 2015 to 2025, promising investments such as guaranteed income contracts, prosecutors said. Sentencing is set for March 9, 2027.

Nov 4, 2026 · 3 min read · Subject of the story

Sources

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