Legal Question in Bankruptcy in California

I'm not clear from your description how this is a ponzi scheme. A ponzi scheme is one in which an organizer creates an investment, and then pays the "profits" to early investors from new money invested. This sounds a lot more like identity theft. If you did not authorize them to take out the loan, then you need to contact your local law enforcement and report that you have been the victim of identity theft. The problem you may face is having let it go on for so long without reporting it. It may not be identity theft if you voluntarily gave them the information. You should contact a local attorney who specializes in assisting victims of identity theft, as it is a very specialized area. You posted this to the Bankruptcy law section, which is not really the area of law that your question involves.

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