{"id":19893,"date":"2021-08-06T09:42:51","date_gmt":"2021-08-06T14:42:51","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19893"},"modified":"2021-08-06T09:42:51","modified_gmt":"2021-08-06T14:42:51","slug":"nylife-securities-ponzi-scam-claims","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/","title":{"rendered":"Senior Customer of Ex-NYLIFE Securities Broker Felix Chu Seeks Over $5M in Ponzi Scam Losses"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Barred Stockbroker is Accused of Running Ponzi Scam That Defrauded Elderly Investors<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Felix S. Chu, a former NYLIFE Securities registered representative, is currently facing at least two customer disputes in which the claimants are seeking $5,230,000 in damages. Chu was barred by the Financial Industry Regulatory Authority (FINRA) last year. He has been accused of running a <\/span><a href=\"https:\/\/www.investorlawyers.com\/ponzi-scams.html\"><span style=\"font-weight: 400;\">Ponzi scam<\/span><\/a><span style=\"font-weight: 400;\"> involving promissory notes that defrauded investors, including seniors.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Shepherd Smith Edwards and Kantas (SSEK Law Firm at investorlawyers.com) is investigating claims of losses by former investors of ex-NYLIFE Securities financial advisor, Felix Chu. If you are one of these investors, call (800) 259-9010 today.<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/\"  title=\"Continue Reading Senior Customer of Ex-NYLIFE Securities Broker Felix Chu Seeks Over $5M in Ponzi Scam Losses\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Barred Stockbroker is Accused of Running Ponzi Scam That Defrauded Elderly Investors Felix S. Chu, a former NYLIFE Securities registered representative, is currently facing at least two customer disputes in which the claimants are seeking $5,230,000 in damages. Chu was barred by the Financial Industry Regulatory Authority (FINRA) last year. He has been accused of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19894,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4043,3792],"tags":[4289,2872,4286],"class_list":["post-19893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alternative-investments","category-ponzi-scams","tag-nylife-securities","tag-ponzi-scam","tag-promissory-notes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ex-NYLIFE Securities broker Felix Chu Named in Ponzi Scam Losses | FINRA Lawyers<\/title>\n<meta name=\"description\" content=\"Ex-NYLIFE Securities broker Felix Chu is accused of running a Ponzi scam involving promissory notes that resulted in investment losses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ex-NYLIFE Securities broker Felix Chu Named in Ponzi Scam Losses | FINRA Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"Ex-NYLIFE Securities broker Felix Chu is accused of running a Ponzi scam involving promissory notes that resulted in investment losses.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/08\/miltiadis-fragkidis-7fnNrzSly7Q-unsplash-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Senior Customer of Ex-NYLIFE Securities Broker Felix Chu Seeks Over $5M in Ponzi Scam Losses","datePublished":"2021-08-06T14:42:51+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/"},"wordCount":585,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/08\/miltiadis-fragkidis-7fnNrzSly7Q-unsplash-1.jpg","keywords":["NYLife Securities","Ponzi Scam","promissory notes"],"articleSection":["Alternative Investments","Ponzi Scams"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/","url":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/","name":"Ex-NYLIFE Securities broker Felix Chu Named in Ponzi Scam Losses | FINRA Lawyers","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/08\/miltiadis-fragkidis-7fnNrzSly7Q-unsplash-1.jpg","datePublished":"2021-08-06T14:42:51+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Ex-NYLIFE Securities broker Felix Chu is accused of running a Ponzi scam involving promissory notes that resulted in investment losses.","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/#primaryimage","url":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/08\/miltiadis-fragkidis-7fnNrzSly7Q-unsplash-1.jpg","contentUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/08\/miltiadis-fragkidis-7fnNrzSly7Q-unsplash-1.jpg","width":640,"height":427,"caption":"Ex-NYLIFE Securities broker Felix Chu has been accused of running a Ponzi scam involving promissory notes that resulted in significant investment losses."},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/nylife-securities-ponzi-scam-claims\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Senior Customer of Ex-NYLIFE Securities Broker Felix Chu Seeks Over $5M in Ponzi Scam Losses"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; 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