{"id":3703,"date":"2016-04-04T00:00:00","date_gmt":"2016-04-04T05:00:00","guid":{"rendered":"https:\/\/stockbrokerfraudblog.blawgcloud.com\/2016\/04\/four_face_sec_charges_in_flori"},"modified":"2022-03-25T09:44:14","modified_gmt":"2022-03-25T14:44:14","slug":"four-face-sec-charges-in-flori","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/four-face-sec-charges-in-flori\/","title":{"rendered":"Four Face SEC Charges in Florida Elder Abuse Scam Involving Free Dinners"},"content":{"rendered":"<p>The U.S. Securities and Exchange Commission is charging four men with fraud. The regulator claims that Joseph Andrew Paul, James S. Quay, John D. Ellis, Jr., and Donald H. Ellison sought to bilk investors, including seniors, by promising them lucrative returns for their money. <\/p>\n<p>The SEC contends that Ellis and Paul lied about their investment advisory firm\u2019s performance record, generated fraudulent marketing collateral that included performance figures from the website of another firm, and recruited Quay and Ellison to be part of the scheme. The latter two then purportedly used the fraudulent materials to deceive investors who answered a mass mailing that offered a free dinner at a restaurant in Florida.  Quay, who previously was found liable for <a href=\"https:\/\/www.stockbroker-fraud.com\">securities frau<\/a>d and convicted of tax fraud, allegedly used the name \u201cStephen Jameson\u201d as an alias to hide his real identity. The SEC said that Jameson was not a registered investment professional when the allegedly fraudulent behavior took place, nor was Ellison for most of that time. <\/p>\n<p><strong>\u201cFree Lunch\u201d Seminars<\/strong><br \/>\nThe Commission has warned more than once that when it comes to investment seminars there is no such thing as a \u201cfree lunch.\u201d While you, as the attendee, may not have to pay for the food, these seminars are educational programs and investment workshops geared toward getting you to buy an investment product that a host or an affiliate is touting.<\/p>\n<p>While there are plenty of legitimate investment seminars, there are those that have purposely been set up to bilk prospective attendees.  At such gatherings there may be fake products sold, misrepresentations about risks and returns made, conflicts of interest related to the products for sale and the information provided, and advertising collateral that is misleading or inaccurate. Unfortunately, older investors continue to be a favorite target of financial scammers.<\/p>\n<p>At Shepherd Smith Edwards and Kantas, LTD LLP, our <a href=\"https:\/\/www.stockbroker-fraud.com\">elder financial fraud lawyers<\/a> are here to work with investors to get their money back.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/four-face-sec-charges-in-flori\/#more-3703\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission is charging four men with fraud. The regulator claims that Joseph Andrew Paul, James S. Quay, John D. Ellis, Jr., and Donald H. Ellison sought to bilk investors, including seniors, by promising them lucrative returns for their money. The SEC contends that Ellis and Paul lied about their investment [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3801,3760,3803],"tags":[],"class_list":["post-3703","post","type-post","status-publish","format-standard","hentry","category-sec","category-sec-enforcement","category-senior-investors"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Four Face SEC Charges in Florida Elder Abuse Scam Involving Free Dinners &#8212; Investor Lawyers Blog &#8212; April 4, 2016<\/title>\n<meta name=\"description\" content=\"The U.S. Securities and Exchange Commission is charging four men with fraud. The regulator claims that Joseph Andrew Paul, James S. Quay, John D. Ellis, &#8212; April 4, 2016\" \/>\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\/four-face-sec-charges-in-flori\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Four Face SEC Charges in Florida Elder Abuse Scam Involving Free Dinners &#8212; Investor Lawyers Blog &#8212; April 4, 2016\" \/>\n<meta name=\"twitter:description\" content=\"The U.S. Securities and Exchange Commission is charging four men with fraud. The regulator claims that Joseph Andrew Paul, James S. Quay, John D. Ellis, &#8212; April 4, 2016\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Four Face SEC Charges in Florida Elder Abuse Scam Involving Free Dinners &#8212; Investor Lawyers Blog &#8212; April 4, 2016","description":"The U.S. Securities and Exchange Commission is charging four men with fraud. The regulator claims that Joseph Andrew Paul, James S. Quay, John D. 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