{"id":4505,"date":"2007-10-08T14:08:38","date_gmt":"2007-10-08T14:08:38","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/10\/former_gunnallen_financial_bra_1"},"modified":"2022-03-28T14:17:08","modified_gmt":"2022-03-28T19:17:08","slug":"former-gunnallen-financial-bra-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/","title":{"rendered":"Former GunnAllen Financial Branch Manager Allegedly Involved in Partnership Ponzi Scheme"},"content":{"rendered":"<p>A former broker and branch manager of a Michigan office of GunnAllen Financial, Inc. are accused of selling fraudulent investments. His clients, many of whom are retirees, recently learned that the partnership investments may have been part of a Ponzi scheme. According to reports, a mastermind of the scheme stated in a sworn statement that the investments were fraudulent and that he had acted on the advice of the GunnAllen broker\/manager.<\/p>\n<p>Frank Bluestein, who has been in the investment business for an over a decade, joined GunnAllen Financial in 2004. There, he was not only a registered stockbroker but also as one of the firms&#8217; branch office managers. According to reports, Bluestein, his son and another broker worked in a Detroit area office fo GunnAllen.<\/p>\n<p>Along with other investments, Bluestein&#8217;s clients were persuaded to invest millions of dollars into partnerships which ceased paying earlier this year. Those who invested recently learned about investigations, a court action seeking to freeze partnership assets and that their total investment in the partnerships could be in peril<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/\"  title=\"Continue Reading Former GunnAllen Financial Branch Manager Allegedly Involved in Partnership Ponzi Scheme\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A former broker and branch manager of a Michigan office of GunnAllen Financial, Inc. are accused of selling fraudulent investments. His clients, many of whom are retirees, recently learned that the partnership investments may have been part of a Ponzi scheme. According to reports, a mastermind of the scheme stated in a sworn statement that [&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":[3848],"tags":[],"class_list":["post-4505","post","type-post","status-publish","format-standard","hentry","category-gunnallen-financial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Former GunnAllen Financial Branch Manager Allegedly Involved in Partnership Ponzi Scheme &#8212; Investor Lawyers Blog &#8212; October 8, 2007<\/title>\n<meta name=\"description\" content=\"A former broker and branch manager of GunnAllen Financial, Inc. is accused of selling fraudulent investments as part of a partnership Ponzi scheme\" \/>\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\/former-gunnallen-financial-bra-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Former GunnAllen Financial Branch Manager Allegedly Involved in Partnership Ponzi Scheme &#8212; Investor Lawyers Blog &#8212; October 8, 2007\" \/>\n<meta name=\"twitter:description\" content=\"A former broker and branch manager of GunnAllen Financial, Inc. is accused of selling fraudulent investments as part of a partnership Ponzi scheme\" \/>\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=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Former GunnAllen Financial Branch Manager Allegedly Involved in Partnership Ponzi Scheme &#8212; Investor Lawyers Blog &#8212; October 8, 2007","description":"A former broker and branch manager of GunnAllen Financial, Inc. is accused of selling fraudulent investments as part of a partnership Ponzi scheme","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/","twitter_card":"summary_large_image","twitter_title":"Former GunnAllen Financial Branch Manager Allegedly Involved in Partnership Ponzi Scheme &#8212; Investor Lawyers Blog &#8212; October 8, 2007","twitter_description":"A former broker and branch manager of GunnAllen Financial, Inc. is accused of selling fraudulent investments as part of a partnership Ponzi scheme","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Former GunnAllen Financial Branch Manager Allegedly Involved in Partnership Ponzi Scheme","datePublished":"2007-10-08T14:08:38+00:00","dateModified":"2022-03-28T19:17:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/"},"wordCount":341,"articleSection":["GunnAllen Financial"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/","url":"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/","name":"Former GunnAllen Financial Branch Manager Allegedly Involved in Partnership Ponzi Scheme &#8212; Investor Lawyers Blog &#8212; October 8, 2007","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2007-10-08T14:08:38+00:00","dateModified":"2022-03-28T19:17:08+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"A former broker and branch manager of GunnAllen Financial, Inc. is accused of selling fraudulent investments as part of a partnership Ponzi scheme","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/former-gunnallen-financial-bra-1\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Former GunnAllen Financial Branch Manager Allegedly Involved in Partnership Ponzi Scheme"}]},{"@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; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-1aF","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=4505"}],"version-history":[{"count":2,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4505\/revisions"}],"predecessor-version":[{"id":25789,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4505\/revisions\/25789"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=4505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=4505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=4505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}