{"id":4837,"date":"2018-01-24T19:12:26","date_gmt":"2018-01-25T01:12:26","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4819"},"modified":"2022-04-03T16:00:56","modified_gmt":"2022-04-03T21:00:56","slug":"securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/","title":{"rendered":"Securities Fraud: Fast Food Restaurant Employees Allegedly Posed as SEC Employees to Bilk Investors, Chicago Investment Adviser Pleads Guilty to Defrauding Senior Investors, and Man Awaiting Real Estate Investment Fraud Sentence is Arrested While Trying to Leave the US"},"content":{"rendered":"<p><strong>Two Fast Food Restaurant Workers are Accused of Impersonating SEC Employees<\/strong><br \/>\nFrank Gregory Cedeno and Leonel Alexis Valerio Santana, two employees at a Florida restaurant, are accused of pretending to be SEC employees who tried to get at least 95 investors to give pay them $1.3M. The men are charged with wire fraud and conspiracy.<\/p>\n<p>According to the criminal complaint, Cedeno and Santana targeted investors of binary options, in particular those that bought them from Banc de Binary and other entities that had been the subject of lawsuits brought by US regulators. For example,in 2016, Banc de Binary settled with the SEC and the CFTC for $11M allegations that they illegally solicited US investors via its trading platform. But even as early as the year before that, prosecutors contend, Banc de Binary securities buyers began receiving calls and emails from supposed SEC employees wanting money related to these investments. Investor targets were purportedly told that they would have to pay money to get part of the Banc de Binary settlement. More than two dozen people reportedly gave the scammers over $235,000 collectively.<\/p>\n<p><strong>Chicago Investment Adviser Arrives at Plea Agreement in Senior Fraud Case<\/strong><br \/>\nDaniel Glick, a former investment advisor, has pleaded guilty to wire fraud. Per the plea deal, Glick bilked clients of at least $5.2M and lied to them about their money. The majority of his victims were older investors, including his in-laws and a nursing home resident.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/#more-4837\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two Fast Food Restaurant Workers are Accused of Impersonating SEC Employees Frank Gregory Cedeno and Leonel Alexis Valerio Santana, two employees at a Florida restaurant, are accused of pretending to be SEC employees who tried to get at least 95 investors to give pay them $1.3M. The men are charged with wire fraud and conspiracy. [&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":[3738,3741,3803],"tags":[],"class_list":["post-4837","post","type-post","status-publish","format-standard","hentry","category-investor-fraud","category-securities-fraud","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>Securities Fraud: Fast Food Restaurant Employees Allegedly Posed as SEC Employees to Bilk Investors, Chicago Investment Adviser Pleads Guilty to Defrauding Senior Investors, and Man Awaiting Real Estate Investment Fraud Sentence is Arrested While Trying to Leave the US &#8212; Investor Lawyers Blog &#8212; January 24, 2018<\/title>\n<meta name=\"description\" content=\"Two Fast Food Restaurant Workers are Accused of Impersonating SEC Employees Frank Gregory Cedeno and Leonel Alexis Valerio Santana, two employees at a &#8212; January 24, 2018\" \/>\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\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities Fraud: Fast Food Restaurant Employees Allegedly Posed as SEC Employees to Bilk Investors, Chicago Investment Adviser Pleads Guilty to Defrauding Senior Investors, and Man Awaiting Real Estate Investment Fraud Sentence is Arrested While Trying to Leave the US &#8212; Investor Lawyers Blog &#8212; January 24, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Two Fast Food Restaurant Workers are Accused of Impersonating SEC Employees Frank Gregory Cedeno and Leonel Alexis Valerio Santana, two employees at a &#8212; January 24, 2018\" \/>\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":"Securities Fraud: Fast Food Restaurant Employees Allegedly Posed as SEC Employees to Bilk Investors, Chicago Investment Adviser Pleads Guilty to Defrauding Senior Investors, and Man Awaiting Real Estate Investment Fraud Sentence is Arrested While Trying to Leave the US &#8212; Investor Lawyers Blog &#8212; January 24, 2018","description":"Two Fast Food Restaurant Workers are Accused of Impersonating SEC Employees Frank Gregory Cedeno and Leonel Alexis Valerio Santana, two employees at a &#8212; January 24, 2018","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\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/","twitter_card":"summary_large_image","twitter_title":"Securities Fraud: Fast Food Restaurant Employees Allegedly Posed as SEC Employees to Bilk Investors, Chicago Investment Adviser Pleads Guilty to Defrauding Senior Investors, and Man Awaiting Real Estate Investment Fraud Sentence is Arrested While Trying to Leave the US &#8212; Investor Lawyers Blog &#8212; January 24, 2018","twitter_description":"Two Fast Food Restaurant Workers are Accused of Impersonating SEC Employees Frank Gregory Cedeno and Leonel Alexis Valerio Santana, two employees at a &#8212; January 24, 2018","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Securities Fraud: Fast Food Restaurant Employees Allegedly Posed as SEC Employees to Bilk Investors, Chicago Investment Adviser Pleads Guilty to Defrauding Senior Investors, and Man Awaiting Real Estate Investment Fraud Sentence is Arrested While Trying to Leave the US","datePublished":"2018-01-25T01:12:26+00:00","dateModified":"2022-04-03T21:00:56+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/"},"wordCount":573,"articleSection":["Investor Fraud","Securities Fraud","Senior Investors"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/","url":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/","name":"Securities Fraud: Fast Food Restaurant Employees Allegedly Posed as SEC Employees to Bilk Investors, Chicago Investment Adviser Pleads Guilty to Defrauding Senior Investors, and Man Awaiting Real Estate Investment Fraud Sentence is Arrested While Trying to Leave the US &#8212; Investor Lawyers Blog &#8212; January 24, 2018","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-01-25T01:12:26+00:00","dateModified":"2022-04-03T21:00:56+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Two Fast Food Restaurant Workers are Accused of Impersonating SEC Employees Frank Gregory Cedeno and Leonel Alexis Valerio Santana, two employees at a &#8212; January 24, 2018","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-fraud-fast-food-restaurant-employees-allegedly-posed-sec-employees-bilk-investors-chicago-investment-adviser-pleads-guilty-defrauding-senior-investors-man-awaiting-real-estate\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Securities Fraud: Fast Food Restaurant Employees Allegedly Posed as SEC Employees to Bilk Investors, Chicago Investment Adviser Pleads Guilty to Defrauding Senior Investors, and Man Awaiting Real Estate Investment Fraud Sentence is Arrested While Trying to Leave the US"}]},{"@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-1g1","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4837","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=4837"}],"version-history":[{"count":7,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4837\/revisions"}],"predecessor-version":[{"id":26115,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/4837\/revisions\/26115"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=4837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=4837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=4837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}