Shepherd Smith Edwards & Kantas, LLP Home
We Fight for Investors Cheated by Wall Street
Contact Us Now 
Investment & Securities Fraud Lawyers Website
Search Results: ponzi scam
Results 1-10 of about 21
we have collectively recovered many millions of dollars for thousands of clients related to: Alternative investments Stocks and Bonds Real estate investment trusts (REITs) and Non-traded REITs Private Placements Annuities Oil and Gas investments Trading strategies that were too risky ...
After SunAmerica’s agent was indicted for perpetrating a “Ponzi” scheme, they agreed to pay $7 million. Part of the payment was through insurance, to resolve its liability in a long-running “church-fraud” case dubbed “Operation Island Scam” by federal investigators.
We are also continuing to investigate FSC Securities over possible investor losses involving GPB Capital Holdings , which is accused of operating an over $1.8B Ponzi scam.
Affinity fraud is a type of investment fraud which involves a scam that targets members of a specific group. That may include those who belong to a particular religious or ethnic community or individuals who share a particular affiliation.
What Is A Ponzi Scam? A Ponzi scam is a type of investment scheme in which the fraudster uses newer investors’ money to pay supposed income, dividends, redemptions, or returns to existing investors.
For example, in 2017, Ex-Sterne, Agee, and Leech broker and managing director Deborah Dickson Kelley pleaded guilty to securities fraud after taking part in a “pay-to-play” scam so as to work with the New York State Common Retirement Fund. One ...
The self-regulatory organization (SRO) found that the firm’s weak supervision of consolidated reports enabled one ex-broker to run a $1M Ponzi scam that harmed customers.
In the alleged $110M Horizon Private Equity III Ponzi Scam , Southport Capital owner and ex-Oppenheimer stockbroker John Woods is accused of defrauding investors, including Oppenheimer clients. Among his purported victims were senior investors and retirees.
GPB Capital Holdings is accused of operating a more than $1.8B Ponzi scam. Savvy Securities Law Firm That Zealously Advocates for Investors Brokerage firms have a duty to properly supervise their financial advisors.
A financial or investment product failed in several cases because it was part of a Ponzi scam. In other cases, the broker, or the dealer did not perform due diligence to ensure the investment was legitimate.
