We Fight for Investors Cheated by Wall Street
Contact Us Now Investment & Securities Fraud Lawyers Website
Search Results: ponzi scam
Results 10-20 of about 21
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. ... ...
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. ... Although Oppenheimer wasn’t involved in the alleged Ponzi scam, FINRA found that ...
GPB Capital Holdings is accused of operating a more than $1.8B Ponzi scam.
For example, if you are a retail investor and your financial advisor recommended GPB Capital Holdings private placements — the alternative asset firm is now accused of operating a more than $1.8B Ponzi scam — these were solicited trades suggested ...
Another ex-Newbridge broker, Gerald Cocuzzo, pleaded guilty to securities fraud involving a $131M Ponzi scam in 2016.
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. The ...
Affinity fraud is a type of investment fraud which involves a scam that targets members of a specific group. ... If you suspect that you or a loved one lost money in an affinity scam, speak with an investment lawyer ...
Brokers also have a duty to ensure that an investment is legitimate and not part of a Ponzi scam or another type of fraud.
Bennett, also of Bennett Group Financial, allegedly ran a $20M Ponzi Scam.