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Search Results: ponzi scam
Results 330-340 of about 443
Date: June 5, 2012
Court of Appeals for the Second Circuit’s decision upholding Irving Picard’s “net equity” approach to compensating victims of Bernard Madoff’s Ponzi scam. Picard is the Securities Investor Protection Act trustee of Bernard L. Madoff Investment Securities LLC. Madoff defrauded investors ...
Date: May 28, 2012
Konior and his Absolute Fund Management and Absolute Fund Advisors for running a Ponzi-like investment scheme that was supposed to maximize investors’ profits and instead allegedly funneled $2 million of clients’ money to pay for earlier investors’ redemption requests, as ...
Date: May 23, 2012
Connolly with running a Ponzi-like scam involving investment vehicles that bought and managed Pennsylvania and New Jersey apartment rental buildings. According to prosecutors in New Jersey, Connolly’s alleged victims were defrauded of $9 million. He also faces criminal charges. None ...
Date: May 11, 2012
In other stockbroker fraud news, the SEC has reached a settlement with a Florida attorney accused of being involved in a financial scam run by a viaticals company that defrauded investors of over $1 billion. The securities action, which restrains ...
Date: May 8, 2012
A judge has sentenced Joseph Blimline to 20 years in prison over his involvement in two complex, oil and gas Ponzi scams that took place in Texas and Michigan. The Dallas man, who was sentenced to two counts of conspiracy, ...
Date: April 25, 2012
Allen Stanford’s Ponzi Scam Not Barred by SLUSA , Stockbroker Fraud Blog, March 20, 2012 Three Oil Service Executives Face SEC Charges in Texas Court For Allegedly Bribing Nigerian Customs Officials , Stockbroker Fraud Blog, March 22, 2012 Continue Reading ›
Date: April 20, 2012
Earlier this month, another company, registered futures commission merchant Rosenthal Collins Group LLC, consented to pay over $2.5 million over CFTC allegations that it did not adequately supervise the way the firm handled an account linked to a multibillion dollar ...
Date: April 5, 2012
FINRA Fines AXA Advisors $100,000 For Allegedly Not Firing Broker who Ran Ponzi Scam Sooner, Stockbroker Fraud Blog, March 16, 2012 FINRA May Surrender Proprietary BrokerCheck Lock , Stockbroker Fraud Blog, March 8, 2012 Citigroup Ordered by FINRA to Pay ...
Date: April 4, 2012
Per the FINRA arbitration panel, senior management at Merrill purposely engaged in a scam that was “systematic and systemic” to prevent its former brokers, Tamara Smolchek and Meri Ramazio, from getting numerous benefits, including the ones that they were entitled ...
Date: March 28, 2012
Allen Stanford’s Ponzi scheme . The case is Roland v. Green . The appeals court said that the state court securities lawsuits , which are claiming common law and statutory violations, could go forward because the alleged fraud is only ...
