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Search Results: ponzi scam
Results 410-420 of about 445
Date: December 6, 2010
Operation Broken Trust’s objective was to discover and expose large scale investment fraud schemes in the US and notify the public about bogus financial scams. The probe focused on schemes that directly targeted individual investors as opposed to long-term complex ...
Date: November 22, 2010
In their amended complaint, the plaintiffs are seeking damages sustained because of the “grossly negligent acts of the Defendant in connection with the SEC’s deficient review of complaints and information” that Madoff was running a Ponzi scheme.
Date: November 9, 2010
The fund is also accused of investing the majority of its assets in a Thomas Petters-operated Ponzi scam.
Date: November 8, 2010
Because of this, CFTC contends, the two firms ended up running Ponzi scams . The agency also is accusing the defendants of covering up the securities fraud with monthly statement accounts that gave clients the false impression that they were ...
Date: October 22, 2010
According to SEC Chairman Mary Schapiro, “We are on the lookout for any securities scams in the Gulf area.” Following Hurricane Katrina, the SEC discovered a number of scams targeting individuals that were compensated by their insurance companies.
Date: September 28, 2010
The probe comes nearly two years after Bernard Madoff’s Ponzi scam was discovered. Many of his investors became indirectly involved with the scheme through advisors that had invested in his funds.
Date: September 21, 2010
Court of Appeals for the Eighth Circuit, under federal securities law a broker-dealer can be liable as a control person if one of its registered representatives is involved in a Ponzi scam even if the scheme was channeled through a ...
Date: May 7, 2010
Susan Collins (R-Maine) also questioned Schapiro about oversights that took place during the investigations into ponzi masterminds Allen Stanford and Bernard Madoff illegal activities, the status of its whistleblower program, the role of the SEC’s new chief compliance officer, and ...
Date: April 13, 2010
A number of FINRA arbitration claims have been filed accusing former Linsco Private Ledger (LPL) financial advisor Raymond Londo of running a multi-million dollar Ponzi scheme to defraud investors. The claims allege fraud, conversion, misrepresentation and omissions, and negligence.
Date: March 8, 2010
Pyramid schemes and ponzi scams are often employed to commit affinity fraud. In these schemes funds from new investors are used to falsify profits to current investors. This lulls them into believing their investments are turning a profit. as new ...
