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 ...

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.

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.

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 ...

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.

In her six-figure investor lawsuit, she is accusing the brokerage firm of self-dealing and making unsuitable investment recommendations in this alternative asset firm that is now accused of running a more than $1.6B Ponzi scam. The Claimant is looking at ...

Yet their Centaurus broker unsuitably recommended and sold them these high-risk junk bonds from GWG Holdings , which is now accused of running a more than $1.6B Ponzi scam. Continue Reading ›

Shepherd Smith Edwards and Kantas Continues To Represent Investors Who Suffered Losses as a result of Andrew Jacobus Andrew Hamilton Jacobus (Jacobus), the ex-Florida investment adviser who pleaded guilty to running a $94M Ponzi-style scam , was sentenced to 20 ...

If Your Broker Involved You In This Type of Investment Scheme, You May Be Able To Sue For Damages Shepherd Smith Edwards and Kantas Ponzi Scam Attorneys ( investorlawyers.com ) represents those who have suffered losses because of broker fraud ...

They are accusing him of running a more than $60M Ponzi scam that may have defrauded over 300 investors. Also purportedly involved in the alleged scam are Yield Capital Management and Yield Wealth Limited, which are both affiliated with Regan.