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Search Results: ponzi scam
Results 320-330 of about 443
Date: July 9, 2012
It was just this year that a court-appointed receiver in Minnesota sued Peregrine over allegedly disregarding warning signs that the futures brokerage’s client Trevor Cook was running a Ponzi scam.
Date: July 9, 2012
Allen Stanford’s $7 billion Ponzi scam. Federal Judge Robert Wilkins said that under the definition of the Securities Investor Protection Act, the SEC did not meet its burden in proving that more than 7,000 Stanford investors were “victims” and, as ...
Date: July 3, 2012
In Dallas County Court, 11 investors are suing Morgan Stanley Smith Barney and its financial adviser Delsa Thomas for bilking them in an alleged Texas Ponzi scam . They say that Thomas “took advantage of their trust in her when ...
Date: June 30, 2012
The SEC alleges that while running a Ponzi scam involving transactions influenced by his astrological beliefs, Persaud lost $400,000 of investor money in trades while diverting at least $415,000 to cover his personal spending.
Date: June 28, 2012
In connection with this alleged scam, the SEC separately filed and settled cease-and-desist and administrative proceedings against Harbinger.
Date: June 26, 2012
Wayne Klein, the receiver of a Ponzi scam involving Winsome Investment Trust and US Ventures can go ahead with his claims to get back money from an investor who received more than she had invested. Judge Dale A.
Date: June 22, 2012
District for the District of Columbia dismissed the lawsuit that investors in Bernard Madoff’s Ponzi scam had filed against the government. The reason for the dismissal was lack of subject matter jurisdiction.
Date: June 11, 2012
Picard has been working to recover the money of the victims of the Madoff’s Ponzi scam who were collectively bilked of billions of dollars. Among the defendants are Swiss private banks Lombard Odier Darier Hentsch & Cie and EFG Bank ...
Date: June 9, 2012
While there has long been discussion over this issue, the 2008 financial crisis and the discovery of Bernard Madoff’s multibillion-dollar Ponzi scam, which had been going on for years, served to some as evidence that the SEC wasn’t doing a ...
Date: June 6, 2012
The SEC is suing investment adviser John Geringer for allegedly running a $60M investment fund that was actually a Ponzi scheme . Most of Geringer’s fraud victims are from the Santa Cruz, California area.
