Insights
November 22, 2016
Everyone knows the name Bernie Madoff; he’s the man whose Ponzi scheme defrauded investors out of $65 billion , a scheme considered the largest act of financial fraud in history . What many investors ...
October 25, 2016
Stuart Dickinson, a former WFG Investments broker, was banned from the securities industry by FINRA after recommending that his clients invest in a Ponzi scheme. The regulatory body also ordered Dicki...
July 6, 2016
Patrick E. Churchville, an investment adviser from Rhode Island, is expected to plead guilty to criminal charges for running a $21 million Ponzi scheme, according to a statement made by the U.S. Attor...
June 27, 2016
Joseph J. Lampariello, the former president and Chief Operating Officer of Medical Capital Holdings Inc., was sentenced to ten years in federal prison by U.S. District Judge David O. Carter. Additiona...
April 7, 2016
John Bivona, an unregistered advisor from New Jersey, has been accused of operating a massive Ponzi scheme by the SEC. Bivona allegedly raised over $53 million from investors, whom he told he would pu...
February 22, 2016
Management of real estate investment trust United Development Funding IV, a hedge fund accused of operating as a Ponzi scheme, has been subpoenaed to turn over company documents to a grand jury. Last ...
December 14, 2015
Stock in United Development Funding IV has gone into a free fall following a report published on an investor website that alleged the real estate investment trust has operated for years like a Ponzi s...
December 2, 2015
Homero Joshua Garza of Brattleboro, Vermont faces federal charges alleging that he operated a Ponzi scheme that bilked thousands of investors. The SEC charged Garza and his two Bitcoin-mining companie...
November 20, 2015
Scott Valente, a 58-year-old stock broker from upstate New York, was sentenced in federal court today to twenty years imprisonment for defrauding over a hundred investors out of over $10 million. He w...
September 22, 2015
In a landmark case that marked the intersection of cryptocurrency and traditional securities law, Trendon Shavers of McKinney, Texas, pleaded guilty to securities fraud for operating a multimillion-do...
August 17, 2015
FSC Securities will pay a $1.28 million arbitration award to investors who were defrauded by Aubrey Lee Price, who had feigned his death in 2012 to avoid being investigated for his $40 million Ponzi s...
August 14, 2015
Bryan Anderson, a former broker from Hoover, Alabama, was sentenced yesterday to seven years and three months in federal prison after pleading guilty to operating a Ponzi scheme that defrauded investo...
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