Insights
October 27, 2014
Tiger Woods Foundation Inc. and Tiger Woods Charity Event Corp., charities founded by golfing legend Tiger Woods, may be sued for unknowingly receiving donations acquired from a Ponzi scheme. The orga...
October 22, 2014
Currently, the SEC defines an accredited investor a someone who either has an income of at least $200,000 ($300,000 for couples) or a net worth of at least $1 million, without including the individual...
October 21, 2014
The U.S. Supreme Court decided yesterday that it would not hear appeals from two former senior executives of Duane Reade Inc. The appeals follow the executives’ 2010 securities fraud convictions...
October 20, 2014
Louis Gallo, former vice president of Commodities Online LLC, a Florida-based investment company, was sentenced last week to fourteen years imprisonment and ordered to pay nearly $20 million in restit...
October 17, 2014
Richard L. Pearson, a broker affiliated with Rothstein Rosenfeldt Adler PA and alleged to have played a role in Scott Rothstein’s $1.2 billion Ponzi scheme, pleaded guilty in Florida federal cou...
October 16, 2014
The SEC adopted a rule that will allow securities arbitrators to immediately disclose frauds that have the potential to threaten the investing public when they learn of such frauds in the midst of a c...
October 15, 2014
Frank Spinosa, a former vice president of TD Bank from Fort Lauderdale, is facing a potential 20 year imprisonment sentence if convicted on charges made by the FBI in relation to an extensive Ponzi sc...
October 14, 2014
Robert Dane Freeman, a former investment advisor from Flat Rock, North Carolina, was arrested and arraigned last week, having been alleged to be a co-conspirator in a securities fraud. Freeman is bein...
October 13, 2014
The Frankowski Firm is investigating a two-man Ponzi scheme that victimized Utah investors. Martin A. Pool of Atlanta, Georgia and Armand R. Franquelin of Liberty, Utah pleaded guilty in May to fraud ...
October 10, 2014
Dennis F. Wright, an ex-AXA Equitable Life Insurance Co. agent who pleaded guilty to related criminal charges last month, will pay $2 million to settle his case with the SEC. Wright is alleged to have...
October 9, 2014
Breifne O’Brien, an Irish businessman and socialite, was sentenced this week by a court in Ireland to seven years imprisonment for operating a $10.8 million Ponzi scheme. The scheme consisted of...
October 7, 2014
Jeffrey B. Bland, a businessman from Albuquerque, New Mexico, was indicted last week on felony charges for allegedly stealing $229,000 from an elderly Alamogordo, New Mexico investor. An Otero County,...
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