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Jan 4, 2018

FRANKOWSKI FIRM INVESTIGATING CLAIMS AGAINST AEQUITAS CAPITAL MANAGEMENT

By |January 4th, 2018|Ponzi Scheme|

The Frankowski Firm is investigating potential claims against Aequitas Capital Management of Lake Oswego, Oregon. The Securities and Exchange Commission has brought charges against Aequitas and three of its top executives for allegedly running a $350 million Ponzi scheme. The SEC allegations claim that, since 2014, Aequitas defrauded investors into thinking they were investing in [...]

Dec 23, 2017

SEC CHARGES WOODBRIDGE GROUP AND FOUNDER ROBERT SHAPIRO WITH RUNNING $1.2 BILLION PONZI SCHEME

By |December 23rd, 2017|Ponzi Scheme|

Did you lose money investing with the Woodbridge Group? The Frankowski Firm can help The Securities and Exchange Commission (“SEC”) announced yesterday that it was bringing charges and freezing the assets of a group of unregistered funds and their owner based on allegations that the Woodbridge Group and its founder, Robert Shapiro, bilked investors (many [...]

Sep 13, 2017

FRANKOWSKI FIRM INVESTIGATING BROKER MARK DAVID HOLT

By |September 13th, 2017|Ponzi Scheme|

The Frankowski Firm is investigating potential claims against stockbroker Mark David Holt, formerly of Harbour Investments and Geneos Wealth Management in the Minneapolis-St. Paul, Minnesota area. Mr. Holt is a disbarred attorney and former broker who was banned from the securities industry and is currently serving a ten-year prison sentence for wire fraud. According to [...]

Aug 31, 2017

Frankowski Firm Investigating Broker Bob Wamhoff

By |August 31st, 2017|Broker Check, Broker Negligence, Legal Matters, Ponzi Scheme, REIT|

The Frankowski Firm is investigating potential claims against stockbroker Robert Edward “Bob” Wamhoff. Mr. Wamhoff is currently with the firm of Calton & Associates, Inc. off Saint Charles, Missouri and previously was with VSR Financial Services, Inc. which is also in the Saint Louis, Missouri area. According to Financial Industry Regulatory Authority (“FINRA”) data, eight [...]

Mar 29, 2017

“My Broker Stole My Money:” Your Rights as a Victim of Securities Fraud and Negligence

By |March 29th, 2017|Ponzi Scheme|

For many people, the phrase “securities fraud” is synonymous with Bernie Madoff, the man who ran a multi-billion dollar Ponzi scheme that resulted in thousands of people losing their investment funds. In truth, securities fraud encompasses much more than the stereotypical boiler room: it is any act by a broker, advisor or investment firm that [...]

Feb 8, 2017

Hamilton Ticket Resale Ponzi Scheme Investor Sues

By |February 8th, 2017|Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, SEC, Securities Law Violations|

Adam Blank, an investor in the alleged $81 million Ponzi scheme pertaining to the buying and selling of tickets to popular shows, including Adele concerts and Broadway's Hamilton, sued his broker-dealer, alleging the firm made several false and misleading statements about its due diligence and investigation into the ticket operation. The suit was [...]

Jan 24, 2017

FINRA January 2017 Disciplinary Actions

By |January 24th, 2017|Alabama, Bonds, Broker Check, Churning, Conflict of Interest, Conspiracy, Failure To Supervise, Fiduciary Duties, FINRA, FINRA News, Fraud, Georgia, Hedge, Bond & Mutual Funds, Legal Matters, Master Limited Partnership, Misappropriated Funds, Misrepresentation and Fraud, Non Traded Real Estate Investment Trust, Ponzi Scheme, Press Releases & News, Private Placements, Pump-And-Dump, REIT, SEC, Securities Law Violations, Selling Away, Suitability, Variable Annuity|

FINRA takes disciplinary actions against firms and individuals for violations of FINRA rules; federal securities laws, rules, and regulations; and the rules of the Municipal Securities Rulemaking Board. Below are a number of penalties announced by the regulator in January 2017. If you have been a victim of any of the below behavior, you may [...]

Jan 16, 2017

Richard Gearhart & George McKown Charged With Securities Fraud

By |January 16th, 2017|401(k), Conspiracy, Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, SEC, Securities Law Violations, Unregistered broker dealer, Variable Annuity|

Richard Gearhart of Lowell, Indiana and George McKown of Indianapolis, Indiana have been indicted on fraud charges after prosecutors claim they sold securities to investors despite not being registered to do so. The two were charged with conspiracy to commit securities fraud, securities fraud, and wire fraud, said U.S. Attorney David Capp. According [...]

Dec 30, 2016

Ash Narayan Banned For Defrauding Pro Athletes

By |December 30th, 2016|Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, SEC, Securities Law Violations|

Former financial adviser Ash Narayan agreed to be barred from associating with brokerage or advisory firms to settle regulators' allegations that he secretly received nearly $2 million from companies that he invested his professional athlete clients in for at least five years. Narayan additionally placed clients in unsuitable private investments and misrepresented himself as a [...]

Nov 28, 2016

Levi David Lindemann Receives 6-Year Sentence For Ponzi Scheme

By |November 28th, 2016|Broker Check, Fraud, Ponzi Scheme, Press Releases & News, SEC, Securities Law Violations|

Levi David Lindemann, a Minnesota investment advisor, received a six-year prison sentence for stealing from clients and operating a Ponzi scheme, according to the Minnesota Department of Commerce. Lindemann was sentenced to 74 months imprisonment by a U.S. District Court, having pleaded guilty earlier this year to federal mail fraud and money-laundering charges. He was the [...]

Oct 19, 2016

SEC Hits UDF With Wells Notice

By |October 19th, 2016|Fraud, Misrepresentation and Fraud, NASDAQ, Non Traded Real Estate Investment Trust, Ponzi Scheme, Press Releases & News, REIT, SEC, Securities Law Violations|

The Frankowski Firm, LLC currently represents multiple investors who have invested in troubled United Development Funding REITs. Earlier this week, the Securities and Exchange Commission issued a Wells notice against the Texas company, which indicates that the SEC has made a preliminary determination to potentially recommend an enforcement action against it. Meanwhile, the NASDAQ stock [...]

Jul 28, 2016

Thomas Conrad Jr. Defrauds Investors 40 Years After Ban

By |July 28th, 2016|Failure To Disclose, Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, SEC, Securities Law Violations|

According to the SEC, Thomas Conrad Jr.--an 85 year old man from Alpharetta, Georgia who was barred from the securities industry 45 years ago for fraud--was defrauding investors all over again with the assistance of his 55 year old son, Stuart P. Conrad. The two allegedly defrauded investors in a group of hedge funds they [...]

Jul 7, 2016

Andrew Caspersen Pleads Guilty To $40M Fraud

By |July 7th, 2016|Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, Securities Law Violations, Wire Fraud|

Andrew Caspersen, an ex-Wall Street executive and descendant of a wealthy family, pleaded guilty this week to federal charges that he defrauded friends, family, and a hedge fund billionaire's foundation out of almost $40 million. He pleaded guilty to one count of securities fraud and one count of wire fraud, each of which carries a [...]

Jul 6, 2016

Adviser To Plead Guilty To $21M Ponzi Scheme

By |July 6th, 2016|Failure To Disclose, Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, SEC, Securities Law Violations, Wire Fraud|

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. Attorney's Office. In addition, Churchville used $2.5 million of his clients' cash to buy a house, and he failed to pay over $820,000 [...]

Jun 27, 2016

Medical Capital COO Gets 10 Years For Ponzi Scheme

By |June 27th, 2016|Fraud, Ponzi Scheme, Press Releases & News, Private Placements, SEC, Securities Law Violations|

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. Additionally, Lampariello was ordered to pay nearly $40 million in restitution to investors. Medical Capital was a private placement that turned into a Ponzi [...]

Jun 21, 2016

NFL And MLB Athletes Victim Of $30M Fraud

By |June 21st, 2016|Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, SEC, Securities Law Violations|

Three professional athletes--Denver Broncos' quarterback Mark Sanchez, San Francisco Giants' pitcher Jake Peavy, and former major league pitcher Roy Oswalt--are the victims of an alleged Ponzi-like scheme operated by an investment adviser who appealed to their Christianity. According to the SEC the three were conned out of roughly $30 million. The SEC has filed suit [...]

Jun 17, 2016

Trader Accused Of $23M Investor Fraud

By |June 17th, 2016|Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, SEC, Securities Law Violations|

Haena Park, a New York foreign exchange trader, has been charged with investor fraud, claiming her investments were profitable when she actually lost over $16 million since 2012. The SEC claims Park misrepresented her investment background in raising at least $14 million from over thirty investors for funds she operated under the name Phaetra [...]

Jun 15, 2016

Philadelphia Broker Pleads Guilty To Fraud

By |June 15th, 2016|Broker Check, FINRA, Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, Securities Law Violations|

William Bucci, a former stockbroker from Philadelphia, Pennsylvania, pleaded guilty to securities fraud and related charges for thieving around $3 million from investors for an import business that never existed and other ventures. According to prosecutors, Bucci told investors that he would import high-end olive oil and wine from Italy. He further convinced his [...]

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