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Jul 11, 2016

AL Man Charged With $1.5M Securities Fraud Involving Church

By |July 11th, 2016|Alabama, Alabama Securities Commission, Failure To Disclose, Fraud, Joseph Borg, Misrepresentation and Fraud, Press Releases & News, Private Placements, Securities Law Violations, Unregistered broker dealer, Unregistered Securities|

Terry Earl Hester of Pike County, Alabama was charged with violating the Alabama Securities Act after allegedly making false promises to a Tuscaloosa County church involving $1.5 million in funds. Hester turned himself into authorities on June 15. The charges are the result of a six-count indictment by a Tuscaloosa County grand jury, according [...]

May 27, 2016

Alabama Man Sentenced For Securities Fraud

By |May 27th, 2016|Alabama, Alabama Securities Commission, Broker Check, FINRA, Fraud, Huntsville, Madison County, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, Securities Arbitration, Securities Law Violations, Suitability, Unregistered Securities|

Keith Michael Rogers of Huntsville, Alabama was sentenced by Madison County Circuit Court Judge Alison Austin to three years in prison for securities fraud. He received a ten year split sentence and will serve three years and has seven suspended. Judge Austin also ordered Rogers to pay $1.7 million in restitution. The sentencing follows [...]

Apr 29, 2016

AL Man Indicted For Alleged Securities Fraud

By |April 29th, 2016|Alabama, Alabama Securities Commission, Fraud, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations, Unregistered broker dealer, Unregistered Securities|

Jason Todd Caudle of Sylacauga, Alabama has been indicted for alleged securities fraud, following a March 11, 2016 arrest. The grand jury issued a five-count indictment. On the same day, Caudle posted a bond of $250,000 and was released. Caudle then failed to appear for his arraignment on April 5, 2016 and was arrested again [...]

Mar 30, 2016

Kansas Man Sentenced For Securities Fraud

By |March 30th, 2016|FINRA, Fraud, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations, Suitability, Unregistered Securities|

Dennis D. Bailey of Bel Aire, Kansas has been sentenced to five years in prison for securities fraud. In addition to his 61 month prison sentence, Bailey was ordered to pay $875,000 in restitution. The former financial adviser had previously pleaded guilty to one count of felony securities fraud under the Kansas Uniform Securities Act. [...]

Jan 22, 2016

Top Investor Threats

By |January 22nd, 2016|Non Traded Real Estate Investment Trust, Oil / Gas Investments, Ponzi Scheme, Press Releases & News, REIT, Securities Law Violations, Unregistered broker dealer, Unregistered Securities|

The following is a list compiled by the North American Securities Administrators Association of the top financial products and practices that threaten to trap unwary investors and small business owners: Unregistered Products / Unlicensed Salesmen: The offer of securities by an individual without a valid securities license should be a red alert for investors. Con artists [...]

Jan 4, 2016

Alabama Man Indicted On Securities Fraud Charges

By |January 4th, 2016|Alabama, Alabama Securities Commission, Fraud, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations, Unregistered broker dealer, Unregistered Securities|

Last month, Jesse Morgan Hinson of Troy, Alabama was arrested for alleged violations of the Alabama Securities Act. Hinson turned himself in to Houston County law enforcement officials based on an arrest warrant issued after an October 2015 Houston County Grand Jury returned a four-count indictment. Hinson was released on $75,000 bond pending trial. The [...]

Dec 4, 2015

Pennsylvania Man Charged With Defrauding Investors Out Of $1.2M

By |December 4th, 2015|FINRA, Fraud, Misrepresentation and Fraud, Ponzi Scheme, Press Releases & News, SEC, Securities Law Violations, Unregistered Securities|

Bernard M. Parker of Indiana, Pennsylvania is charged with defrauding twenty-two investors out of $1.2 million and using the cash to pay his mortgage, debit card purchases, and other personal expenses. Parker, who operated Parker Financial Services from his home, was indicted under seal on counts of securities and mail fraud. The case was then [...]

Nov 30, 2015

Kansas Man Sentenced In Securities Fraud Case

By |November 30th, 2015|Fraud, Misrepresentation and Fraud, Press Releases & News, Unregistered Securities|

Paul C. Carageannis of Wichita, Kansas was sentenced to 60 months of probation and ordered to pay the balance of over $165,000 in misused funds to his victims. Carageannis pleaded no contest on June 15th to one count of felony securities fraud under the Kansas Uniform Securities Act. Carageannies bilked at minimum eleven Kansas investors out [...]

Oct 30, 2015

Texas Man Sentenced For Selling Unregistered Securities To Alabama Investor

By |October 30th, 2015|Alabama, Alabama Securities Commission, Joseph Borg, Press Releases & News, Securities Law Violations, Unregistered broker dealer, Unregistered Securities|

Richard Waskom of McKinney, Texas pleaded guilty to one count of Sale of Unregistered Securities before Jefferson County, Alabama Circuit Court Judge Tommy Nail and was given probation for selling unregistered securities pertaining to a project to re-enter previously drilled oil wells. Waskom was sentenced, under a plea deal with prosecutors, to five years imprisonment. [...]

Sep 23, 2015

Two Charged In Alabama Securities Fraud Case

By |September 23rd, 2015|Alabama, Alabama Securities Commission, Fraud, Misrepresentation and Fraud, Press Releases & News, Securities Law Violations, Unauthorized Trading, Unregistered Securities|

Bruce Alexander Gwyn of Metairie, Lousiana and James Anthony Ghio of Fairhope, Alabama were arrested on charges of fraud and illegal sales, the Alabama Securities Commission announced. The indictment alleges that they offered or sold securities described as limited partnership interests in Level III Trading Partners LP to an Alabama resident. The indictment further accuses [...]

Sep 14, 2015

SEC Alleges California Men Ran Religious Scam

By |September 14th, 2015|Fraud, Misrepresentation and Fraud, Press Releases & News, SEC, Securities Law Violations, Unregistered Securities|

The Securities and Exchange Commission announced fraud charges and an asset freeze to stop a continuing real estate investment scheme operated by three California businessmen, who allegedly stole investor funds after guaranteeing them "indestructible wealth." The SEC claims that Paul Ricky Mata, David Kayatta, and Mario Pincheira took investor cash to use as their own [...]

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