Posts tagged with: "Ponzi"
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7 Feb 2020, 11:41 am
Sometimes those investments have some legitimacy but often times these types of investments can end up being Ponzi schemes or the advisor can be engaging in the conversion of funds. [read post]
22 Oct 2007, 8:18 am
During her March 29, 2006 testimony before the Senate, NASAA President, Patricia Struck outlined several cases of senior investment fraud handled by NASAA members, including one case in which a trusted church official operated a Ponzi scheme that victimized a total of 117 friends, relatives and parishioners (mostly seniors) of over $6 million. [read post]
11 Mar 2021, 7:02 am
At the outset, he summed up the case by noting that, having agreed to buy our clients’ cattle through Rogers, defendants “shorted Plaintiffs, refusing to pay, and claimed that Rogers was a ne’er do well, actually in the midst of defrauding Defendants through a sort of cattle-shifting Ponzi scheme. [read post]
3 Oct 2022, 2:17 pm
For more information on the White Law Group’s claims involving GWG Holdings Inc and GPB Capital, Inc, please see: GWG Holdings * GWG L Bonds * Investor Lawsuits for Recovery and GPB Capital Execs Arrested for Allegations of “Ponzi-like Scheme” The post The White Law Group Files a Lawsuit against Lion Street Financial and Triad Advisors appeared first on The White Law Group. [read post]
20 May 2019, 10:58 am
The scheme lasted for four years until 2017 and began to resemble a makeshift Ponzi, as all the while the defendant was collecting storage fees and accepting new bottles of wine from his current clients. [read post]
1 Mar 2011, 5:00 am
The whole government is a Ponzi scheme. [read post]
28 Jan 2020, 7:21 am
Elderly investors are also targeted for Ponzi schemes and affinity frauds. [read post]
3 Sep 2015, 7:00 am
In reality, FINRA determined that the investors lost all of the money that they invested in the MMM Notes, with the exception of three investors who were repaid with funds from new investors in a Ponzi scheme like fashion. [read post]
4 Jul 2012, 9:30 pm
The bottom line is that while the businessman sitting on one shoulder is telling me that this is a great way to score some needed cash for associations with the motto “it isn’t wrong unless you get caught” the lawyer sitting on my other shoulder is reminding me of all the ponzi schemers, robo-signers, etc. that lived by that same mantra and we all know how they have fared over the last few years. [read post]
12 Jul 2019, 8:59 am
Instead, the funds were misappropriated in an attempted to save Aequitas, with some investors’ money used to pay earlier investors in Ponzi-like fashion, and to continue supporting executives’ salaries. [read post]
29 Jun 2020, 8:52 pm
COVID-19 threats has also prompted some high-profile federal inmates – among them Ponzi schemer Bernard Madoff, short-time White House communicator and attempted Nike extortionist Michael Avenatti, and ex-Trump personal lawyer Michael Cohen — to seek court orders for their release from incarceration. [read post]
19 Aug 2022, 8:54 am
In the past, FINRA has barred brokers from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty, and other misconduct. [read post]
18 Aug 2011, 7:41 am
Shapiro made his money defrauding investors in an elaborate Ponzi scheme. [read post]
26 Jan 2012, 4:44 pm
Merrill fined $1 mln for failure to arbitrate, Reuters, January 25, 2012 SEC Approves Rule Establishing Expedited Procedures for Arbitrating Promissory Note Cases, FINRA, September 14, 2009 More Blog Posts: Securities Claims Accusing Merrill Lynch of Concealing Its Auction-Rate Securities Practices Are Dismissed by Appeals Court, Stockbroker Fraud Blog, November 30, 2011 Merrill Lynch Faces $1M FINRA Fine Over Texas Ponzi Scam by Former Registered Representative, Stockbroker Fraud… [read post]
21 Jan 2011, 3:48 pm
As Tom Friedman, Robert Kennedy Jr. and others have pointed out, our fossil-fuel dependence is the equivalent of an intergenerational Ponzi scheme, with our kids left holding the bag. [read post]
27 Jan 2012, 7:12 am
Ponzi schemers face criminal fraud charges. [read post]
20 Apr 2015, 10:12 am
The Arbitrator noted that “as a result [Claimants] put up additionally money to pay themselves the past due amounts that they were owed,” noting, that this type of practice was “akin to a Ponzi scheme. [read post]
10 Oct 2013, 7:11 am
Specifically, Carris and JCI are accused of; misleading investors of the poor performance by Invictus and JCI, failing to disclose personal use of firm funds by Carris, failing to disclose that Invictus recently defaulted on notes worth $1.9 million, and failing to disclose that distributions were paid to early investors from new investors’ funds in a “Ponzi-like manner. [read post]
15 Dec 2008, 6:00 am
Madoff with running a fraudulent Ponzi scheme of mind-blowing proportions. [read post]
3 Jul 2017, 9:10 am
Many involve criminal activity, including credit card scams, identity theft, counterfeiting and Ponzi schemes. [read post]
