Posts tagged with: "Ponzi" Results 161 - 180 of 5,488
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FINRA Lawsuit Attorney
15 Nov 2023, 8:41 pm by Shepherd Smith Edwards & Kantas, LLP
You May Be Able To Pursue Damages By Filing A FINRA Lawsuit If you are a GWG L bond investor who suffered serious losses in what is now believed to have been a classic Ponzi scam, please know that there is no guarantee that you will get much, if anything at all, back if you are relying solely on the regulatory actions and class action securities lawsuits. [read post]
Investor Lawyers Blog - https://www.investorlawyers.com/blog/
Federal Court Orders Illinois Man and His Entities to Pay Over $20 Million in Restitution and Penalties for Commodity Pool Ponzi Scheme
15 Nov 2023, 5:56 pm by aturner
Read More [read post]
CFTC Law - https://www.cftclaw.com/
SEC imposed over $5 Billion in financial fines and more than $600 million in whistleblower rewards
15 Nov 2023, 6:26 am by jeffreynewmanadmin
The Securities and Exchange Commission filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the prior fiscal year. [read post]
Whistleblower Blog - https://www.jeffreynewmanlaw.com/blog/
SEC Announces Enforcement Results for Fiscal Year 2023
14 Nov 2023, 9:01 pm by renholding
The Securities and Exchange Commission announced that it filed 784 total enforcement actions in fiscal year 2023, a 3 percent increase over fiscal year 2022, including 501 original, or “stand-alone,” enforcement actions, an 8 percent increase over the prior fiscal year. [read post]
The CLS Blue Sky Blog - https://clsbluesky.law.columbia.edu/
SEC Charges Middlesex Mortgage Group and Masanotti with Running $5.9 Million Ponzi Scheme The U.S. Securities and Exchange Commission (“SEC”) has alleged that unregistered investment adviser John A. Masanotti, Jr. (“Masanotti” of Darien, Connecticut and his company, Middlesex Mortgage Group LLC (“MMG”), with fraud in connection with investments that MMC induced from outside investors, totaling least $5.9 million, beginning in 2016. Many of the MMG investors allegedly liquidated securities they held in retirement accounts to invest in the fund. The SEC Complaint is accessible here. According to the SEC. MMC and Masanotti allegedly used investor money to make Ponzi-like payments to investors and also used some investor funds for Masanotti’s “extravagant personal expenses,” According to the SEC, Masanotti told investors that MMC would invest their money in foreign currencies, securities and initial public offerings, but in fact MMC appears to have made no investments on their behalf. After receiving their initial payments, Masanotti continued to deceive investors to perpetuate the investment scheme, including via payments that purported to be returns on capital invested, the SEC said. Over the course of the scheme, Masanotti allegedly used more than $3 million of Middlesex’s assets for his and his family’s personal benefit, according to the suit. The SEC accuses Masanotti of violating the Securities Act and the Exchange Act. A Ponzi scheme is a purported investment vehicle in which early investors in the scheme are paid funds from later investors, thus creating the illusion of legitimacy and solvency. Ponzi schemes are often doomed to failure once the perpetrator of the scheme can no longer pay out investors through newly raised money. Some warning signs that every investor should remain mindful of when vetting a potential investment and conducting due diligence include the promise of high returns with guarantees of little or no risk; overly consistent returns with little or no volatility in the in
14 Nov 2023, 4:30 pm by InvestorLawyers
SEC Charges Middlesex Mortgage Group and Masanotti with Running $5.9 Million Ponzi Scheme The U.S. [read post]
Investor Lawyers Blog - https://www.investorlawyers.net/blog/
GWG L-Bond Investments Are Nearly Worthless. Here’s How It Happened.
12 Nov 2023, 1:00 am by Banks Law Office
GWG L-Bonds Were A Ponzi Scheme GWG was a Ponzi scheme, meaning that it continued a cycle of (1) borrowing money by selling L-Bonds; (2) losing the borrowed money in its failed business operations; and then (3) borrowing more money to pay back its bondholders. [read post]
Banks Law Office News - https://www.bankslawoffice.com/blog/
Banks Law Office Seeking Potential Victims Of “Tongi Tupe” Ponzi Scheme
9 Nov 2023, 3:41 pm by Banks Law Office
The FBI is also interviewing victims of the Ponzi scheme. [read post]
Banks Law Office News - https://www.bankslawoffice.com/blog/
Silver Law Group Secures FINRA Arbitration Award On Behalf Of Investors In GWG L Bonds  
8 Nov 2023, 6:12 am by Silver Law Group
” See a copy of the Award here: Silver Law Group is a leading Securities and Investment Fraud law firm which concentrates on representing investors in FINRA arbitration claims and representing victims of Ponzi schemes in class action litigation. [read post]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
The Dallas Bar Association honors WFAA-TV with the 2023 Grand Prize Stephen Philbin Award
2 Nov 2023, 5:36 pm by Will Korn
The piece spurred on a federal investigation that led to drug and money laundering charges, the discovery of a $240 million Ponzi scheme, and a $1 billion disruption to drug cartel flights, according to a press release. [read post]
State Bar of Texas Blog - http://blog.texasbar.com/
Cert denied in securities cases questioning SEC on disgorgement, penalties
31 Oct 2023, 7:41 am by Unknown
Petitioner David Smith was convicted of operating a long-term Ponzi scheme, served time in prison, and satisfied a $6 million restitution order. [read post]
Jim Hamilton's World of Securities Regulation - http://jimhamiltonblog.blogspot.com/
FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement October 2023
26 Oct 2023, 8:53 am by Silver Law Group
In the past, FINRA has barred broker’s from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty and other misconduct. [read post]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
FINRA Suspends Registered Individuals For Violations Of FINRA Rules October 2023
26 Oct 2023, 8:35 am by Silver Law Group
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]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
FINRA Bars Stockbrokers For Failing To Provide FINRA With Information October 2023
26 Oct 2023, 7:49 am by Silver Law Group
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]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement September 2023
25 Oct 2023, 12:49 pm by Silver Law Group
In the past, FINRA has barred broker’s from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty and other misconduct. [read post]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
FINRA Suspends Registered Individuals For Violations Of FINRA Rules September 2023
25 Oct 2023, 12:36 pm by Silver Law Group
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]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
FINRA Bars Stockbrokers For Failing To Provide FINRA With Information September 2023
25 Oct 2023, 12:29 pm by Silver Law Group
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]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
FINRA Suspends Stockbrokers For Failing To Comply With FINRA Arbitration Award Or Settlement Agreement August 2023
25 Oct 2023, 8:30 am by Silver Law Group
In the past, FINRA has barred broker’s from the industry for participating in Ponzi schemes, elder financial fraud, breach of fiduciary duty and other misconduct. [read post]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
FINRA Suspends Registered Individuals For Violations Of FINRA Rules August 2023
25 Oct 2023, 8:05 am by Silver Law Group
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]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
FINRA Bars Stockbrokers For Failing To Provide FINRA With Information August 2023
25 Oct 2023, 7:36 am by Silver Law Group
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]
Securities Arbitration Lawyers Blog - https://www.silverlaw.com/blog/
Investment Broker Fraud Law Firm
23 Oct 2023, 8:44 pm by Shepherd Smith Edwards & Kantas, LLP
GWG Holdings is accused of operating a more than $1.6B Ponzi scam. [read post]
Investor Lawyers Blog - https://www.investorlawyers.com/blog/