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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/

Blog Post: Request for Ex Parte Patent Reexamination

14 Nov 2023, 2:00 pm by Sherica Celine

Ex parte reexamination may be used by either the patent owner or a third party to have a patent returned to the U.S. [read post]

Legal Insights Blog - https://www.lexisnexis.com/community/insights/legal/

Nevada Man Arrested After Threatening Senator

14 Nov 2023, 12:32 pm by admin

The U.S. [read post]

Las Vegas Criminal Blawg - https://www.lvcriminaldefense.com/blog

2024 Inflation Adjustments

14 Nov 2023, 11:30 am by Taylor Hayslett

This blog was drafted by Natalie Miller, an attorney in the Spencer Fane Overland Park, Kansas office. [read post]

Spencer Fane Insights - https://www.spencerfane.com/insights/thought-leadership/

Are motorcycle helmets required in California?

14 Nov 2023, 9:58 am by Yosi Yahoudai

The helmet must meet the safety standards set by the U.S. [read post]

J&Y Personal Injury Blog - https://jnylaw.com/blog/

Seeger Weiss Represents Arlington County, Virginia in Insulin Pricing Lawsuit

14 Nov 2023, 9:10 am by Seeger Weiss

From offices in New York, New Jersey, Pennsylvania, and Massachusetts, the firm has represented over 10,000 individuals, companies, and governments across the United States who have been injured or defrauded on a massive scale. [read post]

Seeger Weiss LLP Blog - https://www.seegerweiss.com/news/

THINGS GOT CRITICAL AT JACOBSON MEMORIAL HOSPITAL CARE CENTER

14 Nov 2023, 7:00 am

District Court of North Dakota, Western Division, Civil Action No. 1:23-CV-00192, seeking monetary damages and injunctive relief.In a written statement, Greg Gochanour, regional attorney for the EEOC’s Chicago District Office, noted that “Title VII makes it clear that employers must not punish employees filing harassment complaints …. [read post]

Real Estate Law Blog - http://www.nyrealestatelawblog.com/

Preet Bharara calls for prosecutors to announce when an investigation closes

14 Nov 2023, 12:30 am by David Oscar Markus

Attorney in New York. [read post]

Southern District of Florida Blog - http://sdfla.blogspot.com/

Safe Harbor Defenses to Health Care Fraud Kickback Charges

13 Nov 2023, 5:40 pm by Michael Lowe

United States, 529 U.S. 667 (2000), as: a misappropriation of funds that enriches a person of power or influence who uses the power or influence to make a different individual, organization, or company richer. [read post]

Dallas Criminal Defense Lawyer Blog - http://www.dallasjustice.com/dallascriminallawyerblog

FINRA Rule 2020: Manipulative, Deceptive, Fraudulent Devices

13 Nov 2023, 1:01 pm by The White Law Group

With offices in Chicago, Illinois, and Seattle, Washington, the firm offers a free consultation with a securities attorney. [read post]

The White Law Group's Securities Fraud Blog - http://www.whitesecuritieslaw.com/securities-fraud/blog/

Should You Film Your Own Annapolis DUI Stop?

13 Nov 2023, 11:56 am by Drew Cochran

The First Amendment of the U.S. [read post]

Drew Cochran Criminal Law Blog - https://www.drewcochranlaw.com/blog/

Truckers’ Drug Use On The Rise: New Testing

13 Nov 2023, 11:23 am by Kelly Fitzsimmons

Anderson - Personal Injury Attorney Colorado. [read post]

Latest News - https://coloradopersonalinjury.com/latest-news/

XTO Energy pays $16 million to settle has royalty underpayments to the U.S. from federal and Native American lands

13 Nov 2023, 11:11 am by jeffreynewmanadmin

Attorney’s Office for the District of Colorado, DOI-OIG’s Energy Investigations Unit, DOI’s Office of the Solicitor and DOI’s Office of Natural Resources Revenue. [read post]

Whistleblower Blog - https://www.jeffreynewmanlaw.com/blog/

THINGS GOT REAL UNSAVORY AT THIS CHIPOTLE

13 Nov 2023, 7:00 am

Louis District office. [read post]

Real Estate Law Blog - http://www.nyrealestatelawblog.com/

Post-it Note Gate

13 Nov 2023, 3:30 am by David Oscar Markus

Attorney's Office for hours last week. [read post]

Southern District of Florida Blog - http://sdfla.blogspot.com/

US federal court blocks DOJ proceedings against SpaceX

12 Nov 2023, 12:30 pm by Ekaterina Perez | Southwestern Law School, US

However, the US Constitution requires that “inferior officers”—including DOJ administrative judges—”must be ‘directed and supervised’ by the Attorney General. [read post]

JURIST - Paper Chase - https://www.jurist.org/news/

Guide to Winding-Up a Korea-based Company: Korean Company Liquidation Procedure

12 Nov 2023, 8:21 am by Sean Hayes

The company after filing is treated similarly to a company that is in U.S. [read post]

Korean Law Blog - http://www.thekoreanlawblog.com/

What to Do After an Arrest?

10 Nov 2023, 6:04 pm

The U.S. [read post]

Collins Rupp, P.C. Blog - https://www.collinsrupp.law/our-blog

Embracing the 2nd Amendment is critical for the criminal defense

10 Nov 2023, 11:49 am by Jon Katz

, 597 U.S. [read post]