SEC Files Charges Against Robert M.Thompson and Financial Freedom Foundation

Posted on June 4th, 2024 at 1:13 PM
SEC Files Charges Against Robert M.Thompson and Financial Freedom Foundation

From the desk of Jim Eccleston at Eccleston Law

The U.S. Securities and Exchange Commission (SEC) has taken legal action against Robert M. Thompson and Financial Freedom Foundation (F3 Mastermind), a private entity under his control, for allegedly defrauding investors through three securities offerings.

According to the SEC's complaint, Thompson promoted F3 Mastermind as an exclusive membership group for investors seeking passive income. Allegedly, members paid initiation and monthly fees, gaining access to investment opportunities in trading programs promising extravagant returns, ranging from 20 percent per week to 4,000 percent annually. DiWire reports that Thompson and F3 Mastermind recommended those investments to at least five investors, soliciting funds totaling $2 million from individuals in Missouri, Kentucky, and California.

The complaint asserts that Thompson and F3 Mastermind misrepresented these programs as legitimate, offering exceptional returns with minimal risk. These investments were akin to "prime bank" schemes, characterized by secretive operations and vague terms, obscuring the origin of promised returns. Additionally, relief defendant Brian K. Stucki purportedly received illicit gains from the scheme without legitimate entitlement.

Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, transition, regulatory, and disciplinary matters.

Tags: eccleston, eccleston law, sec

Return to Archive

TESTIMONIALS

Previous
Next

You were most helpful with my FINRA deposition. You are a good lawyer and a good person.

Dan B.

LATEST NEWS AND ARTICLES

January 15, 2026
FINRA Flags Risks of Early Withdrawals and Exchanges in Registered Index-Linked Annuities

The Financial Industry Regulatory Authority (FINRA) has issued a renewed warning to the industry about the risks consumers face when they exit registered index-linked annuities (RILAs) before the end of the contract term.

January 14, 2026
FINRA Fines and Suspends Wells Fargo Advisor Over Fictitious Expense Claims

The Financial Industry Regulatory Authority (FINRA) fined and suspended a Wells Fargo Advisors representative in Waco, Texas, after finding that he submitted fictitious business expense claims, according to a FINRA Acceptance, Waiver and Consent (AWC) letter.

January 12, 2026
Florida Man Indicted in $36 Million Investment Fraud Scheme

According to news sources, federal prosecutors allege that a Florida man orchestrated a multimillion-dollar Ponzi scheme that funded a luxury lifestyle built on stolen investor money, according to the U.S. Department of Justice.