Tr?id=566623520170033&ev=PageView&noscript=1

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
Quotes Bigger

I just wanted to say thanks again for preparing and executing my case in such a professional manner. It was a pleasure to watch two professionals take such pride in their work, as well as becoming personally in tune with your client (Me). I would personally recommend you and your firm to anyone.

John O.

LATEST NEWS AND ARTICLES

1791578435 Law
October 9, 2026
PIMCO Faces Heavy Losses on Philadelphia Office CMBS

Pacific Investment Management Co.

1791477640 Law
October 8, 2026
Delaware Life Faces Proposed Class Action Over Alleged Private Credit Disclosures

A Florida investor has filed a proposed class action against Delaware Life Insurance Co.

1791390362 Law
October 7, 2026
SEC Charges Investment Fund Operators in Alleged $8.7 Million Fraud Scheme

The Securities and Exchange Commission (SEC) has charged Christopher Kenji Dinelli and Jacob David "Kobe" Frankel with allegedly defrauding 35 investors of more than $8.7 million through Beyond Alpha Ventures LLC and investment advisory firm Beyond Equity LLC.