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

Thank you so very much for your guidance, patience, and expertise.

Beth and Steve K.

LATEST NEWS AND ARTICLES

1781279618 Law
June 12, 2026
FINRA Suspends Former LPL Broker Over Undisclosed Outside Business Activity

The Financial Industry Regulatory Authority (FINRA) has imposed a $5,000 fine and a 45-day suspension against former LPL Financial broker James R.

1781195016 Law
June 11, 2026
FINRA Suspends Former Raymond James Representative for Improper Account Conversions and Unauthorized Trading

The Financial Industry Regulatory Authority (FINRA) sanctioned Paul D.

1781105914 Law
June 10, 2026
Ameriprise Reports Second Data Breach in Less Than Six Months

Ameriprise Financial recently disclosed another data breach, marking the second cybersecurity incident involving the firm in less than six months.