Tagged with "Ponzi Scheme"

Virginia Investment Adviser Sentenced to 13 Years in Prison in Connection with Operating a $5 Million Ponzi Scheme

Posted on February 8th, 2019 at 10:27 AM
Virginia Investment Adviser Sentenced to 13 Years in Prison in Connection with Operating a $5 Million Ponzi Scheme

According to the U.S. Department of Justice, Virginia investment adviser, Edward Lee Moody Jr. has been sentenced to 13 years in prison after pleading guilty to mail fraud and other related charges in connection with orchestrating a 13-year Ponzi-scheme.

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SEC Charges New York Investment Adviser Hector May for Operating a Ponzi-Scheme

Posted on December 17th, 2018 at 2:51 PM
SEC Charges New York Investment Adviser Hector May for Operating a Ponzi-Scheme

The SEC has filed a complaint in the Southern District of New York against former Rockland County, New York-based investment adviser, Hector May and his daughter, Vania Bell for misappropriating more than $7.9 million in a Ponzi-scheme involving the sale of bonds.

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Oklahoma Couple Files Lawsuit Against Accounting Firm for its Connection to Woodbridge Ponzi Scheme

Posted on October 26th, 2018 at 9:17 AM

An Oklahoma couple filed a lawsuit in federal court against the accounting firm, Gibson & Reynolds LLC alleging breach of fiduciary duty and negligence in supervising its employee who was also a Woodbridge Group of Companies, LLC (Woodbridge) sales agent.

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Former Investment Adviser Representative Convicted of Orchestrating a $20 Million Dollar Ponzi Scheme

Posted on October 19th, 2018 at 3:12 PM

The U.S Attorney for Maryland has announced that former Washington D.C. investment adviser representative, Dawn J. Bennett has been found guilty of 17 federal charges, including conspiracy, securities fraud and bank fraud.

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SEC Obtains Court Order to Freeze Assets of Three Businessmen Accused of Orchestrating a Ponzi Scheme

Posted on October 8th, 2018 at 10:00 AM
SEC Obtains Court Order to Freeze Assets of Three Businessmen Accused of Orchestrating a Ponzi Scheme

The SEC has obtained a Maryland federal district court order to freeze the assets of three businessmen working out of Maryland, Deleware, and Texas who orchestrated a Ponzi scheme that raised more than $345 million from investors across the U.S.

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Former North Dakota Investment Adviser Sentenced to 11 Years in Prison for Orchestrating a Ponzi Scheme

Posted on September 13th, 2018 at 1:48 PM
Former North Dakota Investment Adviser Sentenced to 11 Years in Prison for Orchestrating a Ponzi Scheme

Barred North Dakota investment adviser, Kevin Wanner has been sentenced to 11 years in prison after pleading guilty to mail fraud and money laundering.

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SEC Files a Complaint Against Chicago Real Estate Investment Firm for Orchestrating a $135 Million Ponzi Scheme

Posted on August 31st, 2018 at 4:27 PM
SEC Files a Complaint Against Chicago Real Estate Investment Firm for Orchestrating a $135 Million Ponzi Scheme

The SEC has filed a complaint in the Northern District of Illinois against real estate investment firm, Equitybuild, Inc, its CEO and President Jerome Cohen and Vice President Shaun Cohen accusing them of running a $135 million Ponzi scheme in violation of the Securities Exchange Act.

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Nassau County, New York Financial Advisor Charged After Orchestrating a $5 Million Ponzi Scheme

Posted on July 25th, 2018 at 2:35 PM
Nassau County, New York Financial Advisor Charged After Orchestrating a $5 Million Ponzi Scheme

The Nassau County District Attorney’s Office has filed several criminal charges against financial advisor, Matthew Eckstein in connection to an alleged Ponzi scheme that scammed 14 victims out of more than $5 million.

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SEC has Filed Charges Against a Group of Formerly Registered Investment Advisers for Orchestrating a $102 Million Ponzi Scheme

Posted on June 22nd, 2018 at 1:34 PM

The SEC has filed civil charges against formerly registered investment advisers, Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto and Thomas Brenner, along with their three investment firms, First Nationle Solutions, LLC, United RL Capital Services and Percipience Global Corp for defrauding at least 637 individual investors.

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Philadelphia Real-Estate Investor Pleads Guilty to Fraud Charges for his Role in Ponzi Scheme

Posted on June 19th, 2018 at 1:49 PM
Philadelphia Real-Estate Investor Pleads Guilty to Fraud Charges for his Role in Ponzi Scheme

Philadelphia businessman, Carl Frederic Sealey, has pled guilty in connection to fraud charges for orchestrating a $1.6 million Ponzi scheme.

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