Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in October, 2010

A Mercer Island man was arrested for his alleged involvement in a Ponzi scheme and for bankruptcy fraud. Frederick Darren Berg, 48, was arrested in Los Angeles, California, on Monday, October 25, ... Continue reading "Ponzi Scheme and Bankruptcy Fraud Leads to Arrest of Mercer Island Man" »
A former Voorheesville stockbroker has been arrested by New York State Police for his alleged fraudulent activities. Mark Casolo, 54, was arrested on felony grand larceny and forgery charges and was ... Continue reading "Charges Brought Against Former Stockbroker" »
A San Luis Obispo County man has pleaded no contest for his participation in an investment scam involving more than $2 million. Leonard Delk, 82, of Los Osos entered his pleas on Tuesday, 12, 2010. ... Continue reading "San Luis Obispo Man Pleads "No Contest" in $2 Million Investment Scam" »
Carl Lawrence Estep of Belgrade, Montana pled guilty in federal court last Friday to charges of wire fraud and mail fraud, according to Oct. 23 Associated Press article. The fraud charges were in ... Continue reading "Montana Man Pleads Guilty to Multi-State Gold and Platinum Investment Scheme" »
A jury found two perpetrators of a multi-million-dollar investment scheme guilty last week, according to an Oct. 22 article by The Leaf-Chronicle. Kenneth Kennedy of Clarksville, TN and Ann ... Continue reading "Two Defendants Convicted in Multi-Million-Dollar Investment Scheme" »
Vaughn Reeves, a 66-year-old former Pastor from southern Indiana, was convicted last week on nine counts of securities fraud, according to an Oct. 21 article by The Associated Press. After ... Continue reading "Former Indiana Pastor Found Guilty of Defrauding Church Members" »
Just before he retired, former Commodity Futures Trading Commission judge George H. Painter issued a notice to the Commission that exposed his colleague, Judge Bruce Levine, as a biased and corrupt ... Continue reading "Retiring CFTC Judge Exposes Colleague as Biased and Corrupt" »
Three multi-million dollar arbitration awards recently issued by FINRA have some industry observers and plaintiffs' attorneys believing that the arbitration process is becoming fairer to ... Continue reading "Recent Flood of Multi-Million Dollar Arbitration Awards for Investors" »
Last week the SEC issued a proposal that would change the way issuers of asset-backed securities provide information to investors by requiring the issuers to perform and disclose a review of the ... Continue reading "SEC Proposes Enhanced Disclosures to Protect Investors in Asset-Backed Securities" »
A federal grand jury indicted and charged three partners at a Monterey investment firm with 43 federal counts. The three suspects were arrested on Thursday, October 7, 2010, by federal regulators. ... Continue reading "Investment Fraud Results in 43 Federal Counts" »

John Elway Among Ponzi Scheme Victims

A former hedge-fund manager has been charged with operating a Ponzi scheme after allegedly duping dozens of unsuspecting investors, including former Denver Broncos quarterback John Elway. The Cherry ... Continue reading "John Elway Among Ponzi Scheme Victims" »
The U.S. Securities and Exchange Commission (SEC) has charged an Illinois man with violating federal securities laws and for his alleged participation in a Ponzi scheme involving $12 million. FBI ... Continue reading "Illinois Man Accused of Operating $12 Million Ponzi Scheme" »
“CHiPs” star Larry Wilcox faces securities fraud charges for his involvement in an elaborate kickback scheme involving penny stocks. Mr. Wilcox, who played California Highway Patrol ... Continue reading ""CHiPs" are Down for Larry Wilcox Who's Accused of Securities Fraud" »
According to a recently released SEC Investor Alert, recipients of lump sum payouts from BP need to be aware of investment scams that are designed to take advantage of individuals who have been given ... Continue reading "SEC Warns BP Payout Recipients to Watch Out for Investment Fraud" »
There has been a lot of talk recently regarding the new "whistleblower" provisions included in this summer's Dodd-Frank Wall Street Reform and Consumer Protection Act. Basically, Section ... Continue reading "What the Financial Reform Bill's Whistleblower Program Means for You" »
The Securities and Exchange Commission (SEC) has charged three men in an alleged investment scheme involving approximately 450 investors. The announcement came September 21, 2010, when the SEC filed ... Continue reading "Three Bay Area Men Have Been Charged in Fraud Case" »
Retirees and other investors seeking safe, stable returns typically invest in bonds. A bond is essentially a loan from an investor to a company or government in exchange for a promise of repayment ... Continue reading "Investors Seeking Safe Income from Bonds Lose Out on Structured Notes" »
On Sept. 27, a FINRA arbitration panel declared Lincoln Financial liable for $4.43 million in damages and interest to approximately 24 former clients, according to an Oct. 5 InvestmentNews article. ... Continue reading "Lincoln Financial Fined by FINRA for Former Broker's "Selling Away" Scheme" »
The New Hampshire Secretary of State has announced that hearings will begin next week to investigate the state’s potentially largest Ponzi scheme. According to reports, on Tuesday, October 5, ... Continue reading "Investment Scam Could Be New Hampshire's Biggest Ponzi Scheme" »

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