Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in July, 2011

Daren Palmer, an Idaho man allegedly responsible for a $78 million Ponzi scheme, has agreed to plead guilty to charges of wire fraud and money laundering. His investment scheme reeled in family, ... Continue reading "Idaho Ponzi Scheme Shows Dark Side of Man who Preyed on Family and Church Members" »
Christian Radio Host Patrick "Pat" Kiley of "Follow the Money" has been indicted for his alleged role in a multi-million dollar Ponzi scheme orchestrated by Trevor Cook. The U.S. ... Continue reading "Christian Radio Host Pat Kiley Indicted on Charges of Investment Fraud" »
A Delaware woman was allegedly bilked out of $73,000 by a Mount Laurel man who claimed to be a partner in WeCube LLC, which sells energy-efficient refrigeration units. She apparently initially met the ... Continue reading "New Jersey Investment Scheme Results in Big Losses for 62-year-old Delaware Woman" »
Earlier this week, Julius Everett Johnson was sentenced to eight years and one month in prison for the operation of a "complex" Ponzi scheme that defrauded more than 150 investors in ... Continue reading "Richmond Man Gets 8 Years for Ponzi Scheme" »
Kevin Ray Asbury, formerly of Howard County, pleaded guilty to wire fraud, money laundering, and bank fraud in federal court for his involvement in a cattle investment scheme that allegedly took $8 ... Continue reading "Missouri Cattle Investment Scheme Milks Investors for $8 Million" »
Paul Burkemper, who organized St. Louis-based IP Holding LLC, has been barred from serving as an investment advisor and must pay a fine of $100,000 after his involvement with a vodka investment scam. ... Continue reading "Vodka Investment Scam in Missouri Results in Hefty Fine for Barred Investment Advisor" »
Tales of investment fraud continue to dominate the headlines. To protect yourself from becoming a victim of the next scheme, watch out for these warning signs. That "golden opportunity" may ... Continue reading "Top Ten Warning Signs of Investment Fraud" »
The Securities & Exchange Commission (SEC) accused JPMorgan Chase & Co.'s Wall Street division of securities fraud for selling mortgage-backed securities that were doomed to fail. JP ... Continue reading "JP Morgan Pays $153.6 Million after Accusations of Securities Fraud" »
Timothy Broadous, formerly of Tulsa, has been convicted of wire fraud for his involvement in a Ponzi scheme that took more than $2.4 million from investors. He is sentenced to four years in prison and ... Continue reading "Ponzi Scheme Takes $2.4 Million from Investors Nationwide" »
Authorities in West Virginia have recently released a warning for consumers to be aware of certain scams. In the current economic environment, the state is seeing a huge jump in the incidence of fraud ... Continue reading "West Virginia Investment Fraud on the Rise" »
Michigan investment adviser Dante DeMiro has been sentenced to 10 years in prison and ordered to pay nearly $13 million in restitution for the operation of a Ponzi scheme that defrauded a Michigan ... Continue reading "Michigan Ponzi Schemer Dante DeMiro Receives 10 Year Sentence for Investment Fraud" »
In a federal criminal indictment, Edward Allen and David Olson, both of Florida, were charged with close to 30 counts of wire fraud and conspiracy for an alleged Ponzi scheme that spanned several ... Continue reading "Two Florida Men Indicted for Ohio Ponzi Scheme that Devastated Investors" »
Ross Mandell, although he strongly denies it, has been accused of an investment scam that took $140 million from investors. Mandell is the former CEO of Sky Capital, and self-proclaims that he is ... Continue reading ""Bad Boy of Wall Street" Accused of $140 Million Investment Fraud" »
In a report released late last month, the Insured Retirement Institute (IRI) announced that seven out of ten investors surveyed admitted they seldom or never read the prospectuses that accompany ... Continue reading "Seven Out of Ten Investors Admit They Seldom or Never Read Variable Annuities Prospectuses" »
Eighteen years after Michael Joseph Krzyzaniak pled guilty to operating an investment scheme for which he served 72 months in federal prison, he was back in court entering yet another plea. Last ... Continue reading "Convicted Fraudster Pleads Guilty to Yet Another Investment Scam" »
Broker-dealer Raymond James has agreed to buy back $300 million in auction-rate securities and to pay a $1.7 million fine as part of a settlement with the SEC and eight states: Florida, Texas, ... Continue reading "Raymond James Agrees to Buy Back $300M Worth of Auction-Rate Securities" »

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