Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in May, 2011

28 results found. Viewing page 1 of 2. Go to page 1 2   Next
The SEC is probing deeper into the foreign-exchange trading activities of big "custody" banks undertaken on behalf of institutional investors, particularly public pension funds ("SEC ... Continue reading "SEC Probes Big Banks' Forex Trading Activities" »
Roger Lee Clark was sentenced to 6.5 years in federal prison on May 16th. Clark was charged with running a Ponzi scheme that took at least $9.3 million from duped investors. That figure, however, is ... Continue reading "Man Sentenced to 6.5 Years in Prison after $9.3 Million Ponzi Scheme" »
Edward Moskop, of Bellevue, faces charges of mail fraud and money laundering after an indictment on May 18, 2011. He is accused of a scheme that supposedly took $2.4 million from over two dozen ... Continue reading "Illinois Man Accused of Investment Fraud Involving War Veterans" »
Two men accused of investment fraud were convicted on May 11th after a three-week trial in Lexington. The investigation surrounding Gary Milby and Bryan Coffman was spurred on after Milby threw an ... Continue reading "Two Fraudsters Caught in Kentucky Oil Scam after Lavish Party Televised" »
FINRA Chief Executive Richard Ketchum addressed a room full of Wall Street executives this week at FINRA's annual conference. His primary message, according to Reuters, was that FINRA expects ... Continue reading "FINRA Chief Tells Wall Street: Don't Skimp on Compliance" »
Scott Ross, of Woodstock, was sentenced to six years in federal prison and must pay restitution after pleading guilty in March to one count of mail fraud. Ross was accused of using his Harbor Wealth ... Continue reading "Federal Prison Sentence for Man Involved in Chicago Investment Fraud" »
Thanh Viet "Jeremy" Cao, of Orange County, was sentenced to 30 years in prison on May 16th after convictions of mail and wire fraud. It is said to be one of the most severe punishments ever ... Continue reading "San Diego Ponzi Scam Results in 30-Year Prison Sentence" »
According to an academic study published this year, stocks held by members of the U.S. House out-earn the market by an average 6 percent annually. That's either really lucky or really unfair. In a ... Continue reading "Want Great Returns? Win a Seat in Congress." »
Recently, FINRA announced that it had indefinitely suspended Pinnacle Partners Financial Corporation, of San Antonio, Texas, and its President, Brian K. Alfaro, for failure to comply with a Temporary ... Continue reading "FINRA Suspends Pinnacle Partners and its President Over Alleged "Boiler Room"" »
As discussed here, Joshua Gould was accused by one of his customers of having stolen $700,000 from the customer's Woodbury Financial Services brokerage account during Gould's employment at the ... Continue reading "UPDATE: Investigation Against St. Louis Stockbroker Joshua Gould and Woodbury Financial Services" »
Michael T. Sigilitto, of Webster Groves, faces accusations of misleading investors from 2000 – 2007 in a Ponzi scheme to the tune of $52.5 million. Sigilitto, in a classic example of affinity ... Continue reading "Alleged $52.5 Mil Ponzi Scheme Leads to Charges for Webster Groves Man" »
Joseph LaCoste and his sister Angela McCoy face charges of federal securities fraud, mail and wire fraud, and bank fraud. Their real estate scheme is said to have taken place over a short period of ... Continue reading "Brother and Sister Face Charges in Alleged Real Estate Ponzi Scheme" »
In 2010, an elderly couple, Hurshel and Mildred Tyler of Texas, filed a claim against Raymond James that accused one of the firm's Texas branches of fraud, concealment, and unsuitable sales. ... Continue reading "FINRA Panel Rules Against Raymond James - Issues $1.5 Million Award to Investors" »
Sandra Ventis, owner of Systematic Financial Associates, pleaded guilty on April 26th to counts of securities fraud and transacting criminal property. Ventis allegedly operated Systematic Financial ... Continue reading "Branchburg Woman's Alleged Investment Scam Bilks 50 out of $7 Million" »
Last week, Michael Morawski and Frank Constant were charged in federal court with operating an alleged $16 million Ponzi scheme that defrauded more than 300 investors. The two men (of Sleepy Hollow ... Continue reading "Operators of Michael Franks LLC Charged with Running $16 Million Ponzi Scheme" »
Michael Goldberg has been sentenced to ten years in prison for a Connecticut Ponzi scheme that took $100 million from unsuspecting investors. He pleaded guilty last year to three counts of wire fraud. ... Continue reading "Connecticut Ponzi Scheme Results in Ten Year Prison Sentence" »
On Monday, FINRA announced the launch of a new public-access disciplinary actions database that is available for free on the organization's website. According to the announcement, the new FINRA ... Continue reading "FINRA Launches a New Public-Access Disciplinary Actions Database" »
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act granted the Securities and Exchange Commission new authority over various financial activities, including: hedge funds, credit-rating ... Continue reading "SEC Says: More Money Needed to Fight Investment Fraud" »
According to the LA Times, Wednesday's conviction of hedge-fund manager Raj Rajaratnam should serve as a warning to Wall Street that the citizens of the U.S. are hungry for accountability and that ... Continue reading "LA Times: Hedge-Fund Manager Raj Rajaratnam Should Be a Warning to Wall Street" »
The SEC may file a civil action against Life Partners Holdings, Inc. for allegedly misleading public shareholders and investors about the accuracy of the firm's life-expectancy estimates ... Continue reading "Life Partners Faces Potential SEC Action in Sale of Life Settlements" »
Michael and Melissa Spillan, of Gahanna, pleaded guilty to charges of conspiracy to commit mail, security, and wire fraud. In addition, Michael Spillan pleaded guilty to counts of securities fraud, ... Continue reading "Ohio Couple Pleads Guilty to Investment Fraud Charges" »
You might want to think twice before investing in a company claiming to offer a product or service linked to the crisis in Japan. The Financial Industry Regulatory Authority (FINRA) issued an alert on ... Continue reading "FINRA Warns of Investment Scams in the Wake of the Japan Tragedy" »
The SEC's long history of voicing concern over 12(b)-1 mutual fund fees while neglecting to actually do anything to revise them has continued unabated this year. In July of 2010, the SEC cited ... Continue reading "SEC Says 12(b)-1 Fees Not Forgotten as Revision Gets Pushed Back Once Again" »
On May 5, the SEC obtained an emergency order to halt an alleged securities fraud scheme that the commission said was being perpetrated by Robert C. Butler. According to a litigation release, the SEC ... Continue reading "SEC Shuts Down California Man and Alleges Day Trading Scheme Targeted Seniors" »
According to an article recently published by The Washington Post, our natural human tendencies make us susceptible to fraud, especially if the person trying to con us is able to make a good first ... Continue reading "Been Scammed? Your Human Nature May Be Partially to Blame" »
28 results found. Viewing page 1 of 2. Go to page 1 2   Next

Choose a Firm with Accolades:

  • Super Lawyers
  • Million Dollar Advocates Forum
  • Preeminent AV Peer Review Rated
  • Best Lawyers Lawyer of the Year
  • Best Lawyers Best Law Firm
  • The Best Lawyers in America
  • Avvo 10/10 Rating