Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in October, 2012

Each National Estate Planning Awareness Week, Take a Moment to Protect Your Savings and Review Your Investments One of the most important ways investors can protect their hard-earned money from ... Continue reading "Protect Your Savings, Review Your Statements Yearly: National Estate Planning Week" »
According to a recent article in The Wall Street Journal, John Mattera, of Fort Lauderdale, pleaded guilty to charges of securities fraud, wire fraud, and conspiracy in connection with a New York ... Continue reading "John Mattera Pleads Guilty to Investment Fraud in New York" »

How to Spot Affinity Fraud

How to Spot Affinity Fraud And Prevent Becoming an Investment Fraud Victim A dozen Georgia church members lose nearly $660,000 in a distressed real estate investment scheme. Three thousand Iraqis ... Continue reading "How to Spot Affinity Fraud" »
FINRA Panel Orders Merrill Lynch to Pay $1.3M Award for Selling Preferred Shares of Fannie Mae Stock Despite Warnings of Stock's Risk Last week, a FINRA arbitration panel ordered Merrill Lynch to ... Continue reading "FINRA Panel Orders Merrill Lynch to Pay $1.3M Award for Selling Fannie Mae Stock" »
Arrest Made in Alleged $20M Affinity Fraud Case that Authorities Say Targeted Ethnic Indian Fijian Community Vincent Thakur Singh, formerly of Elk Grove, California, has been arrested for allegedly ... Continue reading "Vincent Singh Arrested for $20 Million Affinity Fraud Targeting Indian Fijian Community" »
FINRA Orders David Lerner Associates to Pay $14M for Unfair Practices in Sale of Apple REIT Investors in David Lerner Associates’ Apple REIT Ten will receive approximately $12 million in ... Continue reading "David Lerner Associates to Pay $14M for Unfair Practices in Sale of Apple REIT" »
SEC Advice: Avoid Affinity Fraud with These Tips from the SEC Affinity fraud schemes – when a con artist uses a group affiliation to gain his or her victims’ trust – is one of the ... Continue reading "SEC Advice: Tips For Avoiding Affinity Fraud" »
The Deseret News recently reported that the Utah Department of Commerce and the Utah Division of Securities teamed up to release a current Top Ten List of Investor Threats. The agencies hope that the ... Continue reading "Utah Agencies Warn of Senior Investment Fraud" »
If you are concerned about investment fraud, or if you simply don’t have much investment experience, becoming more informed is one of the best steps you can take to avoid fraud. Although ... Continue reading "Six Ways to Become a More Informed Investor and Avoid Investment Fraud" »
You probably realize that, as you age, you will need help managing your finances and making financial decisions—but how do you know when it’s the right time? Although there is no set age ... Continue reading "Avoiding Senior Investment Fraud: When to Get Help With Your Finances" »
Although many cases of senior investment fraud are reported —and the number of reported cases seems to be increasing—most experts believe that many more cases go unreported. There are ... Continue reading "Why Senior Investment Fraud Often Goes Unreported" »
Fidelity Investments Pays $375,000 to Settle FINRA's Charges Involving Subprime-Backed Funds Fidelity Investments has agreed to pay $375,000 to settle FINRA’s allegations that two of the ... Continue reading "Fidelity Pays $375K to Settle Charges Involving Subprime-Backed Funds" »
As the economy continues to lag, Ponzi schemes and investment fraud are a growing problem for investors throughout the country. The U.S. Justice Department acknowledges this and has recently announced ... Continue reading "Justice Department Focuses on Investment Scam Victims in New Summits" »
Non-traded REITs Land in FINRA’s Cross Hairs Today’s economic climate, while improving over that of recent years, continues to yield returns that are lower than what many investors need or ... Continue reading "REITs Losses Attract Attention from FINRA" »
FBI Reports Unprecedented Rise in Investment Fraud Schemes The Federal Bureau of Investigation has reported an unprecedented rise in investment fraud schemes and investor losses since 2011, according ... Continue reading "FBI Reports: Investment Fraud Schemes and Investment Losses on the Rise in 2012" »
Iowa Man Pleads Guilty to Scamming Investors Out of $1.1M John Francis Holtsinger, of Ottumwa, is on his way to prison for scamming Iowa investors out of $1.1 million in an investment scheme that ... Continue reading "John Holtsinger of Ottumwa, Iowa Pleads Guiltiy to Million Dollar Ponzi Style Scam" »
Rancho Santa Fe Man and Alleged Co-Conspirator Charged with Defrauding Investors Out of More Than $90M in Resort Investment Scheme James B. Catledge, of Rancho Santa Fe, California, and Derek F.C. ... Continue reading "California and Ontario Men Bilk Investors In $90M Investment Resort Scheme" »
Joseph Leonard, of Greenville, North Carolina, was already on probation after pleading guilty to securities fraud earlier this year, but he is now facing new charges for securities fraud in U.S. ... Continue reading "Man Allegedly Violates Probation With Attempted Securities Fraud" »
Maryland Resident Pleads Guilty to Fleecing Investors in $8M Ponzi Scheme Using Bogus Oil Bonds Michael Winans, Jr., a member of Detroit’s famous gospel music family and a current resident of ... Continue reading "Michael Winans, Jr., Member of Famous Gospel Music Family, Pleads Guilty to $8M Ponzi Scheme" »
San Francisco and Chicago Hedge Fund Managers Charged with Defrauding Investors in SEC Hedge-Fund Crackdown The Securities and Exchange Commission has charged twobrokerage firms and their managers for ... Continue reading "SEC Charges California and Illinois Based Hedge Fund Managers With Investment Fraud" »
The Ponzi scheme relies on keeping up an appearance of legitimacy while luring in new investors. Prior investors are paid with the money coming in from new investors, and the scheme continues until ... Continue reading "Who Are the Victims of a Ponzi Scheme?" »
The recent allegations against stockbroker Lewis J. Hunter, formerly employed by brokerage firm H.D. Vest, bring attention to an oft-overlooked form of broker misconduct and investment fraud. Our ... Continue reading "What You Should Know About Lewis J. Hunter and "Selling Away"" »

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