Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in September, 2010

The Securities and Exchange Commission (SEC) has barred a Tennessee financial advisor from the securities industry for his alleged involvement in a Ponzi scheme that took in approximately $5.5 ... Continue reading "SEC Bars Financial Advisor over Alleged Ponzi Scheme" »
The Financial Industry Regulatory Authority (FINRA) announced today that it plans to file a rule proposal to expand and make permanent its Public Arbitrator Pilot Program. The rule proposal, which ... Continue reading "FINRA Proposes Rule Change to Allow Investors the Option of All-Public" »
Ohio-based investment advisor, Enrique F. Villalba, Jr., was sentenced to jail today by a federal judge in Cleveland. Mr. Villalba solicited investors in several states through his investment advisory ... Continue reading "Villalba Sentenced to Jail Today; Law Firm Continues Investigation" »
An investor has been accused of operating a Ponzi scheme worth approximately $100 million. The investment scam involved more than 350 unsuspecting investors. Michael S. Goldberg has pleaded guilty to ... Continue reading "Man Admits Guilt in Ponzi Scheme Worth $100 Million" »
A Florida businessman has pleaded guilty to investor fraud involving nearly $880 million. Nevin Shapiro, 41, of Miami Beach, FL, admitted in federal court on Wednesday, September 15, 2010, of running ... Continue reading "Florida Business Man Admits to Investor Fraud Involving $880 Million" »
The FBI is investigating an investment broker, who handles the Mona Shores school district’s funds, for investment fraud. According to the complaint, Dante DeMiro, of Michigan, is being accused ... Continue reading "FBI Investigates Investment Broker at School" »
Joseph Blimline, 35, of Dallas, has pleaded guilty for his connection to an investment scheme involving over $485 million. The investment scam included as many as 7,700 investors from around the ... Continue reading "Dallas Man Pleads Guilty in Multi-Million Dollar Investment Scheme" »
Steve W. Salutric was barred from the securities industry by an administrative proceeding Order on September 10, 2010, for allegedly stealing $1.8 million from at least 17 investors over the past ... Continue reading "Illinois Investment Advisor Barred From Industry For Stealing From Clients" »
Last week, a criminal Complaint was filed against Dante DeMiro for his role in an alleged Ponzi scheme, which the FBI says defrauded both the Mona Shores Public Schools system and Comstock Township ... Continue reading "Michigan Advisor Accused of Defrauding School System and Township in Ponzi Scheme" »
The Securities and Exchange Commission (SEC) is attempting to link a Colorado financial advisor to multiple Ponzi schemes. Neal Greenberg, a financial advisor and head of the Agile Group in Boulder, ... Continue reading "SEC Trying to Link Colorado Financial Advisor to Ponzi Schemes" »
Randell E. Morrison of Fort Wayne has been charged with seven counts of securities fraud and one count of corrupt business influence for his alleged role in cheating investors out of $800,000 between ... Continue reading "Fort Wayne Broker Charged with 7 Counts of Securities Fraud" »
A St. Peters, Missouri man faces federal charges for his alleged involvement in a multi-million dollar investment scheme. Federal authorities have charged 62-year-old Randall Lynn Stuckey with mail ... Continue reading "St. Peters Man Charged in Investment Fraud" »
The Indiana Investment Watch is running an online advertising campaign to educate investors on how to spot and avoid online investment fraud. The campaign is built around four fictional companies. The ... Continue reading "Indiana Investment Watch Launches Investor Protection Campaign" »
The Securities Investor Protection Corp. (the SIPC) is considering a much needed overhaul to its 1970s rules, according to a September 12 Los Angeles Times article. The revamp comes on the heels of ... Continue reading "SIPC Considers Overhaul to Rules to Protect Individual Investors" »
Brian Anderson, a former registered representative with PrimeVest Financial Services, was sentenced last week to 68 months in federal prison and ordered to pay $1.1 million in restitution, according ... Continue reading "Former PrimeVest Representative Ordered to Pay $1.1 Million in Restitution" »
A new, hour-long public television documentary entitled Tricks of the Trade: Outsmarting Investment Fraud focuses on teaching investors how to avoid investment fraud. According to an article by The ... Continue reading "Tricks of the Trade: Outsmarting Investment Fraud Now Airing Nationwide" »
A man and a woman were indicted on September 23, 2010, for their alleged involvement in an investment scam involving $30 million. The pair has been accused of misusing $12 million of $30 million they ... Continue reading "Investment Scheme Involving $30 Million Leads to Indictment of Two" »
News broke this week when Ohio investment advisor, Enrique F. Villalba, was sentenced to eight years in prison. His investment scheme involved 27 investors and $30.4 million. You can read more about ... Continue reading "The Enrique F. Villalba, Jr. Case: Follow the Timeline" »
Enrique F. Villalba, Jr., a Beachwood investment manager who has been the center of a federal investigation, was sentenced to 8 years in prison yesterday. While this news brings some relief to the 27 ... Continue reading "Victims of Enrique Villalba Jr.'s Investment Scheme May Be Able to Recover Losses" »

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