Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in April, 2011

26 results found. Viewing page 1 of 2. Go to page 1 2   Next
Two men have been accused by investors of duping them out of millions in an alleged Ponzi scheme involving an aircraft parts scam. The alleged investment scam was operated through Fort ... Continue reading "Investors Claim Millions Lost in Ponzi Scheme" »
Three Florida men have been indicted for their alleged participation in a Ponzi scheme involving approximately $3.7 billion. The three men were prosecuted in federal court on Wednesday, April 20, ... Continue reading "Three Florida Men Indicted in $3.7 Billion Ponzi Scheme" »
Two Sacramento-area men have been arrested in two similar but unrelated Ponzi schemes involving the buying and selling of real estate. Both men face five-count indictments. Garry Bradford, 62, of ... Continue reading "Two Sacramento-Area Men Arrested in Separate Ponzi Schemes" »
Tonight's "American Greed" will profile convicted Ponzi schemer Arthur Nadel in a special episode entitled "The Wizard of Sarasota." The Nadel episode will be the 49th episode ... Continue reading "Ponzi Schemer Arthur Nadel to be Profiled Tonight on CNBC's "American Greed"" »
In another promissory-note crackdown, the SEC filed charges against AIC, Inc. last week for an alleged multi-million dollar offering fraud and Ponzi scheme. Also named in the complaint were Nicholas ... Continue reading "SEC Charges AIC and President/CEO Skaltsounis with Multi-Million Dollar Offering Fraud and Ponzi-Scheme" »

Ponzi Scheme Targets Churchgoers

A South Florida woman has been accused in a $3.4 million Ponzi scheme that targeted churchgoers. Marguerite Martial Jean has been accused of using two companies to target the Haitian-American ... Continue reading "Ponzi Scheme Targets Churchgoers" »
A Framingham man has pleaded guilty for his connection with a Ponzi scheme involving nearly $15 million in losses. Richard Elkinson, 77, pleaded guilty on Wednesday, April 13, 2011, before U.S. ... Continue reading "Framingham Man Pleads Guilty in Multi-Million Ponzi Scheme" »
The SEC is currently seeking public comments regarding investor education programs in order to determine which programs (private or public) are the most effective. The request is the result of the ... Continue reading "SEC Seeks Public Comments on the Effectiveness of Investor Education Programs" »
Last week, a FINRA arbitration panel issued a $54 million award to a group of investors in a claim against Citigroup Global Markets Inc. Investors filed the claim in 2009 and alleged breach of ... Continue reading "FINRA Awards Investors $54 Million in Citigroup MAT/ASTA Case" »
Michael Joseph Krzyzaniak, of the Minneapolis - St. Paul area, has been indicted on multiple fraud charges related to an alleged $20 million investment scam ("Minnesota man charged in $20M ... Continue reading "Twin Cities Man Indicted in $20 Million Securities Fraud Case" »
Sales agent William J. Hammons, of St. George, Utah, was sentenced to one year in jail and 10 years of probation for his role in what reporters are calling "the largest case of financial fraud in ... Continue reading "Utah Businessman Sentenced in $180 Million Ponzi Scheme: State's Largest Financial Fraud Case Ever" »
Last week, 16 investors filed a lawsuit against Stephen D. Pizzuti and Merrimac Corporate Securities, Inc. that alleged gross negligence on the part of Pizzuti and Merrimac in relation to a $4.1 ... Continue reading "Investors File Claim Against Brokerage Principal for $4.1 Million in Losses" »

Two Charged in Stockbroker Fraud Bust

Two men have been charged in a stockbroker fraud bust after making over $32 million. Garrett Bauer and Matthew Kluger were charged and arrested by the FBI on Wednesday, April 6, 2011 for using stolen ... Continue reading "Two Charged in Stockbroker Fraud Bust" »
A 43-year-old woman has been linked to a Ponzi scheme involving approximately $3.65 billion. Michelle Webster Palm, 43, of Edina, pled guilty in federal court on Friday, April 8, 2011, to aiding and ... Continue reading "Edina Woman Pleads Guilty in Ponzi Scheme" »
FINRA recently fined UBS Financial Services, Inc. $2.5 million for " omissions and statements made that effectively misled some investors regarding the ‘principal protection' feature of ... Continue reading "UBS Receives Multi-Million Dollar Fine for Omissions in Sale of Structured Notes" »

FINRA Continues Reg D Crackdown

In Feb., FINRA announced that monitoring Regulation D private placements and non-traded real estate investment trusts were the top two areas of focus for the organization's enforcement department. ... Continue reading "FINRA Continues Reg D Crackdown" »
Last year, a survey released by the Investor Protection Trust indicated that at least 20 percent of Americans over the age of 65 had been the victim of financial abuse and/or financial fraud. In an ... Continue reading "Congress Works to Prevent Elder Financial Fraud" »
The FBI recently listed securities fraud as the major white collar crime in Montana ("FBI talks about crime in Montana," KPAX News, April 8, 2011). Affinity fraud, in particular, seems to be ... Continue reading "FBI: Main White Collar Crime in Montana is Securities Fraud" »
A New Jersey Ponzi scheme involving approximately $880 million results in two guilty pleas. The father and son duo entered their guilty pleas before U.S. District Judge, Susan Wigenton, in Newark, New ... Continue reading "New Jersey Ponzi Scheme Involving $880 Million Results in Two Guilty Pleas" »
Last week, the SEC finally approved FINRA's proposed changes to the arbitration discovery guide ("CORRECT: SEC Approves Finra Securities-Arbitration Discovery Proposal," Dow Jones ... Continue reading "SEC Approves Controversial FINRA Revisions to Securities Arbitration Discovery Guide" »
A Ponzi scheme involving approximately $18.7 million of investor's money has led to a lawsuit filed against the U.S. Securities and Exchange Commission (SEC). The suit was filed with the United ... Continue reading "Ponzi Scheme Leads to Suit Filed Against the SEC" »
A Utah man has been accused by the Securities and Exchange Commission (SEC) of running a Ponzi scheme involving approximately $47 million. The SEC recently filed a court order to freeze his assets as ... Continue reading "Utah Man Accused in $47 Million Ponzi Scheme" »
Investors were awarded damages (monetary damages or non-monetary relief) in over half (51 percent) of the arbitration cases decided by a FINRA panel in January and February, according to a summary ... Continue reading "Summary Shows Investors Continue to Prevail in FINRA Arbitration Decisions" »
Sean Mansfield, a West Springfield financial adviser, pled guilty this week to 17 counts of wire fraud, two counts of embezzlement, and two counts of money laundering for stealing $3 million from his ... Continue reading "Mass. Financial Adviser Pleads Guilty to Stealing $3 Million" »
Earlier this week, Amjed Mahmood pled guilty to bank fraud, mail fraud, and conspiracy to commit wire fraud in connection with a $40 million Ponzi scheme that authorities say defrauded 300 people ... Continue reading "Des Plaines Man Pleads Guilty to Defrauding Muslim Community in $40 Million Ponzi Scheme" »
26 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