Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in September, 2011

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Earlier this month, the SEC filed a civil injunction action against Jody Dunn, a 43-year-old deaf man from Texas, for misrepresentation, misappropriation, and the fraudulent, unregistered offer and ... Continue reading "SEC Charges Solicitor in Investment Scheme Targeting Deaf Community" »
Last Friday, two Charlotte men, Mitchell Brian Huffman and Robert S. Moss, pled guilty to commodities fraud in connection with two separate Ponzi schemes that promised investors huge profits through ... Continue reading "Two Men Admit to Two Separate Ponzi Schemes on Same Day in Charlotte Court" »
A Buffalo area man has been sentenced to 13 years in prison for an alleged Ponzi scheme that cheated approximately 90 investors out of about $6 million. According to the U.S. Attorney's Office, ... Continue reading "Western New York Man Sentenced to 13 Years for Alleged Multimillion Dollar Ponzi Scheme" »
The Florida Office of Financial Regulation has released a list of some of the top investment scams affecting residents of Central and South Florida. Franklin Widman, who is Director of Securities for ... Continue reading "Florida Securities Fraud Still Going Strong, Officials Say" »
Although the former officer has not yet been named, Dennis Desender, a former consultant with Bixby Energy, has alleged that the officer was running a $60 million securities fraud scam. Desender pled ... Continue reading "Former Officer Implicated by Consultant in Bixby Securities Fraud" »
The former chief financial officer of Beazer Homes USA, Inc. will return the money he made in stocks and bonuses during the time that Beazer Homes USA was allegedly committing accounting fraud. James ... Continue reading "Beazer Homes USA Executive to Pay Back Bonuses after Company Misconduct" »
Retirement Planning and Investing? Spot Retirement Scams Before They Happen FINRA and the SEC recently released a joint fact sheet to help Americans spot retirement scams, including early retirement ... Continue reading "4 Smart Tips for Spotting Retirement Scams" »
The US Securities & Exchange Commission (SEC) has barred Gregory Loles, 52, from the securities industry. This comes after Loles pleaded guilty in July of this year to mail fraud, wire fraud, ... Continue reading "Broker Barred after Pleading Guilty to Securities Fraud" »
In a convoluted New York securities fraud case involving the Credit Suisse Group, Eric Butler has finally been sentenced to 5 years in prison. Butler had originally been convicted of securities fraud ... Continue reading "New York Securities Fraud Nets Man a Fine and 5 Years in Prison" »
According to an emergency court order sought by an attorney for the US Securities & Exchange Commission (SEC), Stanley Kowalewski was found to have been holding estate sales to sell off interior ... Continue reading "Man in Alleged NC Securities Fraud Caught Holding Estate Sales after Asset Freeze" »
Roy Fluker, of Highland Park, has been sentenced in an alleged far-reaching investment fraud scheme that took $10.7 million from investors. Fluker's son and daughter were also allegedly involved ... Continue reading "Massive Investment Fraud Targets African-American Investors" »
Kenneth Marsh had already accepted a plea deal before his September 14th sentence hearing, but now apparently wants to withdraw the plea, claiming multiple personality disorder. The judge in the case ... Continue reading "Staten Island Stock Fraud Perpetrated by Multiple Personalities?" »
FINRA may soon release a rule proposal that would potentially shorten the grace period for untraded REIT valuations. As reported in a Sept. 20 InvestmentNews article, REITs currently have an 18-month ... Continue reading "FINRA Considering Rule Proposal to Shorten Valuation Time Frame for Nontraded REITs" »
Alan James Watson, of Clinton Township, Michigan, pled guilty on Thursday to one count of mail fraud in connection to an investment scam that defrauded 750 investors out of $40 million. The victims ... Continue reading "Clinton Township Man Pleads Guilty to $40M Investment Scam" »
The country's current economic climate continues to breed investment frauds and scams at astounding rates. But, not every investment adviser or broker is a crook, and not every opportunity is a ... Continue reading "Five Tips to Help Scam-Proof Your Portfolio" »
A former Walnut Creek, California financial adviser for the United Bank of Switzerland Financial Services, Inc. received a 65-month prison sentence last Thursday for stealing $5.4 million from his ... Continue reading "Former UBS Adviser Sentenced to More Than 5 Years in Prison for $5.4M Fraud" »
" Social networking in the Internet age allows people to connect to one another more quickly and easily than ever before. Investment promoters increasingly are logging on to find investors... and ... Continue reading "NASAA Warns Investors to Watch Out for Online Investment Scams on Social Network Sites" »
The Ohio Department of Commerce has recently released their 2011 list of popular Ohio investment scams, and warns investors to be on the lookout. As the years of this poor economy stretch on, many ... Continue reading "Ohio Investment Fraud: The Most Popular Scams of 2011" »
Lawrence Heim, of Tigard, has been indicted on 13 counts of mail fraud and wire fraud after accusations that he took 1.7 million from defrauded investors. According to the indictment, Heim was the ... Continue reading "Portland Gold and Silver Investment Scheme Results in Fraud Charges" »
Luis Fernandez, of Folsom, has been sentenced to almost five years in prison in connection with an alleged affinity fraud and investment fraud scheme that targeted investors native to the Dominican ... Continue reading "Folsom Man Sentenced for Alleged Ponzi Scheme" »
Seniors are a prime target of con artists, which makes Florida - home to a large percentage of older Americans - a gold mine for fraudsters. Economic woes, including the foreclosure crisis, stock ... Continue reading "Desperate Floridians Easy Prey for Scammers and Con Artists" »
William Warren Baker has been sentenced after accusations that he ran a $600,000 Ponzi scheme. The alleged scam was discovered when Baker's mother disappeared; as the search was underway for her, ... Continue reading "Laguna Niguel Man Sentenced after Affinity Fraud and Ponzi Scheme" »
The SEC barred Gregory P. Loles, of Easton, Connecticut, from the securities industry on Tuesday for acting as an unregistered investment adviser and defrauding numerous investors (including officials ... Continue reading "Gregory Loles Barred From Securities Industry for Swindling Investors Out of $8.7M" »
Complicated, high-risk products have seen a surge in popularity over the last few years. Investors - wary of the stock market and anxious for returns - have been funneling more and more money into ... Continue reading "Investors Beware: High Yield Equals High Risk" »
Clarion Partners Americas LLC and American Realty Capital have recently begun pitching a "new breed" of non-traded real estate investment trusts (REITs), which supposedly addresses the ... Continue reading ""New Breed" of REITs Remains Flawed Despite Changes in Liquidity and Valuation" »
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