Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Blog Posts in July, 2015

27 results found. Viewing page 1 of 2. Go to page 1 2   Next
A former trainer for the Seattle Supersonics admitted that he defrauded 30 people out of approximately $4 million and was sentenced last Thursday to 50 months in prison. Stephen Bruce Gordon admitted ... Continue reading "Former NBA Trainer Stephen Gordon Gets 50 Months for Fraud" »
FINRA announced a $2.4 million arbitration award against Morgan Stanley to resolve customer complaints against one of the firm’s former brokers, Steven Mark Wyatt. Numerous former customers of ... Continue reading "Morgan Stanley To Pay $2.4M Over Former Employee's Trades" »
Recently, Meyer Wilson reported that a former Merrill Lynch broker was facing several investor complaints regarding improprieties on their accounts. Today, FINRA announced that it was barring Thomas ... Continue reading "Former Merrill Lynch Broker Thomas Buck Barred by FINRA" »
Goldman Sachs will have to pay $1.8 million in fines to FINRA over various reporting failures and violations. According to FINRA, Goldman Sachs committed various supervisory failures over the course ... Continue reading "Goldman Sachs Fined $1.8M Over Various Failures" »
Xue Heu of Modesto, California was sentenced in U.S. District Court, Eastern District of California to five years and three months in prison for his role in two separate investment schemes that caused ... Continue reading "Xue Heu Sentenced for $1M Investment Fraud Schemes" »
The U.S. Attorney’s Office for the Southern District of New York announced the unsealing of federal charges against three defendants for their alleged role in a multi-million dollar stock ... Continue reading "Three Defendants Named in Alleged Multi-Million Dollar Stock Scheme" »
BestVest Investments has accepted and consented to FINRAs findings that accuse the firm of failing to establish and maintain a supervisory system to monitor ETF transactions. According to FINRA, from ... Continue reading "BestVest Investments, Ltd. Fined Over Sale of Non-Traditional ETFs" »
According to charges filed in federal court, Richard L. Thompson is accused of soliciting investment in a real estate development company that he owned, Latten Management, and using the money he ... Continue reading "Richard L. Thompson Criminally Charged in $2 million Ponzi Scheme Case" »
Claude Darrell McDougal was sentenced to 78 months in prison after pleading guilty to orchestrating a Ponzi scheme that defrauded more than 25 investors out of approximately $2.5 million. According to ... Continue reading "Claude Darrell McDougal Gets 6+ Years for Securities Fraud" »
According to the U.S. Attorney’s Office for the Northern District of Ohio, four Ohio men were indicted for their role in an alleged $7 million investment scheme. Prosecutors say the men traveled ... Continue reading "Four Ohio Men Indicted in $7M Investment Scheme" »
Kenneth Hornyak (CRD# 2990144) accepted and consented to a bar from the securities industry after he refused to appear for an interview in connection with FINRA’s investigation into potential ... Continue reading "Former Stifel, Nicolas & Company, Inc. Broker Accused of Misconduct" »
The U.S. Attorney for the Western District of Louisiana announced recently that John Steven Blount of Lake Charles, Louisiana, pleaded guilty to one count of wire fraud for his involvement in a Ponzi ... Continue reading "John Steven Blount Pleads Guilty for Role in $5.8M Ponzi Scheme" »
BMO Harris Bank said it will pay $16 million in order to settle its involvement in a lawsuit that is seeking $24 billion over allegations of a billion-dollar Ponzi scheme. According to the lawsuit, ... Continue reading "BMO Harris Offers to Settle For $16M in Connection With Minnesota Ponzi Scheme" »
Marcello Trebitsch pled guilty this week to one count of securities fraud for his role in a $6 million Ponzi scheme he ran from 2007-2014. By entering into the plea agreement, Trebitsch also agreed to ... Continue reading "Marcello Trebitsch Pleads Guilty to Defrauding Investors Out of Nearly $6M" »
Jeffrey Alan Stewart (CRD# 4178470) has been accused of converting $54,000 from his customers, impersonating a customer in order to withdraw the money, and failing to comply with FINRA when they ... Continue reading "Former Broker Jeffrey Alan Stewart Accused of Converting Customer Funds" »
Two men were convicted for their role in a multi-million investment scheme, concluding a ten-week trial in federal court. According to court records, both Phillip A. Kenner and Tommy C. Constantine ... Continue reading "Investment Scheme Targets Professional Hockey Players, Two Convicted" »
U.S. Attorney A. Lee Bentley, III announced this week that former broker Dorian Garcia pleaded guilty to wire fraud for his role in a $7 million investment scheme that targeted approximately 100 ... Continue reading "Former Broker Dorian Garcia Pleads Guilty for Role in $7M Investment Fraud" »
Julius Franklin Kenney IV (CRD# 5500248) has been accused by FINRA of participating in an investment that was outside the scope of his employment at the firm and also not approved by the firm. FINRA ... Continue reading "Meyer Wilson Investigates Misconduct Allegations Facing Former LPL Broker Julius Kenney" »
The SEC has implicated 34 defendants in a scheme involving the manipulation of microcap stock trades. According to the SEC, 15 of the defendants are individuals and 19 are entities. Out of those 19 ... Continue reading "15 People, 19 Entities Charged in Microcap Stock Schemes" »
This week, the SEC charged Luca International Group, a Bay Area oil and gas company, with defrauding investors through a $68 million Ponzi scheme. Allegedly, the company and its affiliates targeted ... Continue reading "SEC Charges Luca International Group with Operating Investment Scheme Targeting Chinese Americans" »
Clients of the former Merrill Lynch broker Roderick Yzaguirre have begun to contact Meyer Wilson to review their potential claims. On June 18, 2015, we announced that we were actively investigating ... Continue reading "Customers of Roderick Yzaguirre Contact Meyer Wilson" »
We recently wrote about a Ponzi/pyramid scheme that targeted Spanish and Portuguese speakers in Florida, Massachusetts, and elsewhere throughout the United States. The offerings were made by the ... Continue reading "Meyer Wilson Investigates Allegations Against Jeffrey Feldman in Connection With $15M Scam" »
The securities arbitration attorneys at Meyer Wilson are currently investigating Ponzi scheme accusations against former Aegis Capital Corp. broker Malcolm Segal. Meyer Wilson is currently ... Continue reading "Meyer Wilson Investigates Ponzi Scheme Allegations Against Former Broker Malcolm Segal" »
Frederick Eugene Monroe Jr. (CRD# 2457010) has been charged with first-degree money laundering, three counts of second-degree grand larceny, and scheming to defraud. According to the allegations, ... Continue reading "Senior VP of Capital Financial Planning Charged in $1M Ponzi Scheme" »
Investors should be aware that there are some scams circulating that aim to exploit the Immigrant Investor Program or “EB-5,” a program that helps foreign nationals become permanent ... Continue reading "Notice to Investors: Watch Out for Scams That Target Immigrants" »
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