In February of 2015, our securities fraud lawyers began investigating claims
against former LPL Financial broker Charles Caleb Fackrell. We
wrote a blog at that time discussing allegations against him claiming that he was allegedly selling
sham investments to his customers.
Now, Fackrell has been charged with running a Ponzi scheme. According to court records, Fackrell has already reached a plea bargain
with the prosecutors in the case.
According to federal prosecutors, Fackrell allegedly misled at least 20
individuals to invest approximately $1.4 million in various phony investments
that he was touting. Prosecutors say that Fackrell used most of the money
provided by investors for his own personal use.
Last year, Fackrell signed a Letter of Acceptance, Waiver & Consent
with FINRA, consenting to findings that he concealed documents from FINRA
during an investigation into alleged misconduct. As a result, Fackrell
was permanently barred from associating with any FINRA member firm.
If you invested money with former LPL Financial broker Charles Caleb Fackrell,
call our firm today. Our securities fraud attorneys can discuss your rights in a
free consultation. We may be able to help you recover your losses.