Category: Ponzi Schemes
By Courtney Werning, Esq. Raymond Erker, an investment adviser in Westlake, Ohio, was charged on September 3rd of stealing from clients in an investment scheme. According to federal prosecutors, Erker, with two of his associates, sold investments in entities called GenSource and Provident to at least 54 investors. Prosecutors alleged that he raised nearly $10… read more
Ponzi Schemes | April 9, 2020
By: Courtney Werning, Esq. A Ponzi scheme’s collapse almost always leads to a bankruptcy, receivership, or some other formal liquidation proceedings. In these proceedings, a trustee or receiver is charged with collecting as much funds as possible to pay creditors and defrauded investors. Among the methods used to recover assets are claims against investors who… read more
The US Securities and Exchange Commission (SEC) recently accused a Tampa real estate investment firm and its founder of operating a Ponzi scheme. Federal regulators have sued EquiAlt and its owner and chief executive officer, Brian Davison, alleging that they raised $170 million from approximately 1,140 investors and then misappropriated millions of those dollars to… read more
The US Securities and Exchange Commission (SEC) recently announced that they have obtained a restraining order and filed an emergency enforcement action against Today’s Growth Consultant Inc. as well as company owner, Kenneth D. Courtright III. Courtright was arrested on criminal fraud charges in addition to the securities fraud charges brought by the SEC. It… read more
Ohio investment and securities fraud attorneys at Meyer Wilson discuss the conviction of former Stark County Financial Advisor Kimm C. Hannan, who bilked $1.7 million from investors as part of a Ponzi scheme. If you’ve lost money due to fraud or misconduct, call the firm.
Ponzi Schemes | December 11, 2018
Investment fraud attorneys at Meyer Wilson take a look back at Bernie Madoff’s elaborate Ponzi scheme 10 years after his arrest. To discuss a potential case of your own, call the firm to request a consultation.
It’s been nearly a decade since the $65 billion Ponzi scheme orchestrated by Bernard Madoff, and while there was a temporary dip in the number of similar schemes in the wake of that massive theft, securities officials are reporting that scams are on the rise again.
A Virginia investment firm is charged with an alleged Ponzi scheme fraud. For help with investment fraud loss, contact the attorneys at Meyer Wilson today.
Our firm has secured more than $350 million in verdicts and settlements for our clients over the years, and we know what it takes to fight for and secure the maximum compensation possible. Don’t wait to get the legal help you need.
If you were the victim of fraud, our attorneys at Meyer Wilson are ready to help. We have successfully secured more than $350 million for our clients, and we are committed to providing you with the experienced and knowledgeable representation you deserve.