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Showing posts with label Fraud. Show all posts
Showing posts with label Fraud. Show all posts
Tuesday, June 1, 2021

James Sallah as Receiver, Gets Value for Defrauded Investors

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When James Sallah of Sallah Astarita & Cox, LLC was appointed the receiver for a software company that had been raided by the FBI it had...
Wednesday, February 4, 2015

FINRA Admits Cyberattacks are Significant Threat, Continues to Push CARDS

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With FINRA continuing to push to have every brokerage firm in the country deliver trade data for every trade done in every customer acco...
Friday, November 21, 2014

Five Ways Fraudsters Trick Investors

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"People fall for fraud because fraudsters are that good with special effects. It seems that real," Michael Hendon, a representat...
Wednesday, August 13, 2014

The Biggest Stock Scams of All Time

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We reviewed Ponzi schemes last month, now a view of what  believes are the biggest stock scams of all time. They have Bernie Madoff in there...

Former MIT Dean Settles with SEC, Now Pleads Guilty to Running $500 Million Hedge Fund Scam

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Just a reminder. Defending a SEC securities fraud case is not simply about the civil charges and penalties. Most securities law violation s ...
Wednesday, August 6, 2014

PA Advisor Gets 21 Year Jail Sentence for Fraud

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A federal court has sentenced a Pennsylvania investment advisor to more than 21 years in prison for squandering millions of dollars in inves...
Thursday, May 1, 2014

Stock Promoter Charged with Fraud in Florida Real Estate Venture

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The Securities and Exchange Commission today filed fraud charges against a former Florida-based stock promoter currently serving a...
Tuesday, July 24, 2012

UBS' Track Record of Averting Prosecution Coming to an End?

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In recent years UBS has increasingly gained a reputation for being an bad firm.  The latest Libor rate scandal, which affected an untold nu...
Friday, October 7, 2011

SEC Files Action to Halt Green-Product Ponzi Scheme

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The SEC’s complaint, filed in U.S. District Court for the Southern District of New York, alleges that a convicted felon and others defrauded...
Wednesday, June 8, 2011

SEC Suspends Trading in 17 Penny Stocks

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Yesterday the SEC suspended trading in 17 microcap stocks because of questions about the adequacy and accuracy of publicly available informa...
Monday, May 30, 2011

SEC Charges in Auto Loan Provider With Promissory Note Fraud

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SEC Charges Subprime Auto Loan Lender and Executives with Fraud; 2011-92; April 13, 2011 The Securities and Exchange Commission today charg...
Monday, May 16, 2011

Investment Adviser Charged With Fraud in NY Real Estate Funds

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The SEC has charged a Monticello, N.Y.-based investment adviser with fraudulently offering and selling securities in two upstate New York re...
Thursday, May 5, 2011

More Fraud Charges Against UBS

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The hits just keep on coming.  UBS has paid huge fines for Auction Rate Securities fraud, Principal Protection Note fraud, and tax fraud, as...
Friday, March 25, 2011

SEC Charges Four In Boiler Room Operation

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We haven't heard the term "boiler room" in years, but the SEC dusted off the term this week when it announced that it had file...
Friday, March 18, 2011

SEC Charges Hedge Fund Managers with Fraud

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The SEC has charged a hedge fund investment advisory firm and its two founders with orchestrating a multi-faceted scheme to defraud clients ...
Friday, April 16, 2010

SEC Charges Goldman Sachs in CDO Fraud

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In a complaint filed in the Southern District of New York, the SEC has filed civil charges against Goldman Sachs, alleging that it structure...
Tuesday, September 8, 2009

SEC Asset Freeze in $32 Million Scheme

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The SEC announced fraud charges and obtained an order freezing assets of the defendants of an alleged investment scheme that the Commission ...

SEC Files Another Ponzi Scheme Complaint

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Ponzi schemes have become a popular topic at the SEC these days. Hardly a week goes by without the Commission announcing charges against som...
Thursday, August 20, 2009

Madoff Losses May Be Covered Under Homeowner’s Policies

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Madoff investors who believe they are without any remedy to recover their losses should look to their homeowner’s insurance to determine if ...
Monday, August 17, 2009

FINRA Admits Getting Tipped Regarding Stanford

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FINRA acknowledged today that  it received a tip from an employee in 2003 that the company was running a Ponzi scheme—but did not follow up....