We cover latest news on investor lawsuits, investigations and investment fraud. Unfortunately, investment fraud is very common, especially with seniors. We report on several different kinds of security fraud that includes Ponzi-Schemes, Bad Accounting and Improper Sales Practices.
A FINRA (Financial Industry Regulatory Authority) case was filed in March 2021 by a customer of Comerica Securities, where William “Eddy” Torriente, Jr. was employed at the time, claiming that he was in violation of …
In August 2021, 80-year-old William Neil “Doc” Gallagher pleaded guilty in connection with a Ponzi scheme that defrauded victims to the extent of $32 million. He has been awarded three life sentences and an additional …
Gallagher Financial Group (GLG) Ponzi Scheme Took Advantage of Churchgoers Read More »
Filing a false tax return and a conspiracy to commit mail fraud; John Piccarreto, 38, of Rochester, has pled guilty to these charges and been handed a prison sentence of 84 months in addition to …
Lucian Development Ponzi Scheme: Prison Sentence & Millions Ordered in Restitution Read More »
Raymond James Financial Services has been slapped with a Financial Industry Regulatory Authority (FINRA) arbitration claim for losses incurred in investments in products of Northstar Financial Services (Bermuda). Former Raymond James broker Sarah Komischke, also …
Audrey Strauss (U.S. Attorney in the Southern District of New York) announced today that Brent Borland, principal and owner of a New York-based fund called the Belize Infrastructure Fund I LLC (“Belize Fund”) has been …
Brent Borland, Belize Fund, Sentenced to Seven Years For Fraud Read More »
The Securities and Exchange Commission (SEC) filed suit on John Woods, a Georgian resident, who is accused of orchestrating a $110 Million fraud. The SEC has filed additional court documents to freeze Southport assets since the lawsuit was …
Investors File Lawsuits in Southport Capital Ponzi Scam Read More »
Violation of instructions of issuers, as well as their own internal policies regarding the allocation of municipal bonds, has invited sanctions from The Securities Exchange Commission (SEC) for RBC Capital Markets as well as their …
RBC Capital And Two Senior Execs Charged With Muni Violations Read More »
The financial misadventures of billionaire Greg Lindberg, currently serving seven years for wire fraud and bribery-related charges, are probably well known. Most recently, and most prominently, the Lindberg controlled Bankers insurance Group had acquired Northstar …
Investor Class Representatives To Be Appointed in Northstar and Old Mutual Liquidation Read More »
A customer dispute has been filed against Joseph Paul Todaro; an SW Financial registered representative. The case holds Todaro responsible for investment losses due to excessive trading and failure to follow instructions and poor services …
Worden Capital Management Advisor Joseph Todaro Charged For Excessive Trading Read More »
A tip to the Securities Helpline for Seniors run by the Financial Industry Regulatory Authority (FINRA) led to an investigation into the activities of World Choice Securities financial advisor Thomas Ward Stratton (CRD#: 1646899). Stratton’s refusal to …
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