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.
Christopher Dinelli, a 34-year-old former naval officer, and Jacob Frankel, 32, raised more than $8.7 million from 35 investors through their firm Beyond Alpha Ventures while falsely telling them its funds held pre-IPO shares of
Owen Meyer, founder and CEO of Meyer Global Management LLC, raised at least $18.5 million from nearly 100 investors through private funds pitched as vehicles for SpaceX and OpenAI shares. On September 30, 2026, the
The Securities and Exchange Commission charged Ernest Ossei Boateng on September 10 with running a $16 million Ponzi scheme through two New Jersey companies. The complaint says more than 200 investors were harmed, including retirees,
The Securities and Exchange Commission charged four entities on September 29 with running two online investment scams that took more than $15 million from roughly 2,000 retail investors. The complaints, filed in the U.S. District
Andrew Spaventa ran what the SEC calls a boiler room that collected $74 million from more than 800 investors through pre-IPO funds. On August 14, 2026, the agency charged Spaventa and three entities he controlled,
SEC Charges Andrew Spaventa in $74 Million Pre-IPO Boiler Room Targeting 800 Investors Read More »
Kristopher A. Lunsford of Dacula, Georgia promised hundreds of investors steady weekly income from freight trucks. On September 24, 2026, the SEC filed settled charges against Lunsford, AKL Transport LLC, and Southern Truck Leasing LLC,
SEC Charges Kristopher Lunsford in $127 Million AKL Transport Truck-Leasing Ponzi Scheme Read More »
Manhattan federal prosecutors unsealed charges September 2 against William Sarris, the 75-year-old founder of the collapsed pre-IPO investment platform Linqto, accusing him of a $450 million scheme that drew money from more than 13,000 investors.
Austin podcast host Mike Ayala has agreed to pay more than $9.7 million to settle Securities and Exchange Commission fraud charges over an investment fund that promised fixed annualized returns of 12 to 14 percent,
SEC Settlement: Austin Podcaster Mike Ayala to Pay $9.7 Million Over Wavemark Fund Fraud Read More »
FINRA has ordered American Portfolios Financial Services, Inc. to pay $1,232,939 in restitution, plus interest, to 295 customers. The regulator also fined the firm $400,000 for failing to supervise representatives who repeatedly recommended selling unit
FINRA orders American Portfolios to pay $1.6 million over UIT supervision failures Read More »
The SEC has charged South Florida resident Michael D. Williams and his company, CMI Capital, LLC, with running an alleged investment scheme that raised approximately $860,000 from at least 18 investors. Many of those investors
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