Friday, December 30, 2016

Rienzi Edwards—Fraudulent High-yield Investment Scheme

Rochester stockbroker fraud attorneyRienzi Edwards Allegedly Orchestrated a $50 Million Fraudulent High-yield Investment Scheme Known as “Cities Upliftment Programme” (CUP) Involving both American and Global Investors

Rienzi Edwards, a Sri Lankan investor, allegedly operated a fraudulent $50 million high-yield investment scheme involving both American and global investors, according to an Indictment from the U.S. Attorney’s Office (Southern District of New York) currently under review by attorneys Alan Rosca and James Booker.

The U.S. Attorney’s Office states that Edwards allegedly promised investors “exponential returns on investments” supposedly supervised by the New York Federal Reserve and supported by the US government, said Indictment from the U.S. Attorney’s Office note.

Edwards also allegedly, the Indictment further alleges, did not have government-backed support and had no true investment plan, said Indictment reports.

Rienzi Edwards, Michael Jacobs, Ruby Handler-Jacobs, F.K. Ho, Lawrence Lester and Rachel Gendreau, from June 2013 through August of 2016, allegedly orchestrated and executed a fraudulent high-yield investment program known as the “Cities Upliftment Programme,” or CUP, said Indictment states.

The scheme was, according to the Indictment, allegedly principally designed and operated by Edwards, and was helped by Jacobs and Handler-Jacobs, and was also allegedly marketed to investors globally via brokers, including Ho, Lester, and Gendreau.

Manhattan U.S. Attorney Preet Bharara reinforces many of the main points of the Rienzi Edwards’ case: “Edwards and his co-defendants allegedly concocted and carried out an audacious scam, promising investors exponential returns on investments they claimed were overseen by the New York Federal Reserve and backed by the U.S. government.  In reality, it was all a lie; there was no government-backed program and no plan to invest, only an alleged plan to steal the investors’ money.”

The Peiffer Rosca Wolf securities lawyers are currently investigating Rienzi Edwards’ alleged high-yield investment scheme and would like to talk to investors.

Rienzi Edwards and Handler-Jacobs Are Each Looking at Charges of Conspiracy to Commit Wire Fraud and Money Laundering

Rienzi Edwards and Handler-Jacobs, 64, of Albuquerque, New Mexico are each facing charges of conspiracy to commit wire fraud, each of which carries a maximum sentence of 10 years in prison, and money laundering, each of which carries a maximum sentence of 20 years in prison, according to Documents from the U.S. Department of Justice currently being reviewed by Alan Rosca and James Booker.

What is more, Edwards and Handler-Jacobs are also facing counts of impersonating employees of the United States, said Documents report.

The trouble started when the aforementioned defendants allegedly marketed the aforementioned CUP to investors as a “highly exclusive, invitation-only, public-private investment partnership designed to raise capital and generate large returns through a purported trading program run by the New York Fed”, according to the DOJ Documents.

The aforementioned defendants also allegedly made promises to investors that the CUP would produce extremely high returns on their investments, even as much as $150 million for every $1 million invested, a tremendous profit, the DOJ Documents report.

The defendants also allegedly have made claims that half of the returns would be put into revitalization efforts of American cities trying to come back from the 2008 financial crisis, the DOJ Documents note.

What is more, the defendants allegedly told investors that their money would be returned at the rate of $1 million per day for 75 banking days and also allegedly told numerous other purported lies to victims to convince them to invest, the DOJ Documents report.

Furthermore, on multiple occasions, the defendants allegedly sent, or caused to be sent, investment contracts, guarantees, and correspondence, the DOJ Documents note.

The aforementioned Documents were printed on purported New York Fed stationary holding the names and purported signatures of New York Fed officials, including the president, certain board members, and other senior officials of the New York Fed, the DOJ Documents report.

Finally, Edwards and Handler-Jacobs allegedly pretended to be New York Fed officials at person-to-person meetings and even purportedly making phone calls with investors to persuade them to invest in the CUP, the DOJ Documents note.

The DOJ Documents go on to not that rather than holding investor funds as stated, the aforementioned defendants allegedly ran off with the cash.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged fraud schemes and are currently investigating Rienzi Edwards’ alleged fraudulent high-yield investment scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Rienzi Edwards’ alleged fraudulent high-yield investment scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Mark F. Speakman—Fraud Scheme

New Orleans stockbroker fraud attorney

Mark F. Speakman, of Grove City, Ohio, Allegedly Orchestrated a $1.1 Million Investment Fraud Scheme Involving Centrax

Mark F. Speakman, of Grove City, Ohio, allegedly orchestrated a $1.1 million investment fraud scheme, according to Documents from the Southern District of Ohio for the U.S. Attorney’s Office currently under review by attorneys Alan Rosca and James Booker.

Speakman, according to said Documents, allegedly made moves to defraud clients by engaging in acts of misappropriation.

Speakman, who was reportedly a financial advisor at Ameriprise Financial from 2000 through 2015, allegedly influenced clients to take their cash out of Ameriprise accounts and then purportedly sink the funds into an entity known as Centrax, the Justice Department Documents notes.

The U.S. Attorney’s Office further alleges that Centrax was a phony real estate investment trust in actuality.

Speakman, overall, took approximately $870,000 from seven victims of the real estate scheme and used the cash for his own personal expenses rather than investing in real estate, according to Documents from the Southern District of Ohio for the U.S. Attorney’s Office.

The Peiffer Rosca Wolf securities lawyers are currently investigating Mark F. Speakman’s alleged multi-year fraud scheme.

Mark F. Speakman Allegedly Convinced Clients and Family Members to Invest Money in Gold Coins in a Purported Attempt to Pay Back Previous Investors, a Telltale Sign of a Ponzi Scheme

Mark F. Speakman allegedly went so far as to convince other clients and even family members to invest in gold coins in order to siphon cash in a purported attempt to pay back earlier investors, according to Documents from the Southern District of Ohio for the U.S. Attorney’s Office presently being examined by attorneys Alan Rosca and James Booker.

Said documents from the Justice Department go onto outline that Speakman allegedly took in an exact total of $1,192,450 from clients in a purported attempt to further advance his scheme, said Documents note.

The IRS has also gotten involved in the case, and noted that Speakman allegedly failed to report $275,000 of income which was reportedly brought in due to fraudulent activity, according to the aforementioned documents.

Furthermore, from 2002 until 2014, the IRS alleges that Speakman left them $300,000 short, said Documents report.

Speakman has plead guilty to one count each of wire fraud, money laundering, and filing false income tax returns with the IRS, according to Documents from the Southern District of Ohio for the U.S. Attorney’s Office.

It should be noted that, the U.S. Attorney’s Office reports that wire fraud is a crime punishable by up to 20 years of imprisonment; money laundering is a crime punishable by up to 10 years in prison and filing a false income tax return is a crime punishable by up to three years of prison time.

In sum, and as part of his offered guilty plea, Speakman allegedly agreed to pay almost $1.2 million in restitution to the victims of his investment fraud scheme, according to the aforementioned Documents.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged fraud schemes and are currently investigating Mark Speakman’s alleged fraud scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Mark F. Speakman’s alleged fraud scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Patrick Carter and 808 Renewable Energy Corp.—Investment Fraud

Cleveland stockbroker fraud lawyerPatrick Carter, the founder and CEO of 808 Renewable Energy Corp., and 808 Renewable Energy Corp. Allegedly Misled Investors and Orchestrated a $30 Million Fraud Scheme

Patrick Carter, the founder and CEO of 808 Renewable Energy Corp., and 808 Renewable Energy Corp., a California-based renewable energy company, allegedly orchestrated acts of fraud against their own investors, according to recent SEC Documents currently under review by attorneys Alan Rosca and James Booker.

Other individuals named in the case include chief operating officer Peter Kirkbride, sales representatives Martin Kinchloe and Thomas Flowers, and three other firms: 808 Investments LLC, West Coast Commodities LLC, and T.A. Flowers LLC., said SEC Documents report.

The aforementioned alleged acts of fraud purportedly commenced in 2009 and went on for at least five years, the SEC notes.

The alleged fraud scheme also allegedly raised more than $30 million from hundreds of investors, the SEC Documents further allege.

The aforementioned defendants allegedly misled their own investors, and falsely reported that their funds would be implemented to bring in new equipment and to expand the operations of 808 Renewable, the SEC Documents go on to report.

Furthermore, Patrick Carter allegedly paid millions for so-called “consulting fees” by 808 Investments LLC, the SEC Documents allege.

The Peiffer Rosca Wolf securities lawyers are currently investigating Patrick Carter, the founder and CEO of 808 Renewable Energy Corp., and 808 Renewable Energy Corp.’s alleged multi-year fraud scheme.

Patrick Carter Allegedly Made a False Announcement that 808 Renewable’s Stock was Going Public, Purportedly Made Ponzi-like Payments to Investors, and Also Allegedly Siphoned Investor Funds to Fuel a Lavish Lifestyle

Patrick Carter allegedly announced back in 2013 that the New York Stock Exchange had made preliminary provisions for 808 Renewable’s stock to go public on the AMEX, according to SEC Documents presently being reviewed by attorneys Alan Rosca and James Booker.

Patrick Carter then allegedly went on to sell millions of his own shares to investors, the aforementioned SEC Documents allege.

The SEC Documents then go on to further allege that Patrick Carter siphoned millions of dollars in order to fuel his lavish lifestyle.

Patrick Carter also allegedly used client funds to pay sales representatives and to make Ponzi-like payments to investors, according to SEC Documents.

Carter, 808 Renewable, Kirkbride, Kinchloe, Flowers, 808 Investments, LLC, West Coast Commodities LLC and T.A. Flowers LLC are purportedly facing federal antifraud laws and related SEC rules, SEC Documents note.

The aforementioned defendants, as they were selling shares of 808 Renewable, allegedly made representations to investors and prospective investors that the company was engaged in the renewable and efficient energy business, according to the SEC.

The aforementioned defendants, in conjunction with efforts to raise money, allegedly circulated private placement memoranda, or so-called PPMs, according to recent SEC Documents currently under review by attorneys Alan Rosca and James Booker.

Furthermore, said defendants allegedly produced spoken statements representing that investor funds would be used to bring in new equipment, to expand 808 Renewable’s business, and for other business-related expenditures, the SEC reports.

The defendants also allegedly represented that if any commissions were paid in connection with the sale of 808 Renewable securities that they would not be more than 10% and would only be paid to registered brokers, according to SEC Documents.

In addition, according to SEC Documents, some of the defendants represented that 808 Renewable was coming up with positive cash flow that would be used to pay monthly or quarterly dividends to investors.

What is more, the SEC is also purportedly seeking disgorgement of the allegedly ill-gotten gains in addition to prejudgment interest and penalties, permanent injunctive relief, and penny-stock bars against the defendants, as well as officer and director bars against Carter and Kirkbride, according to the aforementioned SEC Documents.

The SEC Documents also note that 808 Renewable purportedly owns cogeneration equipment that produces electricity and energy on-site at customers’ facilities, and which is supposed to generate revenue from the sale of the electricity and energy produced by the company’s cogeneration systems.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged fraud schemes and are currently investigating Patrick Carter, the founder and CEO of 808 Renewable Energy Corp., and 808 Renewable Energy Corp.’s alleged multi-year fraud scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Patrick Carter, the founder and CEO of 808 Renewable Energy Corp., and 808 Renewable Energy Corp.’s alleged multi-year fraud scheme, may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Levi David Lindemann—Investment Fraud

investment fraud attorney ClevelandLevi David Lindemann Allegedly Orchestrated a $2.5 Million Investment Fraud with All the Hallmarks of a Ponzi Scheme

Levi David Lindemann, 40, and of Stillwater, Minnesota, allegedly ran a $2.5 million Ponzi scheme, according to Court Documents from Minnesota currently under review by attorneys Alan Rosca and James Booker.

Levi David Lindemann, through his business, Alternative Wealth Solutions, allegedly ran a Ponzi scheme using cash from clients to pay personal expenses such as a luxury car and to make so-called “interest payments” he purported to be returns to prior investors, said Court Documents note.

Lindemann, from 2009 and November 2014, allegedly owned and operated Gerswin Financial Inc., based in Edina, Minnesota, which operated under the name Alternative Wealth Solutions and allegedly solicitied $4.3 million from 50 investor clients from Minnesota and Wisconsin, the aforementioned Court Documents report.

Through AWS, the Court Documents allege, Lindemann purportedly provided financial planning and asset management services, and sold insurance annuities and investment products.

The Peiffer Rosca Wolf securities lawyers are investigating Levi David Lindemann’s alleged Ponzi scheme.

Former Clients Report that Levi David Lindemann Allegedly Promised to Put Their Retirement Saving in Safe, Conservative Investment Instruments, but Instead Purportedly Swindled Their Cash

Levi David Lindemann allegedly promised his clients that he would prudently invest their retirement savings in conservative investment instruments, according to Court Reports currently being examined by attorneys Alan Rosca and James Booker,

Instead, said Court Documents further allege, Lindemann allegedly stole their retirement savings.

Lindemann allegedly used AWS to solicit about $4.3 million in client funds from approximately 50 investor clients, and then used some of the cash he took in to make Ponzi-style payments to previous investors, Court Documents report.

Court filings further detail how Lindeman allegedly “encouraged his clients to surrender to him their retirement accounts” in order for him to purportedly purchase secured notes or make other legitimate investments.

Many of the clients were not wealthy white collar investors, but rather working class folk who had scrapped and saved for years to earn a decent retirement, Court Documents report.

Reports from Minnesota show that prosecutors on the case have requested a sentence of 108 months, claiming that Lindemann “abused the trust of his investment clients in order to enrich himself at their expense”, according to Court Documents.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes and are currently investigating Levi David Lindemann’s alleged Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Levi David Lindemann’s alleged Ponzi scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Wednesday, December 21, 2016

David Levy, Antonio Costanzo, Donald Bartelt—Unsuitable Trade Recommendations

Ponzi scheme attorneysDavid M. Levy, Antonio Costanzo, and Donald A. Bartelt Allegedly Made Quantitatively Unsuitable Trading and Allegedly Churned Customer Accounts

David M. Levy, Antonio Costanzo, and Donald A. Bartelt allegedly made quantitatively unsuitable trading and allegedly churned customer accounts, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

David Levy, Antonio Costanzo, and Donald Bartelt, along with Douglas Leone and Andre LaBarbera, and Newport Securities, Inc., from September 2008 through May 2013, allegedly excessively traded and churned 24 customers’ accounts, said Complaint notes.

The Peiffer Rosca Wolf securities lawyers are investigating David M. Levy, Antonio Costanzo, and Donald A. Bartelt’s alleged unsuitable trades and churning of customer accounts.

David M. Levy, Antonio Costanzo, and Donald A. Bartelt Barred and Ordered to Pay Restitution of Almost $441,000; Levy and Costanzo Also Allegedly Attempted to Obstruct FINRA’s Disciplinary process by Refusing to Cooperate with FINRA’s Investigation

David M. Levy, Antonio Costanzo, and Donald Bartelt have been barred by FINRA for allegedly recommending quantitatively unsuitable trades and churning the accounts of customers, according to a Complaint from FINRA’s Department of Enforcement presently being reviewed by attorneys Alan Rosca and James Booker.

The aforementioned behavior allegedly violated FINRA and NASD Rules, the Complaint notes.

Furthermore, David Levy, Antonio Costanzo, and Donald A. Bartelt also allegedly refused to cooperate with FINRA’s investigation and have been ordered to pay restitution of almost $411,000, said Complaint notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unsuitable trading and are currently investigating David M. Levy, Antonio Costanzo, and Donald A. Bartelt’s alleged unsuitable trading. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of David M. Levy, Antonio Costanzo, and Donald A. Bartelt’s alleged unsuitable trading may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Tuesday, December 20, 2016

Sreedhar Potarazu/VitalSpring Technologies – Investment Fraud Scheme

California stockbroker fraud attorneySreedhar Potarazu, a Maryland Eye Doctor Appointed to Serve on 2016 DNC, Allegedly Operated a $30 Million Health-Tech Investment Fraud Involving VitalSpring Technologies

Sreedhar Potarazu, 51, and an ophthalmogist from Potomac, Maryland and who was also a purported appointee to the 2016 Democratic National Committee, allegedly operated a $30 Million health-tech investment fraud, according to Documents from U.S. District Court in Alexandria, Virginia currently under review by attorneys Alan Rosca and James Booker.

Potarazu, a known cable news contributor and political donor, allegedly defrauded over 150 shareholders in a company he owned, known as VitalSpring Technologies, said Documents note.

VitalSpring Technologies, based in McLean, Virginia, allegedly allows Potarazu to conceal his tax liabilities and to provide falsehoods about the company’s financial health, according to Virginia Court Documents.

Prosecuting attorneys on the case allege that the fraud added up to $30 million, a number disputed by Potarazu’s legal representation, said Virginia Court Documents note.

The Peiffer Rosca Wolf securities lawyers are investigating Sreedhar Potarazu’s alleged investment fraud scheme.

Sreedhar Potarazu Allegedly Failed to Pay Inform Investors that he Did Not Pay More than $7 Million in Payroll Taxes

Sreedhar Potarazu, whose name has recently been floated in the DNC WikiLeaks, allegedly failed to inform investors that he did not pay more than $7 million in payroll taxes from 2007 through 2016, according to Documents from U.S. District Court in Alexandria, Virginia presently being examined by attorneys Alan Rosca and James Booker.

Court records show that one shareholder allegedly invested approximately $16 million.

Prosecuting attorneys also pointed out that Potarazu also allegedly put company funds toward personal expenditures including personal car service and publication of his book, “Get Off the Dime”, said Court Documents report.

Potarazu also allegedly admitted he deceived investors and shareholders about a supposedly imminent sale of the company that would turn a nice profit, and at one time he even allegedly had another person pretend to be the prospective buyer on a conference call, according to Court Documents.

Potarazu also has allegedly looked at civil lawsuits related to his company for years, with multiple tax liens and civil judgments filed against him, Court Documents report.

Finally, even though he had deep connections to the Democratic Party, Potarazu also made numerous donations to Republicans, according to campaign-finance records compiled by the Center for Responsive Politics.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment schemes and are currently investigating Sreedhar Potarazu’s alleged investment scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Sreedhar Potarazu’s alleged investment scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Newport Coast Securities, Leone and LaBarbera—Unsuitable Trading, Customer Account Churning

Rochester stockbroker fraud attorneyNewport Coast Securities, Douglas A. Leone and Andre V. LaBarbera Allegedly Churned Customer Accounts

Newport Coast SecuritiesDouglas A. Leone and Andre V. LaBarbera allegedly churned customer accounts, according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Newport Coast SecuritiesDouglas A. Leone and Andre V. LaBarbera also allegedly recommended unsuitable trades to customers, the Complaint notes.

The Peiffer Rosca Wolf securities lawyers are investigating Newport Coast Securities, Douglas A. Leone and Andre V. LaBarbera’s alleged churning of customer accounts.

Newport Coast Securities Allegedly Failed to Supervise Five Registered Reps, Expelled and Barred, Ordered to Pay Restitution of Almost $413,000

Newport Coast Securities allegedly failed to supervise five registered reps, according to the aforementioned FINRA Complaint presently under review by attorneys Alan Rosca and James Booker.

As a result of the aforementioned behavior, Newport Coast Securities allegedly violated FINRA and NASD Rules.

Hence, Newport Coast Securities has been expelled and barred by FINRA and ordered to pay restitution of nearly $413,000, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged customer account churning and are currently investigating Newport Coast SecuritiesDouglas A. Leone and Andre V. LaBarbera’s alleged customer account churning. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Newport Coast SecuritiesDouglas A. Leone and Andre V. LaBarbera’s alleged customer account churning may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Roger Zullo—Fraud Scheme

New Orleans stockbroker fraud attorney

Roger Zullo Allegedly Sold Expensive Variable Annuities to Health Care Workers and Retired Persons Which Brought in as Much as $1.8 Million in Commissions

Roger S. Zullo, an investment adviser with LPL Financial, allegedly sold variable annuities to medical care employees and retirees, bringing in about $1.8 million in commissions, according to a Complaint from the Massachusetts Securities Division currently under review by attorneys Alan Rosca and James Booker.

Roger Zullo purportedly sold unsuitable annuity investments to at least 11 clients, generating large payouts for himself and the brokerage firm, said Complaint notes.

In 2015 Zullo allegedly took the assets of octogenarian with failing health into a so-called “deferred” annuity that would not provide her any income for a minimum of at least two years, the Complaint further alleges.

In a bizarre report, Roger S. Zullo allegedly had a woman come to see him at a subway station near his office for an investment which supposedly cost her $1,391 in surrender fees and “deprived the client of income she relied on to pay for the basic costs of living”, the Complaint also reports.

Massachusetts Secretary of State William F. Galvin further alleges that Zullo knew that the aforementioned product would not produce immediate income and that the annuity swap would give Zullo and LPL with cash up front, while leaving the client in financial ruin.

Galvin goes on to further allege that LPL did not properly execute its supervisory duties regarding Zullo.

Furthermore, Galvin alleges that Zullo then instead was rewarded by LPL by giving him prestigious entrance into the firm’s so-called “chairman’s club”.

The club was supposed to be only for top annuity producers, and Zullo was even though there were many red flags regarding his sales tactics, the Complaint reports.

The Peiffer Rosca Wolf securities lawyers are investigating Roger S. Zullo’s alleged fraud scheme.

LPL Supervisor Allegedly Warned LPL Brass that Zullo Routinely Had Customers Switch into New Annuities in order to Produce Commissions and Sold the Same Product Quite Often

An LPL supervisor allegedly warned LPL managers in 2014 that Zullo was selling a lot of a single product, and had a pattern of switching customers into new annuities every six or seven years to generate commissions.

Galvin and the Massachusetts Securities Division are purportedly hoping to permanently bar Zullo from the securities industry in Massachusetts, the Complaint notes.

The Complaint gives more details on the case. It allegedly demands that Zullo, who allegedly told Securities Division investigators that he started pursuing clients in health care facilities as far back as 1987 through investment seminars at Boston hospitals, along with LPL has to repay clients for their losses.

It also calls on LPL to keep an independent investigator and compliance consultant to look into Zullo’s annuity sales and recommend ways to improve the firm’s supervisory process, the Complaint reports.

The Complaint further alleges that Zullo and LPL took in more than $1,825,000 in variable annuity commissions over three years.

From the aforementioned cash, approximately $1,791,000 was derived from commissions on the same product, the Polaris Platinum III (B Shares) variable annuity, the Complaint notes.

Galvin then expounded that most of Zullo’s annuity sales were allegedly from the Polaris Platinum annuities, which come along with a 7% commission.

From the aforementioned commissions, 90% allegedly was supposed to go toward Zullo and 10% for LPL, the Complaint reports.

On multiple occasions, clients allegedly were forced to pay so-called surrender charges after Zullo convinceed them to switch to the Polaris Platinum annuity, the Complaint notes.

Gavin is now seeking to revoke Zullo’s registration as an adviser in Massachusetts and permanently bar him from the securities business in the state, while seeking restitution for those who lost money, the Complaint reports.

What is more, it also asks LPL to keep an independent third-party investigator and compliance consultant to probe Zullo’s annuity sales and recommend ways to improve LPL’s supervisory review process and client complaint resolution procedures, the Complaint notes.

Finally, the Complaint alleges that Zullo‘s “greed for commissions at times led him to disregard the wellbeing of his clients.”

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of fraud schemes and are currently investigating Roger Zullo’s alleged fraud scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Roger Zullo’s alleged fraud scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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John Hudnall—Unapproved Private Securities Transaction

Cleveland stockbroker fraud lawyerJohn S. Hudnall Allegedly Engaged in an Unapproved Private Securities Transaction and Also Allegedly Organized Unapproved and Undisclosed Financial Sales Promotions to Customers

John Hudnall allegedly engaged in an unapproved private securities transaction and also allegedly organized unapproved and undisclosed financial sales promotions to customers, according to a Complaint from FINRA’a Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

John S. Hudnall also allegedly provided false information in response to FINRA information requests, said Complaint notes.

The Peiffer Rosca Wolf securities lawyers are investigating John Hudnall’s alleged unapproved private securities transaction.

John S. Hudnall Allegedly Orchestrated an Artificial Split in a Customer’s $400,000 REIT Investment in Wells Core Office Income REIT

John S. Hudnall allegedly split a customer’s $400,000 REIT investment in Wells Core Office Income REIT into two parts with one section being valued at $40,000 and the other piece for $360,000, according to the aforementioned Complaint presently under review by attorneys Alan Rosca and James Booker.

Hudnall then allegedly disclosed and submitted only the smaller part to his firm for supervisory review and approval, the Complaint notes.

Finally, Hudnall allegedly falsely denied using cashier’s checks in connection with his payment of promotional incentives to two customers, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unapproved private securities transactions and are currently investigating John S. Hudnall’s unapproved private securities transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of John S. Hudnall’s unapproved private securities transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Mark F. Speakman—Fraud Scheme

investment fraud attorney ClevelandMark F. Speakman, of Grove City, Ohio, Allegedly Orchestrated a $1.1 Million Investment Fraud Scheme Involving Centrax

Mark F. Speakman, of Grove City, Ohio, allegedly orchestrated a $1.1 million investment fraud scheme, according to Documents from the Southern District of Ohio for the U.S. Attorney’s Office currently under review by attorneys Alan Rosca and James Booker.

Speakman, according to said Documents, allegedly made moves to defraud clients by engaging in acts of misappropriation.

Speakman, who was reportedly a financial advisor at Ameriprise Financial from 2000 through 2015, allegedly influenced clients to take their cash out of Ameriprise accounts and then purportedly sink the funds into an entity known as Centrax, the Justice Department Documents notes.

The U.S. Attorney’s Office further alleges that Centrax was a phony real estate investment trust in actuality.

Speakman, overall, took approximately $870,000 from seven victims of the real estate scheme and used the cash for his own personal expenses rather than investing in real estate, according to Documents from the Southern District of Ohio for the U.S. Attorney’s Office.

The Peiffer Rosca Wolf securities lawyers are currently investigating Mark F. Speakman’s alleged multi-year fraud scheme.

Mark F. Speakman Allegedly Convinced Clients and Family Members to Invest Money in Gold Coins in a Purported Attempt to Pay Back Previous Investors, a Telltale Sign of a Ponzi Scheme

Mark F. Speakman allegedly went so far as to convince other clients and even family members to invest in gold coins in order to siphon cash in a purported attempt to pay back earlier investors, according to Documents from the Southern District of Ohio for the U.S. Attorney’s Office presently being examined by attorneys Alan Rosca and James Booker.

Said documents from the Justice Department go onto outline that Speakman allegedly took in an exact total of $1,192,450 from clients in a purported attempt to further advance his scheme, said Documents note.

The IRS has also gotten involved in the case, and noted that Speakman allegedly failed to report $275,000 of income which was reportedly brought in due to fraudulent activity, according to the aforementioned documents.

Furthermore, from 2002 until 2014, the IRS alleges that Speakman left them $300,000 short, said Documents report.

Speakman has plead guilty to one count each of wire fraud, money laundering, and filing false income tax returns with the IRS, according to Documents from the Southern District of Ohio for the U.S. Attorney’s Office.

It should be noted that, the U.S. Attorney’s Office reports that wire fraud is a crime punishable by up to 20 years of imprisonment; money laundering is a crime punishable by up to 10 years in prison and filing a false income tax return is a crime punishable by up to three years of prison time.

In sum, and as part of his offered guilty plea, Speakman allegedly agreed to pay almost $1.2 million in restitution to the victims of his investment fraud scheme, according to the aforementioned Documents.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged fraud schemes and are currently investigating Mark F. Speakman’s alleged fraud scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of investigating Mark Speakman’s alleged fraud scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Wednesday, November 30, 2016

Davis Escarcega – Material Misrepresentations

Cleveland stockbroker fraud lawyerDavis Escarcega Allegedly Made Misleading Representations in the Neighborhood of $4.1 Million

Davis Joseph Escarcega allegedly made material misrepresentations to investors totaling approximately $4.1 million, according to a FINRA Complaint from the Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Escarcega, of Phoenix, Arizona, allegedly misled investors in the selling of corporate debt securities, the aforementioned Complaint notes.

The Peiffer Rosca Wolf securities lawyers are investigating Davis Joseph Escarcega’s alleged material misrepresentations.

Davis Joseph Escarcega Allegedly Made Fraudulent Misrepresentations to Seven Customers Related to Investments in GWG Debentures; Escarcega Barred from Associating with Any Firm in Any Capacity and Disgorged $52,270

Davis Joseph Escarcega allegedly made fraudulent misrepresentations to seven customers in connection with their investments in GWG Debentures and therefore violated NASD and FINRA Rules, according to the aforementioned FINRA Complaint from the Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Based on the aforementioned violations, David Joseph Escarcega is barred from associating with any member firm in any capacity and ordered to disgorge as a fine the amount of$52,270, the Complaint reports.

GWG allegedly had a limited operating history and had never made a profit, and on 2009 and 2010, it had combined losses exceeding $5 million, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged misleading material representations and are currently investigating Davis Joseph Escarcega’s alleged material misrepresentations. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Davis Joseph Escarcega’s alleged material misrepresentations may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Aaron Olson—Ponzi Scheme

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

Aaron Olsen, of New Hampshire, Allegedly Ran a $27.8 Million Ponzi Scheme from 2007 to 2012

Aaron Olsen, of New Hampshire, allegedly operated a $27.8 million Ponzi scheme from 2007 to 2012, according to Court reports from New Hampshire currently under review by attorneys Alan Rosca and James Booker.

Aaron Olsen, 42, allegedly operated two investment practices from Jaffrey in order to get approximately $27.8 million from investors, said Reports note.

The Peiffer Rosca Wolf securities lawyers are investigating Aaron Olsen’s alleged Ponzi scheme.

Aaron Olsen Ordered to Pay $22.8 Million to Investors and Sentenced to 5 Years in Prison

Aaron Olsen has reportedly been ordered to pay over $22.8 to alleged victims of his Ponzi scheme, according to the aforementioned New Hampshire Court Reports presently under review by attorneys Alan Rosca and James Booker.

Olson allegedly took $2.6 million for his own personal use in order to purportedly make so-called “earnings” payments to other investors, said Reports note.

Olson allegedly was not a licensed investment broker, and a purported 81 victims allegedly lost cash when the alleged scheme fell apart in 2012, according to Court Reports from New Hampshire.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes and are currently investigating Aaron Olsen’s alleged Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Aaron Olsen’s alleged Ponzi scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Stephen Eubanks—Ponzi Scheme

investment fraud attorney ClevelandStephen Eubanks Allegedly Ran a $529,000 Massachusetts Ponzi Scheme Involving Friends, Family and Neighbors

Stephen S. Eubanks allegedly operated a $529,000 Ponzi scheme in Massachusetts involving his family and supposed friends and neighbors, according to a Complaint from the office of Massachusetts Secretary of the Commonwealth currently under review by attorneys Alan Rosca and James Booker.

Stephen S. Eubanks allegedly made appearances that he was a profitable hedge fund manager of Eubiquity Capital, but a Chicago Stock Exchange investigation alleges that Eubanks purportedly failed to report Eubiquity Capital.

The Peiffer Rosca Wolf securities lawyers are investigating Steve Eubanks’ alleged Ponzi scheme.

Stephen S. Eubanks Allegedly Requested that Clients Invest in Stocks, Options and Other Securities; Eubanks Allegedly Used $145,000 for Personal Expenses and $140,000 to Repay Earlier Investors, a Ponzi Scheme Red Flag

Stephen Eubanks, while posing as a successful hedge fund manager, allegedly urged investors to sink their money into stocks, options, and other assorted securities, according to the aforementioned Complaint currently being reviewed by attorneys Alan Rosca and James Booker.

Eubanks allegedly used $145,000 to support his luxurious lifestyle and put another $140,000 toward repaying previous investors.

Repaying old investors with the cash from new investors is a telltale red flag for a Ponzi scheme. Eubanks also allegedly lost all of the investors’ funds, the Complaint also notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes and are currently investigating Steve Eubanks’ alleged Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Stephen S. Eubanks’ alleged Ponzi scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Friday, November 18, 2016

Dawn Bennett—Investment Fraud Allegations

Ponzi scheme recovery attorneysBennett Allegedly Sold Approximately $6 Million Worth of Promissory and Convertible Notes of DJB Holding, Which Owns DJBennett.com, to About 30 Investors

Dawn Bennett allegedly sold about $6 million of promissory and convertible notes of DJB Holding, which owns here clothing store, DJBennett.com, according to a FINRA Complaint currently under review by attorneys Alan Rosca and James Booker.

Many of the aforementioned customers were elderly and also had allegedly done business with Western International Securities where Bennett had also worked, the Complaint notes.

The Peiffer Rosca Wolf securities lawyers are investigating Dawn Bennett’s alleged failure to investigate possible fraud.

Dawn Bennett Allegedly Did Not Testify in an Investigation of Potential Fraud Related to Her Clothing Company, DJBennett.com

Dawn Bennett allegedly failed to appear for testimony on four separate occasions between April and September following a FINRA investigation regarding alleged acts of fraud while she worked at Western International Securities, according to reports from the aforementioned FINRA Complaint currently under review by attorneys Alan Rosca and James Booker.

Dawn Bennett also allegedly misappropriated investors’ money and committed fraud, according to the Complaint.

Bennett also allegedly participated in undisclosed outside business activities and private securities transactions and purportedly resigned from Western last November, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged financial fraud and are currently investigating Dawn Bennett’s alleged refusal to investigate fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Dawn Bennett’s alleged refusal to investigate fraud may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

 



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Dominic Thomas DeBruin—Potential Private Securities Transactions

Rochester stockbroker fraud attorneyDominic Thomas DeBruin Allegedly Deposited Client Funds Purportedly Related to Potential Private Securities Transactions Undisclosed to LPL Financial LLC

Dominic Thomas DeBruin allegedly deposited client funds which were purportedly related to potential private securities transactions undisclosed to LPL Financial LLC into a bank account DeBruin purportedly controlled, according to a FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Soon afterward FINRA started an investigation into the alleged misconduct described on a Form U5 filed by LPL Financial, the AWC reports.

The Peiffer Rosca Wolf securities lawyers are investigating Dominic Thomas DeBruin’s alleged private securities transactions.

Dominic Thomas DeBruin Barred for Allegedly Refusing to Provide Information and On-the-record Testimony to FINRA

Dominic Thomas DeBruin has been barred by FINRA for allegedly refusing to provide information and documents, according to the aforementioned AWC presently under review by attorneys Alan Rosca and James Booker.

Furthermore, Dominic Thomas DeBruin allegedly failed to appear for on-the-record testimony related to the aforementioned investigation into whether he purportedly deposited client funds into a bank account DeBruin controlled, the AWC notes.

One should also note that, according to the AWC, Dominic Thomas DeBruin neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged financial fraud and are currently investigating Dominic Thomas DeBruin’s alleged private securities transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Dominic Thomas DeBruin’s alleged private securities transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Christopher Dillon — Conspiracy to Commit Wire Fraud

California stockbroker fraud attorneyChristopher Dillon Allegedly Conspired to Get Cash and Property from Investors; 27 Victims Invested over $5,000,000 in i2i Capital LLC and i2i Settlement Partners LLC and i2i Settlement Partners LLC

Christopher Dillon worked with Gilbert Lynagh to form i2i Capital LLC and allegedly eventually caused 27 investors to lose over $5,000,000, according to Reports from the State of New York currently being reviewed by attorneys Alan Rosca and James Booker.

Christopher Dillon allegedly made wire transfers from bank accounts controlled by the aforementioned investors and into the accounts of Dillon and Lynagh, said Reports claim.

Many investors allegedly lost retirement funds. The Peiffer Rosca Wolf securities lawyers are investigating Christopher Dillon’s alleged acts of wire fraud.

Christopher Dillon Allegedly Engaged in Conspiracy to Commit Wire Fraud; Pled Guilty and Now Faces 20 Years and a $250,000 Fine

Christopher Dillon, 52, of Lancaster, NY, pled guilty on November 10 to alleged conspiracy to commit wire fraud, according to Documents from the State of New York currently under review by attorneys Alan Rosca and James Booker.

Dillon, from May 2010 through November 2013, allegedly conspired with other people to get cash and property from investors in a fraudulent manner, said Documents report.  Dillon pled guilty to the alleged charges and faces 20 years in jail, said Documents note.

Finally, Dillon allegedly used most of the funds for personal use and most investors allegedly did not get the promised return on investment, the Documents report.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged wire fraud and are currently investigating Christopher Dillon’s alleged acts of wire fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Christopher Dillon’s alleged private securities transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Tuesday, November 15, 2016

Tracy Rae Turner– Private Securities Transactions

investment fraud attorney ClevelandTracy Rae Turner Allegedly Engaged in Private Securities Transactions after Purportedly Offering and Making Sales in Saltwater Disposal Well Facilities Totaling Approximately $4.1 Million

Tracy Rae Turner, from September 2013 through April 2014, allegedly took part in private securities transactions after offering and making sales of three saltwater disposal well facilities (SWD Interests), according to a recent FINRA Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

Tracy Rae Turner’s alleged private securities transactions also allegedly involved twelve investors and approximately $4.1 million, the Complaint also notes.

The Peiffer Rosca Wolf securities lawyers are investigating Tracy Rae Turner’s alleged private securities transactions. It is important to note that no allegation of misconduct is being made as to the securities’ issuers.

Turner Allegedly Received $270,000 in Compensation for Successfully Soliciting Approximately $4.1 Million in SWD Interests

The aforementioned SWD Interests were initially held by an entity named TSWR Development, LLC, with the purported intention that the interests would be sold to investors to fund the development and operation of the SWD’s, according to the aforementioned FINRA Complaint presently under review by attorneys Alan Rosca and James Booker.

As SWD Interests were sold to investors, TSWR Fund Management, LLC, an entity affiliated with TSWR Development, LLC, entered into agreements with investors to manage the investment, the Complaint notes.

Finally, the SWD Interests were organized as passive investments, they were allegedly advertised as an investment with a high rate of return, and Turner allegedly received approximately $270,000 in compensation, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged private securities transactions and are currently investigating Tracy Rae Turner’s alleged participation in private securities transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Tracy Rae Turner’s alleged participation in private securities transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Dawn Bennett—Failure to Investigate Possible Fraud

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

Dawn Bennett Allegedly Failed to Testify in an Investigation of Possible Fraud Related to Her Clothing Company, DJBennett.com

Dawn Bennett allegedly failed to provide testimony in an investigation of possible fraud related to her clothing company, DJBennett.com, according to a FINRA Complaint currently under review by attorneys Alan Rosca and James Booker.

Bennett allegedly failed to appear for said testimony on four separate occasions between April and September following a FINRA investigation regarding alleged acts of fraud while she worked at Western International Securities, the Complaint reports.

The Peiffer Rosca Wolf securities lawyers are investigating Dawn Bennett’s alleged failure to investigate possible fraud.

Dawn Bennett Allegedly Sold Approximately $6 Million Worth of Promissory and Convertible Notes to Approximately 30 Investors, Many whom Were Western Customers and Elderly

Dawn Bennett allegedly sold about $6 million of promissory and convertible notes to about 30 investors, many of whom were elderly and included Western’s customers, according to the aforementioned Complaint presently under review by attorney Alan Rosca and James Booker.

It is also possible that Bennett allegedly misappropriated investors’ money and committed fraud, the Complaint further notes.

Finally, Bennett allegedly took part in undisclosed outside business activities and private securities transactions and reports indicate that Western allowed Ms. Bennett to resign last November, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged financial fraud and are currently investigating Dawn Bennett’s alleged refusal to investigate fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Dawn Bennett’s alleged refusal to investigate fraud may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Michael Babyak, Jr. II—Private Securities Transactions

Cleveland stockbroker fraud lawyerMichael Babyak, Jr. II Allegedly Participated in Private Securities Transactions with Four LPL Customers without Prior Approval from LPL; One Transaction Allegedly Involved a $4.25 Million Debt Restructuring Loan

Michael Babyak, Jr. II allegedly took part in private securities transactions involving four LPL customers, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Michael Babyak, Jr. II, formed an LLC and allegedly had the four aforementioned customers invest a total of$4,250,000 into said LLC before purportedly having the LLC loan the $4.25 million to a third party for the alleged benefit of his customers, the AWC notes.

The Peiffer Rosca Wolf securities lawyers are investigating Michael Babyak, Jr. II’s alleged private securities transactions.

One of Michael Babyak, Jr. II’s Customers Allegedly Received a Total of $1,045,862.40 and Another Received $984,804.22; Michael Babyak, Jr. II Barred by FINRA

Two of Michael Babyak, Jr. II’s aforementioned customers allegedly received $1,045,862.40, and a total of $984,804.22, respectively, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently under review by attorneys Alan Rosca and James Booker.

Babyak again allegedly did not give notice LPL that he was participating in these additional transactions, and hence, violated NASD and FINRA Rules, and therefore has been barred by FINRA, the AWC reports.

One should also note that, according to the AWC, Michael Babyak, Jr. II neither admitted nor denied the FINRA findings

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged private securities transactions and are currently investigating Michael Babyak, Jr. II’s alleged participation in private securities transactions. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Michael Babyak, Jr. II’s alleged participation in private securities transactions may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Tuesday, November 8, 2016

Joseph A. Likens—Private Securities Transactions

California stockbroker fraud attorneyJoseph A. Likens Allegedly Engaged in Private Securities Transactions without Permission from LPL Financial

Have you invested your hard-earned cash with Joseph A. Likens, formerly of LPL Financial?

Likens allegedly engaged in the sales of private securities transactions without permission from LPL Financial, according to according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

Likens, who worked at the Des Peres, Missouri branch of LPL Financial, previously worked with Merrill Lynch and also filed for bankruptcy in 2013, according to his FINRA BrokerCheck report.

The Peiffer Rosca Wolf securities lawyers are investigating Joseph A. Likens’ alleged private transactions without permission.

Joseph A. Likens Allegedly Failed to Respond to a FINRA Investigation; Likens Barred by FINRA

Joseph A. Likens allegedly received messages from FINRA Staff on September 20th and September 25th requesting that Likens appear for on-the-record testimony pursuant to FINRA Rules, according to the aforementioned AWC currently under review by attorneys Alan Rosca and James Booker.

Likens allegedly acknowledges that he received FINRA’s request and purportedly stated that he  would not appear for on-the record testimony at any time, and hence, violated FINRA Rules and has been barred by FINRA, the AWC reports.

One should also note that, according to the AWC, Joseph A. Likens neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unauthorized transactions and are currently investigating Joseph A. Likens’ alleged private securities transactions without approval. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Joseph A. Likens’ alleged securities transactions without approval may contact the securities lawyers at the Cleveland office of Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via email at arosca@prwlegal.com (for Alan Rosca) or jbooker@prwlegal.com (for James Booker).



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Donna S. Brown—Investment Fraud

investment fraud attorney ClevelandDonna S. Brown, Owner of Budget Finance Co., a Wetzel County, West Virginia Lending Company, Allegedly Ran a $25 Million Ponzi Scheme

Donna S. Brown, the owner of Budget Finance Co., a Wetzel County, WV Lending Company, allegedly ran a $25 million Ponzi scheme, according to reports from West Virginia currently under review by attorneys Alan Rosca and James Booker.

Donna S. Brown allegedly drew in West Virginia and Ohio consumers to invest funds into Budget Finance, purportedly promising between 8 and 12 percent, according to reports from West Virginia report.

The Peiffer Rosca Wolf securities lawyers are currently investigating Donna S. Brown’s alleged Ponzi scheme and would like to talk to investors.

Donna S. Brown, Charged with Alleged Money Laundering and Mail Fraud, Allegedly Lured in at Least 25 Investors into a West Virginia Ponzi Scheme

Donna S. Brown, who ran Budget Finance Co. from a small store in New Martinsville, has been charged with money laundering, wire fraud and mail fraud, according to reports from West Virginia currently under review by attorneys Alan Rosca and James Booker.

Brown allegedly sent investors fraudulent investment statements and also mailed investors federal tax forms to investors fill out, but purportedly never forwarded the forms to the IRS, said reports detail.

Finally, Budget Finance shut its doors in November 2015 sending waves through New Martinsville, according to reports from West Virginia. Brown reportedly is reportedly looking at a maximum sentence of 20 years in federal prison and a $250,000 fine for each charge, reports claim.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes and are currently investigating Donna Brown’s $25 million Ponzi scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Donna Brown’s alleged participation in a $25 million Ponzi scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Tom Andrews—Investment Fraud

Cleveland stockbroker fraud lawyerTom Andrews Allegedly Conducted a $9 Million Investment Fraud Scheme in Utah Including Doctors, Lawyers, and a Former Police Chief

Tom Andrews allegedly conducted a $9 Million investment fraud scheme in Utah wherein he purportedly targeted doctors, lawyers, businessmen and even the former Nephi police chief, according to reports from Utah currently under review by attorneys Alan Rosca and James Booker.

Andrews often allegedly advised clients to roll their cash into other companies, but he was only purportedly putting the funds into his own personal accounts, said reports note.

The Peiffer Rosca Wolf securities lawyers are investigating Tom Andrews’ alleged investment scheme.

Over Twenty Clients Allegedly Fell Prey to Tom Andrews’ Investment Scheme; Andrews Pleads Guilty to Securities and Mail Fraud as Reports of Fraud Grow in Utah

Tom Andrews allegedly ran the same roll-over scheme with over twenty clients, according to the aforementioned reports from Utah presently being examined by attorneys Alan Rosca and James Booker.

As a result, Andrews has plead guilty to securities and mail fraud after allegedly cutting a deal with federal prosecutors which has him looking at four to five years in prison, reports from Utah notes.

Utah has seen a sharp increase in reports of fraud cases and the Utah Attorney General has even labeled it as an “epidemic”, according to reports from Utah.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Tom Andrews’ alleged participation in a $9 million investment fraud. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Tom Andrews’ alleged participation in a $9 million investment fraud may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.



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Ryan Gilbertson, Michael Reger and Dakota Plains Holdings – Stock Manipulation Scheme

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

Ryan Gilbertson and Michael Reger Allegedly Orchestrated a Stock Manipulation Scheme and Entered into an Agreement to Borrow Money under Favorable Terms which Delivered Bonus Packages to Themselves

Gilbertson and Reger allegedly hired one of their friends as CEO of Dakota Plains Holding, and also took part in lending agreements which provided favorable terms including bonus payments to Gilbertson and Reger, according to SEC documents being analyzed by attorneys Alan Rosca and James Booker.

What is more, Gilbertson allegedly took on friends and acquaintances such as Douglas Hoskins and Thomas Howells to orchestrate deep sales and purchases of Dakota Plains stock which purportedly shot the stock price from $.30 to more than $11 during a 20-day period, the SEC also reports.

As a result, the allegedly over-extended stock price caused Dakota Plains to shell out $32 million in bonus payments to Gilbertson, Reger, and others, the SEC notes.

Ryan Gilbertson Allegedly Ran an Intricate Scheme to Siphon Funds from Dakota Plains Holdings, an Oil-shipping Rail Facility in North Dakota

Ryan Gilbertson and Michael Reger allegedly took part in an intricate scheme to siphon millions of dollars from Dakota Plains Holding, a Minnesota-based energy company, according to SEC Documents currently under review by attorneys Alan Rosca and James Booker.

Gilbertson and Reger allegedly put their fathers in charge of the company as mere token executives in order to gain control of the company and issue millions of shares of company stock to friends, family, and their own persons, the SEC also reports.

The Peiffer Rosca Wolf securities lawyers are investigating Ryan Gilbertson and Michael Reger’s alleged financial scheme.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Ryan Gilbertson and Michael Reger’s alleged participation in a stock manipulation scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Ryan Gilbertson and Michael Reger’s alleged participation in a stock manipulation scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.



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Monday, November 7, 2016

Ash Narayan — Misappropriation of Client Funds, Investment Fraud

Rochester stockbroker fraud attorneyAsh Narayan, of Irvine, California Dealing with Interim Suspension Delivered by the Certified Financial Planner Board of Standards, Inc. (CFP Board)

Ash Narayan, of Irvine, California, must face the consequences of an interim suspension from the Certified Financial Planner Board of Standards, Inc. (CFP Board), according to reports from the CFP under examination from attorneys Alan Rosca and James Booker.

Things came to light on October 25th after the CFP Board caught word that Narayan was the seminal defendant in an SEC Complaint which alleges that he misappropriated funds and orchestrated an investment scam, according to the aforementioned CFP documents.

The Peiffer Rosca Wolf securities lawyers are investigating Ash Narayan, are speaking with investors, and are preparing to take action on the case.

Ash Narayan Making Appearance before CFP Board with Burden to Prove Behavior Did Not Reflect Poorly Upon Reputation of  CFP

Ash Narayan allegedly orchestrated an investment fraud wherein he persuaded several professional athletes to invest in the Ticket Reserve, according to SEC Documents under examination by attorneys Alan Rosca and James Booker.

Hence, Narayan appeared before the CFP’s Commission where he faced the burden to prove that the aforementioned conduct did not make a situation that presented clear and present hard to the reputation of the CFP marks, according to the aforementioned CFP documents.

The CFP Commission ruled that Narayan did not prove that he did not pose a visible threat to the public and that his his actions did not cause harm on the CFP marks, CFP documents note. In the end Narayan was suspended on an interim basis.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and are currently investigating Ash Narayan’s alleged participation in  a $33 million investment fraud. They are looking into the case on behalf of investors and are preparing to take action.

Investors who believe they lost money as a result of Ash Narayan’s alleged participation in  a $33 million investment fraud may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.



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via Securitieslitigatos.com

Monday, October 31, 2016

United Development Funding IV Investors Represented by Peiffer Rosca Wolf Lawyers File Arbitration Claims Against Broker-Dealers That Sold UDF Products

New Orleans stockbroker fraud attorney

New Orleans stockbroker fraud attorney

United Development Funding IV investors represented by Peiffer Rosca Wolf investor right lawyers have started filing claims against brokerage firms that sold them unsuitable UDF products. The Peiffer Rosca Wolf attorneys overseeing the securities arbitration claims filed on behalf of clients, Alan Rosca and James Booker, are working to file additional claims on behalf of many other UDF investors against brokerage firms that made inappropriate investment recommendations of such products to  their customers.

United Development Funding IV investors continue to contact the Peiffer Rosca Wolf investors rights attorneys in the wake of news that UDF received a Wells Notice from the Securities and Exchange Commission, as well as being delisted from trading on NASDAQ and listed on the OTC grey market.

The Peiffer Rosca Wolf attorneys will continue to pursue action on behalf of investors against brokers that provided inappropriate products and recommendations regarding UDF products, including UDF IV. The firm would like to hear from investors who purchased UDF products as it prepares to take further action on behalf of more UDF investors.

The investor right lawyers at Peiffer Rosca Wolf typically represent investors on a contingency fee basis, with no money down. They advance they case costs and only get paid for their fees and the case expenses if and when they recover money for their clients.

Investors who believe they lost money as a result of UDF’s alleged Ponzi scheme can contact the attorneys at Peiffer Rosca Wolf, Alan Rosca or James Booker, at 888-998-0520, or via email at arosca@prwlegal.com for a free, no obligation evaluation of their recovery options.



from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2fxg24I
via Securitieslitigatos.com