by admin | Jun 10, 2017 | Latest News
By Katherine Rosenberg-Douglas of the Chicago Tribune The Federal Trade Commission filed a civil suit against him in 2003. The Illinois Department of Financial and Professional Regulation suspended his loan originator registration in 2010. But it took until Mark...
by admin | May 18, 2017 | Securities Fraud
Recently a Virginia hedge fund manager pled guilty to a $9 million Ponzi scheme. The case dealt with over 50 clients who invested in the investment manager’s hedge fund where he bragged of earning returns regularly beating the S & P 500. In reality, he both...
by admin | Apr 26, 2017 | Latest News
Advisers must protect elderly from financial fraud By InvestmentNews.com The elderly are targeted by fraudsters because they often have a pile of savings and a steady stream of income. Older people are also more prone to cognitive decline, physical disability,...
by admin | Apr 13, 2017 | Latest News
Former Indiana televangelist faces charges By WLFI Staff Reports A former televangelist from Monticello, Indiana, who was convicted of conspiracy to commit mail fraud 20 years ago, faces new charges of securities fraud. Seventy-one-year-old William E. Tully is charged...
by admin | Mar 9, 2017 | Securities Fraud
Jury Awards $15 Million in Punitive Damages Against MetLife for Ponzi Scheme Involvement Last year MetLife and one of its subsidiaries were assessed $15 million in punitive damages by a jury for its failure to discover one of its agents was selling unregistered...
