SEC charges Bellbrook man with ‘rob Peter to pay Paul’ scheme

Published by Dayton Daily News By Thomas Gnau Updated Oct 02, 2018 — A former Dayton investment advisor misappropriated more than $1.6 million from clients — many who were elderly — for the past 14 years, the U.S. Securities and Exchange Commission said in a complaint. The SEC termed the actions of John Gregory Schmidt a… Read more »

Former Dayton area broker ordered to pay $1.1M; faces criminal charges

Published by Springfield News-Sun By Thomas Gnau Updated Feb 25, 2019 — DAYTON — A U.S. District Court judge has ordered a former Dayton-area financial broker to pay more than $1.1 million in a civil case brought against him by the U.S. Securities and Exchange Commission. The SEC sued John Gregory Schmidt, 67, of Bellbrook in… Read more »

Former port commission vice president accused of stealing $1 million

Published by By Dan Copp Posted Jan 31, 2019 at 9:35 PMUpdated Jan 31, 2019 at 9:35 PM — A local businessman and former vice president of the Greater Lafourche Port Commission was arrested today after stealing nearly $1 million from his clients, authorities said. Kristian “Kris” Gaudet, 45, of Cut Off, is charged with two counts of felony theft, the Lafourhce Parish Sheriff’s Office said…. Read more »

Has your broker or advisor landed on the ‘bad guy’ list?

Published by CNBC By Sarah O’Brien Published 9:59 AM ET Thu, 21 Feb 2019 — Each year, an estimated 50 percent of people are victims of financial foul play, and 16.5 percent say it’s in the form of investment fraud. Not all cases that come before regulators involve large amounts, and sanctioned brokers can reappear at… Read more »

Finra Arbitrators Let Thousands of Brokers Purge Infraction Records

Published by The Wall Street Journal By Jean Eaglesham and Coulter Jones Nov. 17, 2018 8:00 a.m. ET — Brokers with scrubbed records are more likely to generate complaints, two academics found Thousands of brokers have scrubbed their records clean of complaints by customers and employers, allowing them to hide information from potential investors, according to a new… Read more »

Frank Mazzola and Felix Investments, LLC — Alleged Sales of Securities by an Unregistered Representative

Frank Mazzola Headed up Saddle River Advisors, an Entity which Allegedly Raised over $53 million from Investors in Pre-IPO Tech Firms; Mazzola Allegedly Sold Securities in an Unregistered Capacity Frank Mazzola, of Upper Saddle River, N.J, has been charged with alleged participation in the sale of securities while being unregistered, according to an SEC Reports… Read more »

Renwick Haddow & Bar Works — Alleged Ponzi Scheme

JPMorgan Chase & Co. & JPMorgan Chase Bank, N.A. Allegedly Aided and Abetted Renwick Haddow and His Purportedly Fraudulent Ponzi Scheme; 27 Chinese Investors Suing JPMorgan for a Total of $3,050,000 in Damages and Requesting the Bank Provide Them with Data Related to Bar Works & Renwick Haddow JPMorgan Chase & Co. and JPMorgan Chase… Read more »

BitConnect — Alleged Ponzi Scheme

BitConnect Lending and Exchange Operations Shut Down after Allegedly Being Confirmed as a a Pyramid Scheme BitConnect was widely seen as a rather controversial investment and many allegedly speculated that it was a fraud or a Ponzi scheme. Recently, said speculation was verified when BitConnect’s lending and exchange operations were shut down and a temporary… Read more »

Terrance Taylor— Alleged Investment Fraud

Terrance F. Taylor, Former Executive VP of Savtira Corp. Allegedly Participated in a $5.3 Million Investment Fraud that Purportedly Made Exaggerations of the Company’s Supposed Value, Reportedly Putting it between $450 and $540 Million Despite Meager Earnings Terrance Taylor, who was executive vice president of Savtira Corp., a now-defunct e- commerce company, allegedly participated in a $5.3M investment fraud… Read more »

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