Arvin Lee Black Pleads Guilty in Ponzi Scheme

Arvin Lee Black has pleaded guilty to two federal charges as part of a plea deal for his participation in a Ponzi scheme that took in about $21 million from over 50 victims. Arvin Lee Black II, 34 years-old, is to be sentenced on May 9 before U.S. District Judge Robert Shelby. Black is facing… Read more »

Luis Alonso Serna Arrested for Fraudulent Investment Scheme Targeting Spanish-Speaking Investors

Luis Alonso Serna, a 61 year-old pastor, operated Architects of the Future Investments, a company engaged in foreign currency investment.  He was arrested on charges that he allegedly ran a Ponzi scheme that lured over 70 Spanish speaking victims into investing $4 million. Serna, was named in a superseding indictment returned on January 10 which… Read more »

Micheal B. Kratville Ordered to Pay Restitution for Ponzi Scheme

An Omaha lawyer was ordered to pay restitution and penalties for operating an alleged Ponzi scheme that tricked 130 people out of $4.7 million. Michael B. Kratville, was ordered by U.S. District Court in Omaha last week to pay restitution in the amount of $524,000 and civil penalties in the amount of $1.17 million. The lawsuit,… Read more »

Peter Liounis Convicted in Multi-million Dollar Investment Scam

Peter Liounis, a Staten Island resident, was convicted by a Brooklyn federal court jury for nine counts of fraud and could face up to 20 years for each conviction. Liounis, who has a history of scamming investors, swindled around $5 million from clients in a scheme that ran from May 2010 until April 2012, according… Read more »

Timothy Burns, ESG Investigated by Securities Attorney

Timothy Burns, an investment professional from the Philadelphia, Pennsylvania area, was charged in a multi-million allegedly fraudulent scheme that involved mail fraud, wire fraud and loan fraud. Burns owned ESG Family Services and provided bill paying and other personal services to clients. Burns also owned ESG Wealth Management, a company that provided financial management services, all according to… Read more »

Darinn Dwight Kim Charged with Conversion, Misuse of Investor Funds

Darinn Dwight Kim, a former stockbroker in Glenview, Illinois, has been sanctioned by securities regulators for allegedly transferring money from customers without their permission, forging their signatures, and misusing customer funds. Kim failed to respond to allegations levied against him by the Financial Industry Regulatory Authority (FINRA) and the Hearing Officer found Kim in default and permanently banned… Read more »

Matthew Trulli Investigated by Securities Attorneys

Matthew Trulli, a Mountain View, California stockbroker has been sanctioned by the securities regulators as a result of allegedly borrowing money from customers and making false statements to his firm concerning outside business activities. Trulli was also suspended from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity. The suspension will last for one year…. Read more »

Tim Moran Investigated by Securities Attorneys

Timothy Moran, an investment professional in Scottsdale, Arizona, is being investigated by the securities attorneys as the Peiffer Rosca law firm, following his permanent bar from the securities industry for allegedly referring his customers to an investment program that was fraudulent, and providing false information to securities industry regulators. Moran allegedly failed to respond to charges filed against… Read more »

Thomas Hampton, Hampton Capital Markets Charged with Securities Rule Violations

Thomas L. Hampton, a Scottsdale, Arizona investment professional, was found in violation of the securities and commodities laws as a result of organizing and promoting an unregistered commodity pool and soliciting $5.2 million from at least 72 members of the general public to trade commodity futures contracts, between September, 2010 and September, 2011. Hampton organized and… Read more »