Michael James Blake Suspended for Concealing Private Securities Transactions

Michael James Blake, a licensed investment professional, was suspended by FINRA after being charged by the regulators with selling interests to customers without approval from his broker-dealer, providing false information to his employer, and failing to disclose outside business activities. Blake engaged in private securities transaction involving investment amounting to $3.2 million without prior notice and… Read more »

Brian Matt Borakowski and George Alexander Kardaras Sanctioned for Ponzi Scheme

Brian Matt Borakowski and George Alexander Kardaras, both financial professionals in Scottsdale, Arizona were barred from associating with any FINRA member in any capacity. The Arizona Corporation Commission already ordered Borakowski and Kardaras to pay restitution to the customers who purchased the promissory notes. Because of that, FINRA no longer asked for restitution for said customers. FINRA also did not ask… Read more »

Michael Anthony Barina Sanctioned by Securities Regulators

Michael Anthony Barina, a Longwood, Florida stockbroker, was fined $12,500 and suspended from associating with any FINRA member in any capacity for three months as a result of investment-related misconduct alleged by FINRA. Barina did not deny, or admit, FINRA’s findings of fact. He consented to the regulator’s sanctions and the entry of findings that he… Read more »

Eddy Marin, Kenneth Saluk, Andrew Waldman, and Others Arrested for Operating Boiler Room Scam

Eddy Marin, Davie Saluk, Andrew Waldman, and eleven others were accused of operating a boiler room and selling bogus stocks to some 130 investors in the United States and Canada. Their total take reached millions of dollars in just four months, according to law enforcement officials. Eight of the accused have already been arrested: Eddy Marin, Kenneth Saluk, Andrew Waldman, Peter Lanciault, Chirstopher Fardella, Farrell… Read more »

Statesville, North Carolina Businessman Charged with Fraud

Daniel Harold Williford, a Statesville, North Carolina businessman, has been charged with perpetrating a $44 million fraudulent investment scheme that defrauded over 200 victims in North Carolina and elsewhere. Court documents reviewed by securities attorneys Jason Kane and Joe Peiffer allege that Daniel Williford told his victims he operated a number of telecommunications and IT… Read more »

Georgia Investment Professional Accused of Misappropriating Investor Funds

James Arnold Busch, a Georgia investment professional, was accused of misappropriating $1.3 million from approximately eight investors, most of whom were elderly women. Busch was permanently barred from the securities industry for his alleged violations.  He agreed to the sanctions and did not deny the regulators’ findings, while also declining to admit them. Regulatory documents reviewed… Read more »

Thomas Franklin Tarbutton Extradited and Arraigned for $3 Million Ponzi Scam

Thomas Franklin Tarbutton, the 54-year-old former operator of Villa Capital Inc. who fled the country in 2011 has been extradited from Panama back to Orange County to face 29 counts of felony charges, including grand theft and forgery. Tarbutton, through his Villa Capital Inc. business, told investors that their money would be used to provide loans to people seeking… Read more »

Kevin Brown Imprisoned for 3 Years for $1.6 Million Ponzi Scheme

Kevin Brown, the 40-year old owner of Invision Investments, pleaded guilty to four counts of wire fraud and was sentenced to 3 years in federal prison for operating a Ponzi-style investment scheme. Brown misrepresented to existing and potential investors that their investment would be used to buy and rehabilitate real estate properties and that profit from the turnover… Read more »

Stephen Colangelo Jr. Admits Guilt in $2.7 Million Fraud Scheme

Stephen Colangelo Jr., a hedge fund manager, pleaded guilty to two counts of securities fraud and two counts of wire fraud at the U.S. District Court in Manhattan. Colangelo initially created and controlled a hedge fund called the Brickell Fund L.L.C. under which he misrepresented himself as an investment manager seeking to manage the investment of interested parties for… Read more »

Christopher Orlando Fined, Suspended for Sales of Diversified Lending Group Notes

California investment professional Christopher Orlando has been suspended and fined by the securities industry regulators for his sales of notes issued by Diversified Lending Group, a California fraudulent investment scheme. The securities lawyers at the Peiffer Wolf law firm have been in touch with Orlando investors and have been retained to seek compensation for Diversified Lending Group (DLG) losses.  They have… Read more »