Advisors Sued In $100 Million Retirement Scheme

Published by Financial Advisor Magazine August 23, 2018 By Karen Demasters A New Orleans law firm has filed five suits—with the promise of more to come—in an attempt to get money back for investors, many of them retired, who say they were swindled in a $100 million scheme orchestrated by an ex-con who has now… Read more »


NATIONAL WAVE OF FIVE LAWSUITS FILED AGAINST “MIDDLEMEN” WHO LINED UP VICTIMS IN $100 MILLION PREDATORY RETIREMENT INVESTMENT SCHEME  Peiffer Wolf Carr & Kane (PWCK) Seeks Recovery for Swindled Investors From Insurance Agents, Investment Advisors and Brokers in Los Angeles Area, Houston, Chicago Area, Northern Florida, and Philadelphia/New Jersey.  LOS ANGELES, CA. – August 23,… Read more »

$100M Pension Scheme Nets Thousands Of Victims, Lawyer Says

Published by Financial Advisor Magazine August 10, 2018 530 a.m. ET By Karen Demasters Benjamin and Milea Sarap refinanced their home in Sunbury, Ohio, to invest more than $130,000 in a pension program that was supposed to give them monthly payments during their retirement, according to a lawsuit filed in Ohio. This suit is one… Read more »

Swindled Mass. Investors Blame Canadian Portfolio Managers

Swindled Mass. Investors Blame Canadian Portfolio Managers By: Alison Noon Originally Published on Law360 Law360, Boston (February 16, 2018, 7:35 PM EST) — An attorney for 16 wealthy investors conned by an admitted securities fraudster and his sham hedge fund asked a Massachusetts federal judge on Friday to let them continue to pursue claims against Canadian portfolio managers who… 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 »

Ray Davis & Behavioral Recognition Systems, Inc. (BRS) — Alleged Fraudulent Scheme Involving Material Misrepresentations

Ray C. Davis and Behavioral Recognition Systems, Inc., or BRS, Allegedly Solicited over $28 Million from Investors in Seven Equity Offerings between January 2013 and July 2015 Ray Davis and Behavioral Recognition Systems, Inc., or BRS, allegedly solicited over $28 million from investors in seven equity offerings between January 2013 and July 2015, according to… Read more »

Craig Lewis — Alleged Undisclosed Business Activity

Craig Edward Lewis May Have Allegedly Engaged in Undisclosed Outside Business Activity by Making Sales of Equity Indexed Annuities through a Third-party Life Insurance Firm to Many Customers of His Member Firm Craig Lewis, a former Valic broker, allegedly engaged in undisclosed outside business activity by making sales of equity indexed annuities via a third-party… Read more »