$100M Pension Scam Run by Ex-Con Hit With Lawsuits

Published by Think Advisor August 24, 2018 at 11:13 AM By Melanie Waddell An “eager and complicit network” of brokers and advisors made the scam possible, said attorney Joseph Peiffer.   A series of lawsuits were filed nationwide Thursday in a bid to help swindled investors — mostly retirees — retrieve the money they invested in… Read more »

Financial Planners Pushed Pension Investment Scams, Suits Claim

Published by Bloomberg Law August 24, 2018 By Alex Ebert Attorneys for investors of defunct pension-buyout investments are suing to drag back more than $100 million in lost cash from the financial professionals who sold the plans. Peiffer Wolf Carr & Kane announced Aug. 23 five lawsuits filed across the country claiming financial advisers, brokers, and… Read more »

Financial Advisers Sued By Victims Of $100M Loan Scheme

Published by Law360 August 23, 2018, 9:02 PM EDT By Carolina Bolado Law360 (August 23, 2018, 9:02 PM EDT) — Victims of Future Income Payments LLC’s $100 million predatory lending scheme filed five lawsuits Thursday in New Jersey, Texas, Illinois, California and Florida against financial advisers and insurance agents who they say recommended they invest all… Read more »

Up to 368 brokers, advisors, and insurance agents could be implicated in lawsuits

Published by BenefitsPro August 23, 2018 at 07:00 PM By Nick Thorton Attorneys allege investment products were marketed up to March of 2018, even after FIP had been shut down in numerous states.   Five lawsuits against individuals serving as middlemen marketers have been filed across the country on behalf of investors in structured cash flow… Read more »

$100 million investment scheme targeted NE Ohioan, victims nationwide

Published by The Plain Dealer Updated Aug 23, 6:10 PM; Posted Aug 23, 4:57 PM By Teresa Dixon Murray, The Plain Dealer CLEVELAND, Ohio — A Lorain County man is among hundreds, possibly thousands, of victims of a sophisticated nationwide investment scheme, according to the law firm that filed numerous lawsuits on the matter in recent weeks. Brian Harrison… Read more »

FIP Lawsuit News Conference Audio August 23rd, 2018

 August 23, 2018 – 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, 2018 – A 72-year-old with no retirement plan. An 89-year-old Korean war veteran. A… Read more »

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

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 »