Fifth Third Bank, PNC Bank, and U.S. Bank Accused of Aiding Glen Galemmo’s Queen City Alleged Ponzi Scheme

Fifth Third Bank, PNC Bank, and U.S. Bank have been sued by investors in Glen Galemmo’s alleged Ponzi scheme and accused of aiding and abetting Galemmo scheme. The Peiffer Rosca securities lawyers have been investigating the Galemmo alleged scheme on behalf of victimized investors.  Glen Galemmo, former principal of Queen City Investments, has been accused… Read more »

Matrix Capital Group Sanctioned in Connection with Variable Annuity Sales

Matrix Capital Group, Inc. and its president, Christopher Anci are being investigated by attorneys Alan Rosca and Joe Peiffer of the Peiffer Rosca law firm, which represents investors across the country who lost money as a result of investment misconduct. The investigation follows sanctions against Matrix and Anci by the securities regulators in connection with… Read more »

Michael DeRosa Barred from Securities Industry in Connection with Success Trade Note Sales

Michael Andrew DeRosa, an investment professional, has been permanently barred from the securities industry by the regulators for his alleged participation in the sale of promissory notes issued by Success Trade Securities. Michael DeRosa’s case is related to an earlier regulatory case currently pending against Success Trade Securities and its CEO, Fuad Ahmed, arising out of their alleged… Read more »

Thompson National Properties Acknowledges Cash Flow Problems, Proposes Restructuring

In a February 14, 2014 letter, Thompson National Properties (TNP) acknowledged that it “cannot support its current debt load” and proposed a plan to convert the investors’ notes in several TNP-sponsored programs into equity. The Thompson National Properties programs at issue are TNP 2008 Participating Notes, TNP 12% Notes and TNP PPP. The Peiffer Rosca securities… Read more »

Brokerage Firms Sanctioned for Non-traded REIT Sales Practices

Berthel Fisher & Company Financial Services, Inc. (Berthel Fisher) and its affiliate, Securities Management & Research, Inc. (SM&R), both headquartered in Marion, Iowa, were recently sanction by securities regulators. The Financial Industry Regulatory Authority (FINRA) fined the two entities a combined $775,000, in part, for supervisory deficiencies concerning the sale of non-traded real estate investment… Read more »

Jason Juberg and Others Plead Guilty and Act as Witnesses in the Prosecution of David McQueen

Jason Eric Juberg, a Michigan resident, pleaded guilty to charges involving the sale of unregistered securities and was sentenced to 5 years imprisonment, in connection with the allegedly fraudulent investment scheme perpetrated by David Wilson McQueen. The case against his father, Donald Juberg, will be dismissed as part of a plea bargain whereby both will testify against David McQueen, the… Read more »

Chadbourn Partners, Daniel Murphy and Henry Wiggins Investigated by Securities Lawyers

Chadbourn Partners and its operators, Daniel R. Murphy and Henry Dyer Wiggins, Jr., are being investigated by the Peiffer Rosca securities attorneys in connection with the regulatory action filed against them by the Colorado Securities Commissioner for allegedly offering and selling unregistered securities and violating the anti-fraud provisions of the Colorado Securities Act. Chadbourn, Murphy, and Wiggins raised approximately $879,000 from the… Read more »

St. Louis-Area Investment Adviser Admits Fraud

Greg John Campbell, a St. Louis-area investment professional, has admitted siphoning more than $1.8 million from his clients’ accounts. Campbell, 34, a Ladue resident, pleaded guilty last Friday in St. Louis federal court to two counts of wire fraud.  He faces 40 years in prison. Investigation by securities attorneys Alan Rosca and Joe Peiffer established… Read more »

Atlanta Financial Professional Robert Gist Charged with Fraud

Atlanta financial professional and estate planning attorney Robert Gist has agreed to settle a lawsuit that accused him of investment fraud. Regulatory documents reviewed by securities attorneys Alan Rosca and Joe Peiffer charged that, between 2003 and 2013, Robert Gist engaged in a scheme to defraud investors by promising them that he would make conservative… Read more »