Paul White Facing up to 20 Years in NY State Prison for Allegedly Running Intricate investment Scheme, Cheating Clients out of Retirement Funds

stockbroker fraud attorneyThe Peiffer Rosca Wolf investment fraud attorneys are currently investigating Paul White, 56, and of Huntington, New York, who allegedly conned investors by promising federal tax benefits in commercial real estate transactions, according to the Suffolk County District Attorney’s Office.

Paul White was convicted of grand larceny and fraud, and faces up to 20 years in state prison after a jury recently convicted him of running an elaborate investment scheme that cheated his clients out of their retirement funds, and flimflammed investors by promising federal tax benefits in commercial real estate transactions, according to reports from the Suffolk County District Attorney’s Office currently being reviewed by attorneys Joe Peiffer and Alan Rosca.

White Weaved Tax Advantage “Web of Lies”

Starting in 2008, Suffolk DA Thomas Spota claims, Paul White swindled millions from the seven victims in the indictment. Spota goes on to detail how White failed to invest his clients’ money in land transactions, but rather claimed to have federal tax advantages for those who trusted their money with him.

White, meanwhile, reportedly financed a luxurious lifestyle, including the purchase of a farm in North Carolina that he used for hunting.

According to Suffolk County DA court documents currently being perused by attorneys Joe Peiffer and Alan Rosca, District Attorney Spota said that investigative auditors and Economic Crime Bureau Assistant District Attorney Thalia Stavrides went through many trials and tribulations to untangle “White’s web of lies.”

Investment Recovery Lawyers Investigating

The Peiffer Rosca Wolf investment recovery attorneys often represent investors who lose money as a result of investment misconduct. They are currently investigating Paul White, and the possibility of assisting any investors with the recovery of any losses they may have suffered. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Any Investors who believe they lost money as a result of alleged misinformation regarding Paul White’s alleged elaborate investment scheme may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.

Broker: Paul White

Status: INVESTIGATED by Peiffer Rosca.

For brokercheck report and additional info click here!

Alan Rosca (1247 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.

In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.