Fleet Mutual Wealth, MWF Operating Pyramid Scheme, Regulators Charge

Fleet Mutual Wealth Limited and MWF Financial Limited (collectively known as Mutual Wealth) operate an emerging, fraudulent pyramid scheme masquerading as an international investment firm, according to a complaint filed by the Securities and Exchange Commission. Through its website, social media accounts, and numerous promoters, Mutual Wealth has made and continues to make numerous fraudulent… Read more »

Fri Hensley & Company, Nicholas Fry Investigated by Securities Lawyers

Fry Hensley and Company (FHC) and its president, Nicholas L. Fry, are being investigated by the Peiffer Wolf securities lawyers in following sanctions by the Securities and Exchange Commission (SEC) for allegedly failing to disclose to their clients significant conflicts of interest from which they profited at their clients’ expense. Fry Hensley and Company and Fry… 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 Jason Kane 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 »

Texas Self-Styled Day Trading Expert Charged with Fraud

Firas Hamdan, a self-styled successful day trader in Sugar Land, Texas, was accused of fraudulently raising more than $6 million from at least 33 investors in a fraudulent investment scheme.  Most of his victims are members of the Lebanese and Druze communities in and around Houston. Hamdan assured his investors that he had developed an… Read more »

Stockbroker Who Claimed to Trade Based on Moon Cycles Accused of Fraud

Gurudeo “Buddy” Persaud, a former broker from Orlando, Florida, has been charged with operating an astrology-based Ponzi scheme and fraudulently raising more than $1 million from at least 14 investors between July, 2007 and January, 2010. Persaud convinced his customers, including family and friends, to invest in White Elephant Trading Company, LLC, a company he… Read more »

Investment Advisor Accused of Defrauding Church, Others in Ponzi Scheme

A Dallas investment advisor has been accused of defrauding investors, including her own church, out of $2.3 million, in a fraudulent Ponzi scheme. Delsa U. Thomas, a former stockbroker, was charged by the Securities and Exchange Commission (“SEC”) with raising millions of dollars from investors in the United States and Canada through misrepresentations about the… Read more »