Claus Foerster—Ponzi Scheme

Claus Foerster, a Former Spartanburg Financial Adviser, Allegedly Stole from Clients as Part of a $3 Million Ponzi Scheme Claus C. Foerster, 55, of Spartanburg, allegedly defrauded clients of about $3 million while employed as a financial adviser at Morgan Keegan & Co. and Raymond James Financial Inc. in Greenville, according to a five-count indictment handed down in… Read more »

Claus C. Foerster Expelled from Securities Industry After Allegedly Converting $3 Million from Customers

Rochester stockbroker fraud attorney

Claus C. Foerster, formerly associated with Raymond James & Associates, Inc., is barred from the securities industry by the Financial Industry Regulatory Authority (“FINRA”) after claims that he converted approximately $3 million from 13 customers. The Peiffer Rosca securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter. Foerster began soliciting his securities… Read more »