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Charles O. Couch and his company, Couch Oil & Gas, Inc., fraudulently raised approximately $9.8 million from more than 200 investors in two unregistered offerings of securities relating to the production of oil and gas, according to a complaint filed by the Securities and Exchange Commission (“SEC”). The Peiffer Rosca securities practice attorneys Jason Kane… Read more »
Orville Lee Elrick was fined and suspended from the securities industry by the Financial Industry Regulatory Authority (“FINRA”) in connection with allegations that Elrick purchased stocks on a customer’s behalf without having permission to do so and that he impersonated two customers in phone calls to make IRA exchanges on their behalf. The Peiffer Rosca… Read more »
Robert E. Lee, Jr., a broker and financial advisor formerly associated with Rockwell Global Capital, LLC, defrauded a number of investors via a Ponzi scheme, according to a criminal complaint filed in federal court. Lee, who lives in Oxford, Connecticut, defrauded individuals by claiming that he was investing their money in a number of different… Read more »
Dunya Predovan, of Manahawkin, New Jersey, was sentenced to five years in prison and ordered to repay investors $750,350 in restitution after she pled guilty to a charge of theft by deception. Predovan orchestrated a Ponzi scheme and gained the attention of investors by informing them that she worked for George Soros in the 1980s… Read more »
Paul Souder, of Harrisonburg, Virginia pled guilty to fraud charges in connection with the issuance of promissory notes that occurred between June 2007 and October 2013. Souder obtained money from at least 18 investors through the issuance of promissory notes. Sounder informed investors that he would utilize his personal trading strategy to invest the borrowed… Read more »
Professional Investment Management (“PIM”) and its president, Douglas Cowgill, are accused of committing fraud by the Securities and Exchange Commission. (“SEC”). The SEC conducted an examination of PIM to verify the existence of client assets and discovered a shortfall in a money market fund account managed by PIM, according to the complaint filed by the… Read more »
Robert J. Vitale and Realty Acquisitions & Trust, Inc. (“RATI”) made numerous materially false and misleading statements in connection with four real estate securities offerings of Realty Acquisitions & Trust, Inc., according to a complaint filed by the Securities and Exchange Commission (“SEC”). The Peiffer Rosca law firm’s securities practice attorneys are investigating the matter…. Read more »
Stephen S. Lard recommended and sold unsuitable investments, according to a complaint filed by the Financial Industry Regulatory Authority’s (“FINRA”) Department of Enforcement. Lard recommended and sold various private-placement securities, all of which were speculative, high risk, and illiquid, according to the complaint. Lard’s actions resulted in a concentrated position for each investor of approximately… Read more »
Nekekim Corporation and its CEO, Kenneth Carlton, induced hundreds of investors to invest over $16 million in a fruitless gold mining venture, according a complaint filed by the Securities and Exchange Commission. Nekekim and Carlton defrauded investors by making representations that a special “complex ore” found at Nekekim’s mine site in Nevada contained gold deposits… Read more »
Matthew D. Sample defrauded investors by diverting investor funds for his personal use and making payments to other investors, according to a complaint filed by the Securities and Exchange Commission (SEC). Securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter. Sample was a hedge fund manager who fraudulently raised almost $1 million… Read more »