Phillip A. Kenner—Wire Fraud and Money Laundering Conspiracy

Phillip A. Kenner Allegedly Engaged in Wire Fraud and Money Laundering, Targeting Former Hockey Players and Putting $20 Million into Real Estate Phillip A. Kenner, of Scottsdale, Arizona, allegedly engaged in counts of wire fraud, wire fraud conspiracy and money laundering conspiracy, in an alleged multimillion dollar fraud scheme that purportedly targeted several current and former… Read more »

CBS News Exposes Hollywood Movie Investment Scam

CBS News has uncovered an investment scam by allegedly fake Hollywood producers using telemarketers. The “producers” told investors they could more than double their money and would produce a movie with well-known Hollywood stars, according to CBS.  In reality, no real plans to make the movie existed, according to the CBS News reporters that went… Read more »

Michael Mendenhall Accused of Investment Fraud

Colorado investment professional Michael Mendenhall has been accused of recruiting investors to a fraudulent investment program organized by its Chadbourn Partners LLC. Chadbourn allegedly sought investments from unsophisticated and elderly Colorado investors but failed to disclose to them material information regarding their investments according to a statement released by the Colorado Securities Commission. Chadbourn Partners… Read more »

Edward Van Der Molen Charged With Racketeering, Security Fraud and Theft

Edward Van Der Molen has been charged with racketeering, securities fraud, and theft in connection with allegedly fraudulent investments contracts he sold to investors.   Van Der Molen sold investment contracts, which he called either “net lease agreements” or “lease-back agreements,” in connection with investment properties at the Three Bears Resort in Warrens Wisconsin and… Read more »

Vasquez Global Investments and Edwin Vasquez Ordered to Stop Selling Securities

Vasquez Global Investments, LLC or VGI and Edwin A. Vasquez were ordered to stop engaging in the sale of securities, investments, or the business thereof and the like unless the securities are duly registered and unless they, including the entities under their control, are duly registered as securities dealers, as stated in a Cease and… Read more »

Gold and Diamond Ponzi Scheme: Charles Huggins, Christopher Butchko, and Anne Thomas Charged with Fraud

Charles Huggins, Christopher Butchko, and Anne Thomas were charged with fraud and conspiracy by the federal prosecutors. Huggins and Butchko were charged with committing wire fraud, and Thomas with money-laundering. The FBI is currently moving for their arrest. The three defendants were charged with causing investors to invest their savings in a purported gold and… Read more »

Jesse C. Litvak Indicted for Defrauding Investment Fund

Jesse C. Litvak, a former investment professional and managing director at Jefferies & Co. Inc., has been accused of investment fraud. Litvak allegedly lied to his institutional customers about the prices of bond he sold them, increasing his profits . Litvak was a registered broker-dealer and managing director in Jefferies & Co.’s Stamford branch. He… Read more »

Christopher F. Venti Charged with Investment Fraud

Christopher F. Venti of Hamburg, New York was charged with perpetrating a $7.1 million “high-yield” investment fraud program. Venti allegedly operated three different companies: Secured Strategies LLC, Viewpoint Solutions Group, and American Finance Investments, to execute his alleged scheme. Venti lured investors with investments that promised a high rate of return according to the complaint… Read more »

Inland Diversified Real Estate Trust to Merge with Kite Realty Group Trust

Inland Diversified Real Estate Trust Inc. has said that it has agreed to merge with Kite Reality Group Trust, a publicly traded REIT in a $2.1 billion all-stock deal. The merger is expected to close between the second or third quarter will be based on a $6.15 a share closing price for Kite Realty Group… Read more »

Joseph Lombard of Prim Capital Corporation, Pleads Guilty to Fraud and Obstruction of Justice

Joseph Lombardo, 72, founder and managing director of Cleveland-based Prim Capital Corporation, pleaded guilty to charges of mail fraud and conspiracy to obstruct justice in the U.S. District Court in Manhattan. Lombardo and his firm were investment advisors to the National Basketball Association players’ union. The plea came after the arrest of Lombardo and Carolyn… Read more »