Buffalo’s Raymond T. Clark Allegedly Engaged in Excessive and Unauthorized Trading Re: Customers’ Accounts

Cleveland stockbroker fraud attorney

Raymond T. Clark, of Buffalo, NY and formerly of Dynasty Capital Partners, allegedly engaged in both excessive trading and unauthorized trading of his customers’ accounts, according to a Complaint from the FINRA Department of Enforcement. In addition, Raymond T. Clark reportedly also used an unauthorized e-mail address while communicating with customers, the FINRA Department of… Read more »

Punta Gorda’s Own Anthony Michael Defeo Sentenced for Alleged Investor Fraud

Anthony Michael Defeo, 49, and of sunny Punta Gorda, has been sentenced to nine years and two months in federal prison by U.S. District Judge John E. Steele for alleged wire fraud, according to the Middle District of Florida bureau of the U.S. Attorney’s  Office. The Court also reportedly also ordered Defeo to forfeit $5,736,680.00,… Read more »

Former LPL Rep Jon L. Cox Under Investigation for Alleged Unauthorized Outside Business Activity and Loans

Cleveland stockbroker fraud lawyer

Jon L. Cox, of Knoxville, Tennessee and formerly of LPL Financial, was terminated on January 22, 2014 for “violation of firm policy regarding outside business activities,” according to a recent Complaint from FINRA’s Department of Enforcement. Cox, first registered with LPL Financial in May of 2011, allegedly may have engaged in unauthorized outside business activities,… Read more »

Michael Evangelista Allegedly Recommended ABC Corp Sans Authorization, Reportedly Netting $3 Million in Sales, $50K in Commissions

New Orleans investment fraud attorney

Between 2006 and 2011 Michael Evangelista allegedly referred approximately six of his firm customers to a third party, and said customers later invested in real estate securities issued by matter-of-factly named ABC Corp. (ABC), an entity that purportedly invested in real estate in Pennsylvania and neighboring states, according to a FINRA Letter of Acceptance, Waiver… Read more »

Timothy Stephen Dembski Allegedly Implemented Fraudulent Means to Induce Investors to Invest in Prestige Wealth Management Fund

Between March 1, 2012 and September 1, 2012, Timothy Stephen Dembski fraudulently induced two retail customers to invest in the Prestige Wealth Management Fund, LP (PWMF), allegedly, and Walter Francis Grenda Jr. also allegedly fraudulently induced three retail customers to invest in PWMF, the FINRA Department of Enforcement alleges. During the aforementioned time period Dembski… Read more »

Thomas Edmund Connors Allegedly Sold Insurance Products from Providers Not Authorized by Prime Capital Services

From October 2011 through approximately May of 2012, Thomas Edmund Connors allegedly charged a $399 fee to 47 separate Prime Capital Services (PCS) customers who opened accounts through him with PCS’ affiliated investment advisor, according to a Complaint filed by FINRA’s Department of Enforcement. Connors also reportedly generated revenues of approximately $18,000 from his alleged… Read more »

Manhattan’s Charles A. Bennett Charged with Conducting Ponzi Scheme, SEC Alleges

investment fraud attorney Cleveland

On December 12 the SEC charged Manhattan-based attorney Charles A. Bennett with running an alleged Ponzi scheme that defrauded some of his legal clients including family members and friends, according to recent SEC documents. The story unfolds: Charles A. Bennett raised approximately $5 million by selling purported investments in a rosy picture of funds he… Read more »

Alleged Eden Prairie Scammer, Sean Meadows, Admits Plundering $10M from Clients, Leaves Court Under Armed Guard; Peiffer Wolf Investment Fraud Attorneys Investigating

New York investor rights attorneys

Sean Meadows, 41, of Eden Prairie, Minnesota pleaded guilty on December 10 in federal court in St. Paul to alleged mail fraud, wire fraud, and money laundering, the coup de grâce in an alleged lengthy scheme reportedly perpetuated through his financial planning and asset management firm, Meadows Financial Group (MFG), according to reports from Minnesota…. Read more »

Nontraded REIT Industry Rocked by Reports that REIT Czar Nicholas Schorsch Allegedly Had Hand in $23 Million Accounting Error at ARCP

ohio stockbroker fraud attorneys

Do you believe that you have lost money as a result of an investment with Nicholas Schorsch or one of his nontraded REITs? The Peiffer Wolf investor rights lawyers are actively investigating the Nicholas Schorsch nontraded REITs on behalf of investors, following media reports about allegations of misconduct. The more investors look at the Nicholas… Read more »

Levi Lindemann Reportedly Swindled Elderly Clients in Alleged $1 Million Ponzi Racket

ohio stockbroker fraud attorneys

The Peiffer Wolf investment recovery lawyers are currently in the midst of investigating Levi Lindemann, 38, and of West Lakeland, Minnesota, and preparing to assist victims with the recovery of any funds. Lindemann reportedly solicited six elderly Wisconsin investors in an alleged $1M Ponzi Scam, according to SEC documents currently being pored over by attorneys… Read more »