James A. Torchia— Ongoing Investment Fraud Involving Promissory Notes and Life Settlement Contracts, Ponzi Scheme

James A. Torchia Allegedly Engaged in Ongoing Investment Fraud Involving Promissory Notes and Life Settlement Contracts James A. Torchia allegedly engaged in outgoing investment fraud involving promissory notes and life settlement contracts, according to recent SEC Documents currently under review by attorneys Joe Peiffer and Jason Kane. On November 10, 2015, the SEC filed an… Read more »

United Development Funding IV — Ponzi Scheme Allegations

United Development Funding, Grapevine-based Real Estate Investment Firm, Raided by FBI, Accused of Running $1-Billion “Ponzi-like scheme” FBI Agents were recently seen carrying boxes of evidence out of the Texas offices of Grapevine-based real estate investment firm United Development Funding (UDF), following allegations against the company by Dallas hedge fund manager Kyle Bass currently under review… Read more »

Phil Donnahue Williamson—Investment Fraud, Ponzi Scheme

Phil Donnahue Williamson Allegedly Siphoned Money from His Investment Fund and Defrauded Investors, Including Several Retired Teacher and Law Enforcement Officers Phil Donnahue Williamson allegedly siphoned money from his investment fund and defrauded investors, including several retired local teachers and law enforcement officers, according to an SEC Complaint currently under review by attorneys Joe Peiffer… Read more »

William M. Apostelos and Connie M. Apostelos—Ponzi Scheme

William M. Apostelos and Connie M. Apostelos Allegedly Orchestrated a $70 Million Ponzi William M. Apostelos, 54, and Connie M. Apostelos, 50, both formerly of Springboro, Ohio, allegedly fraudulently persuaded hundreds of individuals from all over the U.S. to invest $70 million collectively, according to documents from the U.S. Attorney’s Office in the Southern District… Read more »

Robert A. Helms and Janniece S. Kaelin—Ponzi Scheme

Robert A. Helms and Janniece S. Kaelin Allegedly Operated an $18 Million Oil-and-Gas Ponzi Scheme in Texas Robert A. Helms and Janniece S. Kaelin allegedly ran an Austin-based oil-and-gas Ponzi scheme, according to Documents from the SEC currently under review by attorneys Jason Kane and Joe Peiffer. Helms and Kaelin, since 2011, purportedly targeted 80 investors in an alleged… Read more »

Kelly Schnorenberg, Craig Kahler and KJS Marketing Inc.—Ponzi Scheme

Kelly Schnorenberg, his company, KJS Marketing Inc., and Craig Kahler Allegedly Ran an $11 Million Ponzi Scheme in Colorado Kelly Schnorenberg, his company, KJS Marketing Inc., and Craig Kahler of Casper, Wyoming allegedly ran a $11 million Ponzi scheme, purportedly promising their money was funding “risk free” insurance and financial companies, according to statements from… Read more »

Heywood Chang, Toni Chen, Wendy Lee, David Guo, Kiki Lin—Alleged Ponzi Scheme

Heywood Chang, Toni Chen, Wendy Lee, David Guo, Kiki Lin Allegedly Ran a $30 Million Ponzi Scheme Targeting Chinese-American communities in LA, San Francisco and New York City Heywood Chang, 47 and Toni Chen, 46, a couple who lived in Hacienda Heights; Wendy Lee, 53, of Rowland Heights; David Guo, 53, and Kiki Lin, 50, allegedly… Read more »

Will Allen—Ponzi Scheme Charges

Ex-NFL Cornerback Will Allen Accused of Operating Ponzi scheme Will Allen, former New York Giants cornerback, allegedly helped run a Ponzi scheme that promised investors profits from loans to professional athletes. From July 2012 through February 2015, Allen and his partner allegedly used cash from some clients to fill in the gaps of a $7… Read more »

Leone Alfano Lacava Allegedly Ran $40 Million Orlando-based Ponzi Scheme that Targeted Italian Investors

Leone Alfano Lacava, Victoriya Johnson, and Rasul Atakov, and unnamed others allegedly worked under business names such as Orlando Trust Properties and Golden Investments Inc. in order to run a $40 Million Orlando-based Ponzi Scheme that involved at least 100 people, mostly Italian citizens, according to federal documents in Florida. In addition, Federal agents seized… Read more »

Frederic Elm and His Elm Tree Investment Advisors LLC Charged in Alleged $17M Ponzi Scheme

Cleveland stockbroker fraud lawyer

Frederic Elm, of Fort Lauderdale, FL, and his Elm Tree Investment Advisors LLC allegedly operated a $17M Ponzi Scheme, according to a complaint filed by the Securities and Exchange Commission currently being reviewed by attorneys Jason Kane and Joe Peiffer. The Peiffer Wolf Carr & Kane investment recovery lawyers are currently investigating Elm Tree Investment Advisors LLC,… Read more »