Craig L. Josephberg—Pump-and-Dump Scheme

Craig L. Josephberg Allegedly Ran an Intricate Pump-and-Dump Scheme Involving Shares of a Medical Education Company Craig L. Josephberg allegedly ran an intricate pump-and-dump scheme involving shares of a medical education company in Pennsylvania and two other microcap stocks, according to SEC Documents currently under review by attorneys Joe Peiffer and Jason Kane. From 2010… Read more »

Julius Franklin Kenney— Refusing to Appear for Testimony, Alleged Undisclosed Business Activity

Julius Franklin Kenney Refused to Appear for Testimony in Connection with a FINRA Investigation Relating to His Alleged Undisclosed Business Activity Julius Franklin Kenney refused to appear for testimony in connection with a FINRA investigation relating to his alleged undisclosed business activity, according to a recent FINRA Letter of Acceptance, Waiver, and Consent (AWC). The… Read more »

Craig L. Josephberg—Defrauding Company Investors, Pump-and-Dump Scheme

Craig L. Josephberg Allegedly Pocketed Millions in a Purported Pump-and- Dump Scheme Craig L. Josephberg, of New York City, allegedly took in millions from investors while running an intricate pump-and-dump scheme involving shares of a medical education company, CodeSmart, and two other microcap stocks, according to recent SEC Documents currently under review by attorneys Joe… Read more »

James Michael Ham—Refusal to Appear for Testimony, Allegedly Engaging in Undisclosed Outside Business Activities

James Michael Ham Allegedly Refused to Appear for Testimony Regarding an Investigation into a Customer Deposit of Approximately $170,000 James Michael Ham allegedly refused to appear for testimony regarding an investigation into a customer deposit of approximately $170,000, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC). FINRA also notes that it… Read more »

Ronald Seth Cohen—Outside Business Activities with No Prior Notice

Ronald Seth Cohen Allegedly Engaged in Three Outside Business Activities Without Prior Notice to Morgan Stanley Ronald Seth Cohen, from September 2011 through 2014, allegedly took part in three outside business activities without providing the proper prior notice to his member firm, Morgan Stanley, according to a recent FINRA Letter of Acceptance, Waiver and Consent… 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 »

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 »