22 articles tagged with "Investment Fraud"
Investment fraud costs American investors more than $10 billion annually. Here's how the major fraud types work, what investigators look for, and how to evaluate any investment before you commit.
Every Ponzi scheme ends the same way. The mechanics are well-documented, the collapse triggers are predictable, and the damage to victims, especially those who got in late, is usually catastrophic.
Con artists don't steal from you, they get you to hand it over willingly. Here's the step-by-step playbook they follow, from target selection to exit, with real case examples.
William R. Schantz III and Verto Capital Management LLC settled SEC charges for operating a Ponzi scheme, paying over $4.6 million in penalties.
Michael R. Warren pled guilty to selling non-existent insurance annuity contracts and misappropriating client funds, ordered to pay $628,107 in California.
Former broker Dennis Herula was arrested by the SEC for orchestrating a $40 million fraudulent investment scheme, with criminal charges filed in Colorado.
Amir A. Sardari and Narysa Sardari Luddy charged with $3.4M offering fraud through Energy & Environmental Investments in a Ponzi scheme targeting clean energy investors.
Thomas F. Goodman and co-defendants were found liable for $7.4M in a fraudulent securities offering involving false promises of extraordinary returns.
Jerome L. Wilson paid $300,667 to settle SEC charges in a Connecticut state pension fund investment fraud scheme orchestrated by former state Treasurer Paul J. Silvester.
James S. Eberhart fraudulently sold $2.3 million in unregistered securities through Debisys, Inc., resulting in SEC permanent injunction and $76,102 penalty.
Louis Peter Goff and co-conspirators orchestrated a fraudulent high-yield Forex trading program through Utah fund managers, resulting in $2.1M in losses.
Loretta Antrim involved in fraudulent ostrich breeding investment scheme that raised over $819,000 from investors through deceptive investment contracts.
Steven Enrico Lopez, Sr. faced securities fraud charges in the Central District of California, resulting in over $1.1 million in disgorgement and penalties.
Henry Morris's Quadrangle Group LLC paid $5M to settle SEC charges over a kickback scheme involving New York's largest pension fund through undisclosed payments.
Frederick Harris and co-defendants orchestrated a $75 million prime bank fraud scheme. The SEC obtained summary judgment, imposing permanent injunctions and penalties.
Betty Ann Rubin implicated in SEC settlement involving $763,678 disgorgement for Ponzi-like scheme operating through oil and gas limited partnerships.
Robert A. McDonald faced SEC action for role in $135 million payphone investment Ponzi scheme through Alpha Telcom, resulting in $3.8M penalty and injunction.
Michael Lauer was ordered to pay over $62 million in disgorgement plus a $500,000 civil penalty for securities fraud and disclosure fraud violations.
Lewis Allen Rivlin was found liable for securities fraud involving a fraudulent high-yield bank debenture trading program and ordered to pay over $6.5 million.
James G. Lewis, former officer of JB Oxford Holdings, settled SEC civil fraud charges for late trading and market timing schemes, resulting in $1M in penalties.
Kai H. Stinchcombe and True Link Financial Advisors settled SEC charges for $200,000 related to misuse of special needs pooled trust funds.
Lalaine Ledford was involved in a $345 million Ponzi-like scheme orchestrated by Kevin B. Merrill and others, resulting in significant penalties and restitution.