Tag: lawsuit
UDF Case Reaches Federal Appeals Court
A three-judge panel of the U.S. Fifth Circuit Court of Appeals in New Orleans heard oral arguments earlier this week related to the appeal...
NexPoint Seeks Injunction Against UDF IV Execs Who Used $65 Million...
NexPoint Advisors, L.P., a Dallas-based alternative investment firm, has filed a motion for preliminary injunction against United Development Funding IV, a real estate investment...
Former LPL Broker Pleads Guilty to Fraud and Witness Tampering
James Kenneth Couture, a registered investment adviser and former LPL broker accused of stealing nearly $3 million from six clients, has pled guilty to...
SEC Charges Advisory Firm and Executives with $75 Million Fraud
The Securities and Exchange Commission has charged two North Carolina-based executives, Gregory E. Lindberg and Christopher Herwig, and their registered investment adviser, Standard Advisory...
NexPoint Sues UDF IV Advisors and Executives over “Massive Multi-Year Deception”
NexPoint Advisors L.P., a Dallas-based alternative investment firm, has filed a new complaint in a Dallas district court related to United Development Funding IV,...
SEC Obtains Judgment Against Attorney Charged with Multi-Million Dollar Offering Fraud
The United States District Court for the Eastern District of New York has entered a final judgment against Shimon Rosenfeld, a Brooklyn-based attorney who...
UDF Executives Facing 20 Years in Prison Lose Bid to Remain...
Four United Development Funding executives who were recently sentenced to a combined 20 years in federal prison for fraud have lost their bid to...
Opinion: The SEC’s Tyrannical Gag Orders
By: Publius
A gag order, as often issued by a court, occurs when a judge bars trial participants from discussing trial-related material outside of the...
Former Broker Sentenced to Six Years in Prison for Embezzling Millions...
John Sherman Jumper, a former broker, was sentenced for embezzling $5.7 million from the pension benefit plan for employees of Snowshoe Refractories, a fire...
UDF Executives Sentenced to a Combined 20 Years
Four United Development Funding executives were sentenced to a combined 20 years in federal prison for fraud, according to U.S. Attorney for the Northern...
SEC Bars Adviser Accused of Defrauding Elderly Client
The Securities and Exchange Commission has barred former Michigan-based investment adviser, Steven F. Muntin, who was charged with defrauding one of his clients out...
Investment Fund Manager Sentenced to Nine Years for $100 Million Securities...
Brenda Smith, an investment adviser who previously pled guilty to securities fraud, was sentenced to 109 months in prison and ordered to pay $47.2...
SEC Obtains Judgment Against Adviser Accused of Defrauding Elderly Client
The Securities and Exchange Commission has obtained a final judgement against former Michigan-based investment adviser, Steven F. Muntin, who was charged with defrauding one...
SEC Orders Fund Manager to Pay $12 Million to Settle Fraud...
The Securities and Exchange Commission has ordered real estate fund manager Eric Malley and his company MG Capital Management L.P. to pay more than...
SEC Charges Former LPL/Wells Fargo Broker with Stealing $680,000 from Clients
The Securities and Exchange Commission has charged Mario E. Rivero Jr., a former broker and investment adviser, with misappropriating at least $680,000 from his...
SEC Charges Siblings in $124 Million Crypto Fraud Operation
The Securities and Exchange Commission has charged siblings John and JonAtina (Tina) Barksdale with defrauding thousands of retail investors out of more than $124...
SEC Charges Ex-Broker Accused of Stealing $1.2 Million from Elderly Investors
The Securities and Exchange Commission has charged a former broker with defrauding several elderly investors of more than one million dollars between October 2015...
SEC Charges Adviser with Running Precious Metals Scheme Targeting Retail Investors
The Securities and Exchange Commission has charged Safeguard Metals LLC, and its owner, Jeffrey Santulan, for engaging in an alleged multi-million dollar fraud involving...
SEC Charges Former UBS Advisor with Stealing $5.8 Million from Client
The Securities and Exchange Commission has charged German Nino, a former securities broker and investment adviser representative for UBS Financial Services Inc., with stealing...
Four UDF Executives Convicted of Fraud
Four United Development Funding executives were found guilty of fraud on Friday following a five-day trial and nearly 12 hours of jury deliberation.
Chief executive...
