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SEC Charges Three Advisers for Recommending Multi-Million-Dollar Ponzi to Clients

The Securities and Exchange Commission filed a civil action in a Georgia district court against Michael Mooney, Britt Wright, and Penny Flippen in connection...

SEC Charges Dually Registered Broker with Operating Ponzi Scheme

The Securities and Exchange Commission has filed an emergency action and charged North Carolina-based broker and investment adviser Shawn Good with defrauding clients and...

Daughter of Imprisoned Former Securities America Broker Pleads Guilty to Federal...

The United States Attorney for the Southern District of New York reported that Vania May Bell, the former comptroller and chief compliance officer of...

Former Merrill Lynch Broker Sentenced to Seven Years for Defrauding Investors

Phillip Conley, a former registered representative, has been sentenced to 87 months in prison for defrauding West Virginia churches, pastors, and others out of...

Former Broker Sentenced to More Than Five Years for Defrauding Retail...

Edward E. Matthes, who was charged by the SEC in January 2020 with defrauding 26 elderly retail and advisory clients, has been sentenced in...

SEC Bars Former Geneos Broker Who Pled Guilty to Selling Phony...

The Securities and Exchange Commission has barred Bradley Joseph Tennison, a former Geneos Wealth Management broker who pled guilty to selling unregistered securities in...

SEC Obtains Judgment Against Former LPL Broker that Ran $5 Million...

The Securities and Exchange Commission has obtained a final judgement against James T. Booth, a former LPL Financial broker who operated a Ponzi scheme...

Former GPB Capital CEO Pleads Not Guilty in $1.8 Billion Fraud...

David Gentile, the owner and now former chief executive officer of New York-based GPB Capital Holdings, pled not guilty to fraud and conspiracy charges...

NASAA Details State Enforcement Actions Against GPB Capital

The North American Securities Administrators Association (NASAA) has reported that seven state securities agencies have filed regulatory actions against New York-based investment adviser GPB...

SEC Charges GPB With Running “Ponzi-Like Scheme,” Violating Whistleblower Laws

The Securities and Exchange Commission has charged three GPB Capital executives and their affiliated entities with running a “Ponzi-like scheme” that raised more than...