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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...

FINRA Bars Broker Accused of Referring Investors to Half-Brother’s Ponzi Schemes

The Financial Industry Regulatory Authority has barred former MML Investors Services broker, Gary Wayne Hammond, for allegedly participating in numerous private securities transactions and...

SEC Charges New York Man with Defrauding Police and Firefighters in...

The Securities and Exchange Commission has charged Gregory Altieri of Melville, New York with allegedly operating a Ponzi-like scheme that defrauded current and retired...

SEC Bars Adviser for Recommending Clients Invest $3 Million in Ponzi...

The Securities and Exchange Commission has barred adviser Craig Rumbaugh for recommending that eight of his clients invest more than $3 million in a...

Feds Arrest Alleged Ponzi Schemer Who Fled in Underwater Submersible Device

Federal agents have arrested unregistered investment adviser, Matthew Piercey, creator of investment companies Family Wealth Legacy and Zolla, who was charged with running a...