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SEC Charges Texas Radio Host in $19.6 Million Ponzi Scheme Targeting...

The Securities and Exchange Commission has charged William Neil "Doc" Gallagher, the self-styled "Money Doctor" featured on three Dallas-area radio stations, in an emergency...

SEC Bars Former Morgan Stanley Broker Jailed for Securities Fraud

The Securities and Exchange Commission has barred former Morgan Stanley broker Michael Scronic for his role in running a Ponzi-like scheme and raising money...

SEC Obtains $1.1 Million Judgment Against Former Broker

An Ohio federal court entered a consent judgment against John Gregory Schmidt, a former registered representative of Wells Fargo Advisors Financial Network and Stifel,...

SEC Bars Former Securities America Broker for Running $8 Million Ponzi...

The Securities and Exchange Commission has barred former Securities America broker Hector May for running a $7.9 million Ponzi scheme with his daughter who...

Cato Institute Sues SEC to End Gag Rule

The Cato Institute, a non-profit libertarian think tank and publisher, is suing the Securities and Exchange Commission to challenge what it believes is an...

Former Wells Fargo Rep Receives 128-Count Indictment for Investment Fraud

John Gregory Schmidt, a former Wells Fargo Advisors Financial Network registered representative, has been indicted on 128 counts for conducting a million-dollar Ponzi scheme...

SEC Charges 13 Unregistered Brokers for Selling Woodbridge Securities to Retail...

The Securities and Exchange Commission has charged an additional 13 individuals and 10 companies for unlawfully selling securities of Woodbridge Group of Companies LLC...

FINRA Bars Former Quest Capital Broker for Selling Woodbridge Promissory Notes

The Financial Industry Regulatory Authority has barred former Quest Capital broker Frank Dietrich for selling his clients more than $10.8 million in promissory notes...

Dawn Bennett Convicted of Fraud in $20 Million Ponzi Scheme

A Maryland federal jury convicted former financial adviser and radio talk show host Dawn Bennett for defrauding investors out of millions in a $20...

SEC Halts Alleged 1031 Exchange Ponzi Scheme

The Securities and Exchange Commission has filed an emergency action to halt an alleged offering fraud perpetrated by Susan Werth, a.k.a. Susan Worth, and...