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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...

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 Obtains Final Judgment Against Broker Sentenced for Defrauding Retail Investors

The Securities and Exchange Commission received a final judgment against former Connecticut investment adviser Lester Burroughs, who pled guilty in December 2019 to one...

SEC Obtains Judgments Against Three Who Orchestrated Public Shell Company Fraud

A federal district court in Florida entered final judgments against a Florida-based certified public accountant, a former broker, and the former broker's spouse, in...

Former Ameriprise Financial Advisor Sentenced for Running $8.2 Million Ponzi Scheme

Li Lin Hsu, a former Ameriprise financial advisor who ran an $8.2 million Ponzi scheme that defrauded 20 of her clients, including some of...

SEC Charges Former Broker with Defrauding Retail Investors

The Securities and Exchange Commission has charged Edward Matthes, a former Wisconsin-based registered representative and investment adviser, with defrauding 26 of his mostly elderly...

SEC Bars Longtime Broker Who Pled Guilty to Defrauding Retail Investors

The Securities and Exchange Commission has barred a Connecticut investment adviser after he pleaded guilty last month to one count of wire fraud for...

SEC Charges Longtime Broker with Defrauding Retail Investors

The Securities and Exchange Commission has charged a Connecticut investment adviser with allegedly misappropriating $560,000 from his advisory clients by selling fictitious financial products...

SEC Obtains Final Judgments Against Gold Mining Pyramid Scheme Orchestrator and...

The SEC has obtained final judgments against the orchestrator and four promoters of a pyramid and Ponzi scheme involving two purported gold mining companies. In...

SEC Charges Unregistered Broker Who Sold Woodbridge and 1 Global Fraudulent...

The Securities and Exchange Commission has charged Henry J. "Trae" Wieniewitz, III and his Knoxville, Tennessee-based company, Wieniewitz Financial LLC, for unlawfully offering and...

SEC Makes Additional Charges in Nationwide Oil Investment Scheme

The Securities and Exchange Commission charged a 35-year-old Kentucky man, Jared Gabriel Forrester, for his alleged role in the fraudulent offering and sale of...