Displaying 160 results
Groups grapple with tracking wrongdoers
Oren Eugene Sullivan Jr. has been barred permanently from the securities industry, and his insurance license has been revoked.
Pastor-turned-investment-manager gets jail for fleecing the flock
Reeves receives 54-year prison sentence for Ponzi scheme targeting church members; selling 'the Lord'
John Elway’s ex-adviser cops to $71M investment scam
Mueller pleads guilty to ripping off the Hall of Fame quarterback, 64 other clients; 'he's accepting responsibility'
Financial adviser gets 8 years in jail for $4.5M swindle
Stephen Clifford used investment money to pay his mortgage, alimony, and daughter's college tuition.
Adviser who faked plane death eyed movie and book deals: Prosecutor
Marcus Schrenker also allegedly bailed out of plane carrying a 90 pound bag of gold with him
Disgraced money manager who faked own death pleads guilty — again
Marcus Schrenker cops to securieties fraud; already serving time for crashing plane in flight from justice
Madoff trustee wins $180M from hedge fund
The trustee for Bernard Madoff's investment-advisory business won a $180 million default judgment against Vizcaya Partners Ltd. over claims the hedge fund profited from the conman's fraud.
Finra boots star adviser from securities biz
Rhonda Breard, Washington state adviser – and local celebrity – accused of stealing $8M from clients
Ex-Ameriprise adviser gets five years for fraud; ordered to repay B-D $2.7M
An Ooltewah, Tenn., financial adviser has been sentenced to five years in prison and ordered to pay more than $2.7 million in restitution to his former broker-dealer, Ameriprise Financial Inc., after pleading guilty to misappropriating his clients' money while he worked for the Minneapolis-based firm.
Ponzi or pawn? Accused scammer Petters says he’s innocent
A Minnesota businessman accused of orchestrating a massive Ponzi scheme testified Tuesday that he did not knowingly participate…
Madoff lite? Petters trial commences this week
Until the Bernard Madoff scandal broke, it was a Minnesota businessman who stood accused of orchestrating the largest Ponzi scheme authorities could ever recall.
Ponzi schemer gets max sentence for $77M fraud
Tearful, angry victims of a $77 million Ponzi scheme that targeted hundreds of often working-class Italian-Americans crowded into a Chicago courtroom Thursday to tell their stories before a judge handed the convicted swindler a maximum 23-year prison term.
Florida investor sues firms over adviser wire fraud
A Florida investor is suing TD Ameritrade Inc. for allegedly allowing a financial adviser to steal more than $2.3 million from her brokerage accounts.
Attorney slams N.D. court decision over convicted broker
A North Dakota Supreme Court ruling on a probation violation appeal may make it more difficult for businesses to raise investment money for projects, an attorney said Wednesday.
‘Con man’ ran Ponzi scheme for three decades: Prosecutor
N.Y. money manager accused of scaming hundreds of investors; business 'was a fake but victims were very real'
Three-time loser faces 369 years in jail for alleged Ponzi scheme
Stinson hookwinked 260 investors in real estate investment scam, say prosecutors; claimed to be an MIT grad
77-year-old mastermind of ‘massive fraud’ gets long jail sentence
Nadel likely to be incarcerated in same Federal facility as Bernie Madoff
John Elway: I gave $15M to accused Ponzi schemer
Former Denver Broncos quarterback John Elway and his business partner gave $15 million to a hedge-fund manager now accused of running a Ponzi scheme.
SEC orders adviser to pay $1M to settle fraud charges
A Shaker Heights investment adviser has been ordered to pay nearly $1 million in a settlement of fraud charges brought against him by the Securities and Exchange Commission.
L.A. real estate mogul and investment guru charged with fraud
Namvar accused of stealing $23M from clients to pay off other investors; bigwig in Persian Jewish community
