Man who ran Ponzi scheme defrauding athletes and others pleads guilty A man who was running a Ponzi scheme that defrauded multitudes of investors including professional athletes pled guilty in Colorado. The 50-year-old could go to jail for as many as eight years. He must also pay $18 million back to those he defrauded. According […]
Usually, the stock exchange is not in the news unless there is some huge swing up or down, but recently, there has been a renewed interest in securities fraud thanks to the boom in so called, “MEME stocks.” And, perhaps, as a result of this new interest from the general public, the Securities and Exchange […]
For investors in New York, in Puerto Rico and throughout the world, new opportunities can be advantageous. While many investments are positive and allow people to raise their net worth, others leave them vulnerable to be taken advantage of by unscrupulous people who are either in or claim to be in the financial industry. Financial […]
There’s a lot going on in the securities market. Billions of events occur on a daily basis, and hundreds of thousands of brokers make these deals. In that context, you might be thinking its no wonder that fraudulent and otherwise unfair practices occur all the time. Believe it or not, though, the federal government has […]
Perpetrating a securities fraud scheme, like a Ponzi scheme or other plot designed to take investors’ money, requires that the fraudster build up trust with investors. After all, investors who do not trust a broker are very unlikely to give their hard-earned money over to her in order to invest. There is a documented history […]
Victims of securities fraud should be familiar with the different types of securities fraud that may be actionable and the different types of securities fraud litigation and claims. They can use those resources to protect themselves from further harm when they have been harmed by securities fraud. Breach of fiduciary duty When an investment broker […]
A Ponzi scheme is a type of securities fraud that can significantly harm unsuspecting investors. Potential investors should know what to watch for and the legal resources available to them to keep them protected from Ponzi schemes and other types of securities fraud. Everything to know about Ponzi schemes The basic idea behind a Ponzi […]
In New York, throughout the nation and in Puerto Rico, people frequently receive unsolicited phone calls from people they do not know and numbers they fail to recognize. Many are clear attempts to scam the unsuspecting recipients. However, reputable companies are known to use underhanded strategies that straddle the line of legality or flout it […]
Choosing to invest in securities can be difficult for novice investors. When a New York resident hopes to expand their portfolio or diversify through the acquisition of new securities, they must know what they are getting into so that they can minimize their risks of loss and financial trouble. Financial professionals can guide them toward […]
As the baby boomer population grays, elder financial abuse has become more prevalent in today’s world. Elderly fraud victims can easily become confused by information on the internet, and are often trusting or cognitively impaired when scam merchants come calling at their door. According to a study on elder financial abuse from 2015, 37% of […]