by Broker Fraud | Jan 17, 2018 | Ponzi Scheme |
SEC Files Subpoena Enforcement Action Against 235 Entities Affiliated with Woodbridge Group of Companies, LLC Related to Recent Securities Fraud Investigation and $1.22 Billion Ponzi Scheme The US Securities and Exchange Commission (SEC) filed a subpoena enforcement...
by Broker Fraud | Apr 14, 2017 | Ponzi Scheme |
United Development Funding (UDF) and United Mortgage Trust (UMT) are Real Estate Investment Trusts (REIT) based in Texas. A REIT is a company that owns or finances income-producing real estate. REITs provide investors of all types regular income streams,...
by Broker Fraud | Nov 14, 2016 | Ponzi Scheme |
Where did the term Ponzi Scheme originate? Charles Ponzi was an Italian con man who in the 1920’s ran an elaborate pyramid investment scheme. As always the case, eventually the scheme collapsed. It was estimated that by the time smoke cleared, he stole...
by Broker Fraud | Aug 31, 2016 | Ponzi Scheme, Securities Fraud |
The Securities and Exchange Commission in text book fashion filed an emergency civil action in federal court charging principals in KGTA for participating in fraud. The SEC alleged investors were told that KGTA bought and resold refined fuel products, of which did not...
by Broker Fraud | Feb 25, 2016 | Ponzi Scheme |
Another victory against corrupt brokers We found a great article where the federal court sentenced Jason Keryc for a $147M Ponzi Scheme. You can find the article below Broker Convicted in $147M Ponzi Scheme Headed to Prison A Long Island financial broker is headed to...
