by Broker Fraud | Jan 31, 2020 | Investment Fraud, Ponzi Scheme
The legal recreational marijuana industry is in its infancy in Michigan, but so far it appears to be a booming business. In the first two weeks of December 2019 just a few licensed retail shops grossed more than $3 million in sales and the projections by state budget...
by Broker Fraud | Jun 4, 2019 | Investment Fraud, Ponzi Scheme
A multi-million dollar pyramid scheme involving e-commerce lessons and cryptocurrency results in an SEC injunction They thought they were getting an education in how to start an e-commerce business, but many of the 20,000 people who subscribed to IPro, and its clever...
by Broker Fraud | Jan 10, 2019 | Ponzi Scheme
John G. Schmidt appeared to be someone you could really trust to advise you on financial matters. He had 35 years of experience as a registered broker-dealer representative. He had his Financial Industry Regulatory Authority (FINRA) Series 7, 24, 63 and 65 licenses....
by Broker Fraud | May 4, 2018 | Ponzi Scheme
A Ponzi scheme is a deceptive investment maneuver that pays returns to its investors from the money paid by subsequent investors, rather than from profit earned by an organization. Brokers and their firms can be held liable for their actions and their in-actions,...
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,...
