by Broker Fraud | Oct 25, 2023 | Ponzi Scheme, Securities Fraud
Podcast Host Cash Flow King Charged by SEC with Operating a Ponzi Scheme A podcast is similar to a radio talk show program but it is distributed in the form of a digital audio file that can be downloaded from the internet to a computer or mobile device. Podcasts are...
by Broker Fraud | Nov 30, 2021 | Ponzi Scheme, Securities Fraud
Affinity fraud occurs when a thief targets members of an identifiable group, like a religious group, senior citizens or an ethnic community, and then relies on his or her connection with members of the group to perpetrate investment fraud.1 Affinity scams very often...
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,...