by Broker Fraud | Mar 7, 2024 | Securities Fraud, Securities Litigation
On January 23, Jaime Westenbarger, who founded Forest Hills Financial, a financial services firm based in Ada, Michigan, pleaded guilty in Kent County Circuit Court to embezzling client funds. Westenbarger pleaded guilty to two count of embezzlement over $100,000,...
by Broker Fraud | Feb 27, 2024 | Securities Fraud, Securities Litigation
A Structured Note is a debt security issued by financial institutions. Its return is based on equity indexes, single equity, a basket of equities, interest rates, commodities, or foreign currencies. The performance of a Structured Note is linked to the return on an...
by Broker Fraud | Feb 8, 2024 | Securities Fraud, Securities Litigation
Jumia Technologies (JMIA) is an African e-commerce online retailer technology company. It is a company built around a marketplace, logistics service and payment service. The logistics service enables the delivery of packages through a network of local partners while...
by Broker Fraud | Dec 29, 2023 | Securities Fraud, Securities Litigation
Kraken Charged by the SEC with Operating its Crypto Trading Platform in Violation of US Securities Law Kraken advertises itself as “the crypto exchange for everyone” that allows customers to buy crypto with “peace of mind.” The company website boasts of a quarterly...
by Broker Fraud | Sep 1, 2023 | Securities Fraud, Securities Litigation
One of the most obvious warning signs that an investment may not be legitimate is the promise of high rates of return on the investment. According to Todd R. Tresidder, a Financial Mentor blogger and millionaire through investments, “above market returns are the...
by Broker Fraud | Aug 1, 2023 | Securities Fraud, Securities Litigation
When criminals receive money from an illegal transaction they often move that “dirty” money into the financial system, either through depositing the illegal gains into a bank or credit union or investing the money with an investment firm or through a...
