SEC Charges Four Individuals Involved In Fraudulent Scheme Targeting Retirees

Posted on April 15th, 2022 at 1:13 PM
SEC Charges Four Individuals Involved In Fraudulent Scheme Targeting Retirees

From the Desk of Jim Eccleston at Eccleston Law:

The Securities and Exchange Commission (SEC) has charged Julie Minuskin, Dennis DiRicco, Tom Casey and Golden Genesis, Inc. with defrauding investors with their sales of high-yield promissory notes primarily to retirees.


The SEC additionally charged Minuskin and Joshua Stoll with acting as unregistered broker-dealers. According to the SEC’s complaint, Retire Happy LLC, a firm owned by Minuskin and Stoll, engaged in the selling of unregistered high-yield promissory notes issued by corporate borrowers. The SEC alleged that Minuskin and Stoll falsely touted the safety of the investments for retirees despite Minuskin’s knowing that certain issuers of the notes were using new investor funds to pay returns to earlier investors. Neither Minuskin nor Stoll were licensed as or operated a broker-dealer while selling the notes to investors, according to the SEC.


Casey, principal of Golden Genesis, and DiRicco, owner of Until Tomorrow Drivetrains, allegedly conducted an unregistered and fraudulent offering by issuing notes to be sold by Retire Happy, according to the complaint. The SEC’s complaint alleged that they misappropriated investor funds to make Ponzi-style payments to earlier investors. The SEC further alleged that Minuskin aided and abetted DiRicco and Casey in their fraudulent activity.


Eccleston Law LLC represents investors and financial advisors nationwide in securities, employment, regulatory and disciplinary matters.

 
 

Tags: eccleston law, sec, defrauding

Return to Archive

TESTIMONIALS

Previous
Next

I am so glad I found you! Wow! I appreciate your help, concern and guidance.

RB

LATEST NEWS AND ARTICLES

September 5, 2025
Merrill Lynch Advisor Faces FINRA Disciplinary Action for Refusing to Cooperate with Investigation

The Financial Industry Regulatory Authority (FINRA) has initiated disciplinary proceedings against former Merrill Lynch broker Ali F. Chehab of Portland, Oregon. According to ThinkAdvisor, FINRA alleges that he refused to cooperate in an investigation into potential misconduct, including unauthorized trading and material misrepresentati...

September 4, 2025
Wells Fargo Ties $2,000 Bonus to Non-Solicitation Clause, Raising Advisor Concerns

Wells Fargo & Co. recently issued a $2,000 bank-wide award to its 215,000 employees, following the Federal Reserve’s June decision to lift its asset growth restrictions.

September 3, 2025
Kansas City Advisory Firms Agree to $25.5 Million Settlement Over No-Poach Allegations

Mariner Wealth Advisors, along with two other Kansas City-area firms, has agreed to a $25.5 million class action settlement over allegations that they illegally agreed not to solicit each other’s advisors.