Jeffrey and Paulette Carpoff are being accused by the Securities and Exchange Commission (SEC) of running a nearly one billion dollar Ponzi scheme.
Tagged with "Fraud"
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SEC Charges Two More for Alleged Involvement in California Ponzi Scheme
Posted on January 24th, 2020 at 4:47 PM
International Investment Group LLC Registration Revoked by SEC Following $60 Million Fraud
Posted on December 5th, 2019 at 12:07 PM
According to a November 26th press release, the Securities and Exchange Commission (“SEC”) has revoked the registration of investment adviser International Investment Group LLC (“IIG”), following charges of “securities fraud for hiding losses in its flagship hedge fund and selling at least $60 million in fake loan assets to clients.”
Ex-Hedge Fund Trader Receives 40 Months in Prison
Posted on November 19th, 2019 at 4:00 PM
A former Premium Point Investments trader received 40 months in prison for what federal prosecutors called a scheme to overinflate the fallen hedge fund's assets by $100 million by soliciting fake price quotes from a corrupt broker.
Former Philadelphia Eagles' Linebacker Found Guilty for Fraud Once Again
Posted on November 18th, 2019 at 2:01 PM
A federal judge has found former Philadelphia Eagles' linebacker guilty for a second time of defrauding his former coaches and other investors.
Former NFL Player Convicted in Retrial For $10 Million Fraud Scheme
Posted on November 5th, 2019 at 2:46 PM
A federal jury convicted a former Philadelphia Eagles linebacker and Minnesota Vikings alumni Merrill Robertson Jr. in a retrial for his role in a $10 million fraud scheme.
SEC Charges Former CFO of Florida Cash Advance Company with Fraud
Posted on September 9th, 2019 at 4:19 PM
The Securities and Exchange Commission ("SEC") charged 1 Global Capital LLC's ("1 Global") former chief financial officer, Alan G. Heide, with defrauding retail investors. The now-bankrupt Florida-based cash advance company allegedly fraudulently raised more than $322 million from 3,600 investors between 2014 and last year.
SEC Charges Real Estate Company and its Founder with $8.75 Million Offering Fraud
Posted on September 3rd, 2019 at 5:03 PM
The Securities and Exchange Commission ("SEC") brought fraud charges against a real estate company, Hartman Wright Group, LLC and its founder, Tytus W. Harkins, for raising over $8 million in an unregistered real estate-based offering fraud.
SEC charges Chicago Financial Adviser with $1.7 Million Fraud
Posted on August 30th, 2019 at 3:57 PM
The Securities and Exchange Commission ("SEC") charges Marcus Boggs, a former Chicago investment adviser at the Chicago office of Merrill Lynch, with stealing over $1.7 million from at least three of his clients.
SEC Charges Brenda Smith with $100 Million Fraud, Obtains Emergency Asset Freeze
Posted on August 28th, 2019 at 5:15 PM
The Securities and Exchange Commission ("SEC") charged Brenda Smith, a Pennsylvania investment adviser, with operating an investment advisory fraud involving over $100 million in investments. The SEC also obtained an emergency asset freeze.
Chicago Investment Firm Head Pleads Guilty To Investment Adviser Fraud
Posted on August 22nd, 2019 at 3:45 PM
A Chicago investment adviser pled guilty to investment adviser fraud for his role in allocating profitable trades to benefit himself and his family, at the expense of his firm's clients.
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