The U.S. Securities and Exchange Commission (“SEC”) has charged RRBB Asset Management, LLC, (“RRBB”) and its president, Carl Schwartz, with fraud. RRBB is based in Maplewood, New Jersey.
Tagged with "New Jersey"
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SEC Bars New Jersey Investment Adviser Running Ponzi Scheme to Fund Gambling Habit
Posted on April 8th, 2019 at 5:12 PM
The SEC has obtained a final judgment against investment adviser Scott Newsholme of Farmingdale, New Jersey for allegedly defrauding elderly clients in a $3.8 million Ponzi-like scheme.
New Jersey Adviser Accused of Running a Ponzi Scheme to Fund Gambling Habit
Posted on September 25th, 2017 at 3:39 PM
The SEC has filed a lawsuit against adviser Scott Newsholme of Farmingdale, New Jersey for allegedly defrauding elderly clients in a $1 million Ponzi-like scheme.
Former UBS Broker Pleads Guilty to $1 Million Securities Fraud
Posted on March 24th, 2015 at 11:34 AM
A former UBS broker from New Jersey pled guilty for stealing over $1 million from a retired pediatrician and his wife by fraudulently soliciting them to invest in his purported hedge fund, RKS Capital, LP.
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