According to the U.S. Department of Justice, Virginia investment adviser, Edward Lee Moody Jr. has been sentenced to 13 years in prison after pleading guilty to mail fraud and other related charges in connection with orchestrating a 13-year Ponzi-scheme.
The SEC has filed a complaint in the Southern District of New York against former Rockland County, New York-based investment adviser, Hector May and his daughter, Vania Bell for misappropriating more than $7.9 million in a Ponzi-scheme involving the sale of bonds.
An Oklahoma couple filed a lawsuit in federal court against the accounting firm, Gibson & Reynolds LLC alleging breach of fiduciary duty and negligence in supervising its employee who was also a Woodbridge Group of Companies, LLC (Woodbridge) sales agent.
The U.S Attorney for Maryland has announced that former Washington D.C. investment adviser representative, Dawn J. Bennett has been found guilty of 17 federal charges, including conspiracy, securities fraud and bank fraud.
The SEC has obtained a Maryland federal district court order to freeze the assets of three businessmen working out of Maryland, Deleware, and Texas who orchestrated a Ponzi scheme that raised more than $345 million from investors across the U.S.
Barred North Dakota investment adviser, Kevin Wanner has been sentenced to 11 years in prison after pleading guilty to mail fraud and money laundering.
The SEC has filed a complaint in the Northern District of Illinois against real estate investment firm, Equitybuild, Inc, its CEO and President Jerome Cohen and Vice President Shaun Cohen accusing them of running a $135 million Ponzi scheme in violation of the Securities Exchange Act.
The Nassau County District Attorney’s Office has filed several criminal charges against financial advisor, Matthew Eckstein in connection to an alleged Ponzi scheme that scammed 14 victims out of more than $5 million.
The SEC has filed civil charges against formerly registered investment advisers, Perry Santillo, Christopher Parris, Paul LaRocco, John Piccarreto and Thomas Brenner, along with their three investment firms, First Nationle Solutions, LLC, United RL Capital Services and Percipience Global Corp for defrauding at least 637 individual investors.
Philadelphia businessman, Carl Frederic Sealey, has pled guilty in connection to fraud charges for orchestrating a $1.6 million Ponzi scheme.
