Tagged with "Puerto Rico"

Ponzi Scheme Operator Charged with Fraud

Posted on November 23rd, 2016 at 9:33 AM
Ponzi Scheme Operator Charged with Fraud

Carlos Maldonado, owner of Business Planning Resources International Corporation (BPRIC), and associated under the incorporation documents with Pet Card Systems, Inc., and Datavos Corporation, was arrested and charged with securities fraud and bank fraud . 

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Oppenheimer Funds Fight Puerto Rico’s Debt Issue

Posted on July 23rd, 2015 at 11:46 AM
Oppenheimer Funds Fight Puerto Rico’s Debt Issue

Puerto Rico’s governor is adamant that the island is unable to pay back its $72 billion debt, but OppenheimerFunds Inc., the largest mutual-fund holder of the bonds, believes otherwise.

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UBS Drove Reluctant Brokers to Sell High-Risk Puerto Rico Funds

Posted on March 6th, 2015 at 5:25 PM

In April 2011, two years before the fund prices sank, UBS brokers were asked by the firm to sell more of the funds’ shares, even though the brokers were reluctant to do so given the funds’ low liquidity, excessive leverage, oversupply and instability. 

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UBS Pays $1.68 Million to Settle Some Puerto Rico Bonds Loss Claims

Posted on November 20th, 2014 at 9:01 AM

UBS has agreed to compensate $1.681 million to 34 Puerto Rico-based investors for their losses in investments in their municipal bond closed ended funds.

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TESTIMONIALS

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We just wanted to say thanks for your work in helping us get back some of the money we lost. We are not by any means rich, but we have saved some money and we have done so through a tight-fisted approach to most everything we do. So losing a significant chunk of money hurt…especially at a time when everyone else was growing their accounts. We really appreciate the work you did.

Allan and Adele

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