Tagged with "Wire Fraud"

DOJ Charges Maryland Advisor with Wire Fraud and Aggravated Identity Theft

Posted on May 3rd, 2021 at 9:20 AM
DOJ Charges Maryland Advisor with Wire Fraud and Aggravated Identity Theft

Earlier this month, the Department of Justice charged financial advisor Eddy Blizzard with both wire fraud and aggravated identity theft.

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Former Non-Profit Operator Pleads Guilty to Conspiracy to Commit Wire Fraud

Posted on August 6th, 2020 at 9:25 AM
Former Non-Profit Operator Pleads Guilty to Conspiracy to Commit Wire Fraud

Anthony Wayne March, former operator of the non-profit organization Asset Trader in Rolesville, North Carolina, has plead guilty to a federal charge of conspiracy to commit wire fraud. The charge stems from an alleged $8.1 million Ponzi scheme.  

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Two Sarasota-Bradenton Area Men Charged for Alleged Ponzi Scheme

Posted on June 30th, 2020 at 4:11 PM
Two Sarasota-Bradenton Area Men Charged for Alleged Ponzi Scheme

In connection with an alleged $6.3 million Ponzi scheme, Phillip Roy Wasserman and Kenneth Murry Rossman (collectively, “Defendants”) have been charged by federal prosecutors with mail fraud, wire fraud, and conspiracy to commit wire and mail fraud.  Defendants are alleged to have targeted elderly individuals and convinced those individuals to liquidate traditional investments in order to invest in “FastLife,” an insurance venture by Wasserman. Wasserman and Rossman are alleged to have made fraudulent misrepresentations and to have concealed material information when soliciting investments in FastLife.  

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Los Angeles Investment Adviser Indicted

Posted on September 5th, 2019 at 5:04 PM
Los Angeles Investment Adviser Indicted

A federal grand jury in Los Angeles has indicted investment adviser Motty Mizrahi on wire fraud charges. The SEC previously charged Mizrahi and his sole proprietorship MBIG Company in an emergency action where it obtained a temporary restraining order and subsequently a preliminary injunction against Mizrahi and MBIG, for perpetrating a fraud on their investment advisory clients.

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Ex-Adviser Gets Five Years in Prison for Stealing $3.1M from Clients

Posted on July 9th, 2019 at 5:20 PM
Ex-Adviser Gets Five Years in Prison for Stealing $3.1M from Clients

A U.S. District Court judge in Seattle sentenced former adviser, Dennis Gibb, to five years in prison for theft, wire fraud and falsification of records, having defrauded his clients for over a decade.

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Millionaire Kevin Merrill Pleads Guilty to Large Ponzi Scheme

Posted on May 20th, 2019 at 4:14 PM
Millionaire Kevin Merrill Pleads Guilty to Large Ponzi Scheme

A Towson millionaire pleaded guilty Thursday in a $550 million Ponzi scheme – one of the largest ever charges in Maryland. Federal prosecutors called Kevin Merrill the front man in a fraud to dupe vulnerable investors out of hundreds of millions of dollars.

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Massachusetts Investment Adviser Pleads Guilty to Stealing More Than $3 Million From Clients

Posted on November 21st, 2018 at 3:47 PM
Massachusetts Investment Adviser Pleads Guilty to Stealing More Than $3 Million From Clients

Cape Code investment adviser, Kimberly Pine Kitts has pled guilty in U.S. District Court to defrauding clients out of $3 million by using an aggressive scheme to carry out fraud, wire fraud and aggravated identity theft.

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Houston Woman Charged with Defrauding Professional Athletes

Posted on January 22nd, 2017 at 8:27 PM
Houston Woman Charged with Defrauding Professional Athletes

Peggy Ann Fulford, 58, formerly of Houston and now residing in New Orleans, has been arrested and charged with wire fraud, mail fraud, interstate transportation of stolen property and money laundering.

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Cedar Brook Brokers Sanctioned in Connection with MedCap Fraud

Posted on October 11th, 2016 at 9:13 AM
Cedar Brook Brokers Sanctioned in Connection with MedCap Fraud

In 2013, Cedar Brook Financial Partners, Michael Perlmuter, Howard Slater, and Azim Nakhooda had their securities licenses suspended and were fined after  FINRA alleged that they made false statements about the safety of high-risk funds such as Medical Capital Holdings, Inc. (“MedCap”).

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Idaho Broker Pleads Guilty to Investment Fraud

Posted on April 23rd, 2015 at 11:44 AM
Idaho Broker Pleads Guilty to Investment Fraud

An Idaho broker pleaded guilty to wire fraud and to engaging in monetary transactions in property from illegal activity.

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