Woodbridge CEO Pleads Guilty to $1.3 Billion Fraud
Robert Shapiro, the ex-CEO of the Woodbridge Companies, has pled guilty to orchestrating a $1.3 billion fraud impacting more than…
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Securities America Faces $18 Million Lawsuit Following Former Advisor’s Cop to Ponzi Scheme
In late February 2019, former music industry executive Robert Jamieson and his family sued their former broker, Hector A. May,…
Read MoreRegulators Pursue Enforcement Actions Against Woodbridge Sales Representatives
Last December, the Securities and Exchange Commission accused the Woodbridge Group of Companies and its founder, Robert Shapiro, of running…
Read MoreSeniors Most Often Defrauded by Family and Friends
For a number of reasons, seniors are some of the most likely victims of financial and securities fraud. First, given…
Read MoreRogue Brokers in the News; Fraudsters and Thieves of Client Funds
Two rogue brokers made the news this week. One, a former Ameriprise broker in Los Angles, was arrested by the…
Read MoreMaserati-Buying Insurance Agent Admits to Stealing $1.5 Million from Elderly Clients
On February 5, 2018, a San Diego insurance agent, Shawn Heffernan, pleaded guilty to defrauding senior citizens and others out…
Read MoreSan Diego Securities and Financial Attorneys: Merrill Lynch Fires Fires Two Boston-Based Brokers For Stealing Client Funds
According to FINRA CRD registration records, Morgan Stanley fired two long term, Boston-based brokers [...]
Read MoreCalifornia Securities Lawyer Update: FINRA Panel Slams Wedbush Securities in Elder Abuse Arbitration
A panel of FINRA arbitrators recently awarded $1.4 million to [...]
Read MoreBroker Barred for Steering Clients to Ponzi Scheme
The White House is not the only place where “fake news” is the big problem [...]
Read MoreREGISTERED INVESTMENT ADVISERS CHARGED WITH STEALING FROM CLIENTS, INCLUDING MIKE TYSON
Two recent instances of RIA’s stealing from clients [...]
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