How Do Ponzi Schemes Work?
The 1920’s were roaring and just on the cusp of the communication age. The United States Postal Service was at…
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San Francisco Art Dealers Implicated in $3.4 Million Ponzi Scheme
The FBI recently announced a 12-count federal indictment against Anthony Barreiro and Ernest Ray Parker, a/k/a Ray Parker Gaylord, two…
Read MoreLos Angeles Pastor Arrested For Running Ponzi Scheme Fraud
The FBI recently announced that it has arrested Luis Alonso Serna, a pastor based in the San Fernando valley area…
Read MoreR. Allen Stanford’s Ponzi Scheme- Fraud for Securities That Never Existed?
Most of us who follow Ponzi schemes, scams and scoundrels remember R. Allen Stanford’s long standing Ponzi scheme. He now…
Read MoreMass. Securities Regulator Launches Investigation Into Unsuitable REIT Sales
Massachusetts Secretary of the Commonwealth William Galvin recently announced the state has issued subpoenas to Morgan Stanley, UBS, Fidelity, Merrill…
Read MoreFINRA Cautions Investors: Alternative Funds Are Not Typical Mutual Funds
FINRA issued its latest “investor alert” warning the public about increasingly-popular alternative mutual funds. According to FINRA, alternative mutual funds–sometimes…
Read MoreInvestors Sue to Recover Losses Stemming from UBS Willow Fund
Investors in UBS Willow Fund, L.L.C. (the “Willow Fund”), which was sponsored and sold by UBS Financial Services, Inc., have…
Read MoreSEC Accuses San Diego Advisor Ray Lucia of Misleading Investors
In early September 2012, the SEC initiated formal cease and desist proceedings against San Diego-based financial advisor Raymond J. Lucia,…
Read MoreSEC Charges Absolute Fund Advisors With Operating “Ponzi-like” Scheme
the SEC filed a Complaint in the U.S. District Court for the Southern District of New York against Absolute Fund…
Read MoreTop Ten Unsuitable Investments to Watch Out For
These are the Top Ten Unsuitable Securities Investments to Watch Out For during 2012, as compiled by FINRA. For most…
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