Posted by & filed under News, Uncategorized.

From U.S. Department of Justice, U.S. Attorneys Office, Southern District of New York. Original Press Release found here. Wednesday February 5, 2020 Geoffrey S. Berman, United States Attorney for the Southern District of New York, announced that ELIAS HERBERT HAFEN, a former financial adviser at two investment banks with offices in New York, New York, […]

Posted by & filed under News, Uncategorized.

From U.S. Department of Justice, U.S. Attorneys Office, Eastern District of New York. Original Press Release found here. Defendant Defrauded Dozens of Elderly Investors of Over $13 Million Earlier today, in federal court in Central Islip, Steven Pagartanis was sentenced by United States District Judge Joan M. Azrack to 170 months’ imprisonment and ordered to […]

Posted by & filed under News, Uncategorized.

From U.S. Department of Justice, U.S. Attorneys Office, Northern District of Indiana. Original Press Release found here. HAMMOND- Richard E. Gearhart, 69, of St. John, Indiana has tendered his plea of guilty to conspiracy to commit securities fraud, announced U.S. Attorney Kirsch. “Fraud schemes targeting the elderly, among the most vulnerable of victims, are particularly […]

Posted by & filed under News, Uncategorized.

From U.S. Department of Justice, U.S. Attorneys Office, Western District of Tennessee. Original Press Release found here. Memphis, TN – Stephen Douglas Fry, 72, a Memphis-area financial advisor, pled guilty to a three-count information charging him with mail and wire fraud and interstate transportation of monies taken by fraud, U.S. Attorney D. Michael Dunavant for the […]

Posted by & filed under News, Uncategorized.

From U.S. Securities and Exchange Commision. Original Press Release found here. Washington D.C., Aug. 29, 2019 — The Securities and Exchange Commission today charged a Tallahassee-based investment adviser firm and its two former principals with defrauding investors, most of whom were retired NFL players who had joined a class-action lawsuit against the league claiming they suffered […]

Posted by & filed under News.

From U.S. Department of Justice, U.S. Attorney’s Office, Northern District of Iowa. Original Press Release found here. Prison Term Imposed for His Second Federal Fraud Conviction Since 2016 A North Iowa former investment adviser who stole over $2.4 million from his clients was sentenced on October 5, 2018, to 175 months in federal prison. Darrell Smith, age […]

Posted by & filed under News.

From U.S. Department of Justice, U.S. Attorney’s Office, District of South Carolina. Original Press Release found here. Columbia, South Carolina – United States Attorney Sherri Lydon stated today that Melvin Leonard Wimmer, Jr., age 53, of Greenwood, South Carolina, was sentenced in federal court in Greenville, South Carolina, for Securities Fraud. Senior United States District Judge Henry Herlong, […]

Posted by & filed under News.

From U.S. Department of Justice, U.S. Attorney’s Office, Southern District of Florida. Original Press Release found here. Benjamin G. Greenberg, United States Attorney for the Southern District of Florida, Robert Lasky, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office and Michael J. De Palma, Acting Special Agent in Charge, Internal Revenue Service, Criminal […]

Posted by & filed under News.

From U.S. Department of Justice, U.S. Attorney’s Office, District of New Jersey. Original Press Release found here. NEWARK, N.J. – A former broker and investment adviser today admitted stealing millions of dollars from his clients in order to pay for personal expenses, U.S. Attorney Craig Carpenito announced. Gary Basralian, 70, of Springfield, New Jersey, pleaded guilty before […]

Posted by & filed under News, Uncategorized.

From U.S. Department of Justice, U.S. Attorneys Office, Northern District of Georgia. Original Press Release found here. ATLANTA – Angelo Alleca, the former CEO of Atlanta, Georgia, based Summit Wealth Management, has pleaded guilty to conspiring with a former business partner to defraud investors of over $35 million dollars. Alleca marketed several funds that were supposed […]