Posted by & filed under Uncategorized.

Five months after the FBI searched his downtown Raleigh office, VisionQuest founder Stephen Peters has been indicted by a federal grand jury. The 29-page indictment comes a day before a restraint on his assets was set to expire. It charges Peters, 44, with one count of investment advisor fraud, one count of fraud in the sale of unregistered securities, […]

Read More

Posted by & filed under Uncategorized.

Washington D.C., May 29, 2014 — The Securities and Exchange Commission today announced fraud charges and an asset freeze against a Chicago-based investment fund manager accused of stealing money he raised from investors to pay personal and business expenses. The SEC alleges that Neal V. Goyal told investors that the private funds he managed would […]

Read More

Posted by & filed under Uncategorized.

CINCINNATI — A Symmes Township man is expected to plead guilty in Atlanta next week to federal charges that he participated in a $35 million Ponzi scheme shut down by the U.S. Securities and Exchange Commission in 2012. Mark Morrow, a former Ohio manager for Atlanta-based Summit Wealth Management, was indicted in 2015 on 13 counts alleging Morrow and […]

Read More

Posted by & filed under Uncategorized.

By: Ryan Boldrey The Securities and Exchange Commission announced fraud charges and an emergency asset freeze against William P. Sullivan II of Highlands Ranch and Michael Turnock of Denver for allegedly perpetrating a Ponzi scheme. The two, who operate Bridge Premium Finance LLC, are alleged to have raised at least $15.7 million from more than […]

Read More

Posted by & filed under News.

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 62, from Forest City, Iowa, received the prison term after a July 2017 guilty plea to one count of wire fraud and one count of aggravated […]

Read More

Posted by & filed under News.

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, of Greenville, sentenced Wimmer to 75 months imprisonment and 5 years Supervised Release. The court also […]

Read More

Posted by & filed under News.

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 Investigation (IRS-CI) announced that on August 31, 2018, Salvatore Colonna, 69, of Fort Lauderdale, pled […]

Read More

Posted by & filed under News.

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 U.S. District Judge Madeline Cox Arleo in Newark federal court to an information charging him […]

Read More