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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 […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. On August 23, 2019, the Securities and Exchange Commission charged Marcus Boggs, an investment adviser representative at the Chicago office of a large financial services firm, with stealing more than $1.7 million from at least three of his clients. According to the SEC’s complaint, Boggs, without […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. The Securities and Exchange Commission filed an enforcement action on August 12, 2019 in federal court in Springfield, Massachusetts, charging investment adviser Richard G. Duncan, a resident of East Longmeadow, Massachusetts, with defrauding two advisory clients who were retail investors by persuading them to invest over […]

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From U.S. Department of Justice, U.S. Attorneys Office, District of Maryland. Original Press Release found here. Dawn Bennett Misappropriated Investors’ Funds, Including Using Them to Pay a Website Operator to Arrange for Priests in India to Perform Religious Ceremonies to Ward Off Federal Investigators Greenbelt, Maryland – U.S. District Judge Paula Xinis today sentenced Dawn J. […]

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From U.S. Department of Justice, U.S. Attorneys Office, District of Connecticut. Original Press Release found here. John H. Durham, United States Attorney for the District of Connecticut, Brian C. Turner, Special Agent in Charge of the New Haven Division of the Federal Bureau of Investigation, and Joseph W. Cronin, Inspector in Charge of the Boston […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. On March 20, 2019, Kimberly Kitts, a Cape Cod-area investment adviser, whom the Securities and Exchange Commission has charged with fraud, was sentenced in a parallel criminal action to 87 months in prison and ordered to pay $3,085,939 in restitution. On November 19, 2018, Kitts pled […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. Washington D.C., March 28, 2019 — The Securities and Exchange Commission today revoked the registration of a Seattle area-based registered investment adviser and barred its principal from the securities industry for stealing money from a private fund the adviser managed. The remaining assets will be liquidated […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. The SEC’s complaint, filed September 25, 2018, alleged that Schmidt sold securities belonging to at least seven of his retail brokerage customers and secretly transferred over $1 million in proceeds to at least ten other customers to cover shortfalls in the customers’ accounts. According to the complaint, […]

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From U.S. Securities and Exchange Commision. Original Press Release found here. 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 […]

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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 […]

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