Displaying 160 results
Ex-Credit Suisse broker avoids prison — for now
Former Credit Suisse Group AG broker Eric Butler will remain free while a judge reviews a decision that ordered him to prison during the appeal of his conviction for fraudulently selling securities that cost investors more than $1.1 billion in losses.
Accused drugger of Olympic skater gets jail time for investment scam
Broker gets ten years for taking PIPE investors to the cleaners; once charged with slipping gold-medalist a Mickey
Mass. financial adviser accused of stealing $4.3M from clients
Federal prosecutors have charged a former Plymouth financial adviser with fraud and tax charges stemming from allegations that he stole $4.3 million from clients.
Adviser (and Bernie Madoff’s neighbor) charged with $25M fraud
Donald Anthony Young, an investment adviser who headed Acorn Capital Management LLC, was charged with running a $25 million Ponzi scheme, prosecutors said.
Firm missed chance to stop broker’s $141M loss
MF Global Holdings Ltd. missed a shot in January 2008 to stop the broker whose unauthorized trades a month later cost the firm $141 million and helped start a slide that wiped out $3 billion in shareholder equity.
Investment firm exec found guilty of bilking seniors
Former MD of now-defunk AmeriFirst Funding found guilty of scamming 500 investors out of $50M
Beverly Hills man who copped to investment scam gets jail time
West Hollywood fund manager put clients' money towards improving his financial situation, not their's
Broker involved in $1.1B fraud avoids prison — for now
Ex-Credit Suisse Group AG broker Eric Butler can remain free while he appeals his securities-fraud conviction, a judge ruled, overturning another judge's decision.
Finra, SEC accuse broker-dealer, execs of $120M fraud
The Financial Industry Regulatory Authority Inc. and the Securities and Exchange Commission last week charged a broker-dealer and its two principals with fraud related to the sale of up to $120 milion in unregistered securities.
HighTower broker sued for selling investments tied to Ponzi scheme
Investors claim Curtis Lyman sold them promissory notes in a feeder fund for $1.4B scam
Miami couple defrauded Cuban-American seniors in $135M Ponzi: SEC
A prominent Miami couple were charged with operating a Ponzi scheme through a real estate investment scheme that defrauded hundreds of people.
WexTrust co-founder cops to private placement swindle
Steven Byers pleads guilty to charges he bilked investors out of $255M
Celebrity adviser Breard pleads guilty to fraud
A Kirkland, Wash., investment adviser once associated with ING Financial Partners Inc., pleaded guilty last Tuesday to a federal mail fraud charge, according to The Seattle Times.
Broker who stole $780K from Merrill Lynch pleads guilty
Former Merrill Lynch & Co. broker Steven Mandala, who was charged with stealing $780,000 from the firm, partly to buy a Ferrari, pleaded guilty to grand larceny and identity theft, his lawyer said.
76-year-old allegedly pulled the wool over investors’ eyes in hat scam
A Framingham, Mass., man has been indicted on charges he ran a $29 million Ponzi scheme that cheated around 130 investors.
HighTower rep tied to $1.4B Ponzi scheme
A broker at HighTower Advisors LLC, the startup with the sterling pedigree, has been sued over the sale of private notes into a feeder fund for what turned out to be a massive Ponzi scheme.
Former ING adviser, tripped up by surprise audit, could get 8 years for fraud
Federal prosecutors are seeking an eight-year sentence for a Kirkland, Wash., financial adviser who stole more than $12 million from 42 clients.
Limo driver-turned-hedgie faces long stretch in prison
Alan Fishman used to drive Wall Street bankers around New York. All the while, he thought he could do what they did. Now, the hedge fund president is facing five years in jail for securities fraud.
Adviser who led double life gets 17 years for $20M fraud
A federal judge has sentenced a Massachusetts adviser to more than 17 years in prison for committing a fraud that netted him more than $20 million from the descendants of a 19th-century industrialist and using the money on personal extravagances, including three private jets.
Ohio adviser/coffee shop investor charged with $39M fraud
The SEC claims the unregistered investment adviser promised clients he'd put their money into safe investments. Instead, he allegedly poured the cash into start-up coffee shops, real estate, and his own pocket.
