According to KKNTV in Lincoln, Nebraska, more than 200 investors who claim they were defrauded by a pair of Nebraska City brokers will share $30 million in a settlement with 1 of them.
The settlement was approved late Monday in a class-action lawsuit brought by former clients of Rebecca Engle and Brian Schuster in federal court.
Engle has pleaded guilty to two counts of securities fraud in a separate criminal case, and Schuster is scheduled to stand trial next month on eight counts. Several lawsuits and arbitration claims have been filed against them and their former employers accusing Engle and Schuster of improperly selling risky investments.
The $30 million settlement is between the investors and Schuster, a former Nebraska football player. According to his FINRA Broker Report, Schuster was a financial advisor with Capital Growth Financial until March 2006.
If you have questions about investments you made with Rebecca Engle or Brian Schuster, the securities attorneys of The White Law Group may be able to help. To speak with an attorney, please contact the firm’s Chicago office at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Boca Raton, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.