As reported in the Credit Union Times, in March 2010, the Michigan Office of Finance and Insurance Regulation has stopped a $5 million Ponzi scheme involving an independent contractor licensed through CUSO Financial Services LP who worked from MidWest Financial Credit Union. According to the Michigan OFIR, Mark Carpenter sold a variety of investments involving crude [...]
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with over thirty years securities law experience, including experience at FINRA (f/k/a the NASD) and the SEC. The firm has offices in Chicago, Illinois and Boca Raton, Florida. The White Law Group has its offices in [...]
The Securities and Exchange Commission recently announced that it had charged Detroit-area stock broker Frank Bluestein, formerly of Gunnallen Financial, Inc., with fraud, alleging that he lured elderly investors into refinancing the mortgages on their homes in order to fund their investments in a $250 million Ponzi scheme. The SEC alleges that Bluestein acted as [...]