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March 30, 2012
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Publications
Cornerstone Real Estate Investment Funds sold through Pacific Cornerstone Capital Inc. have joined other REITs in experiencing a drastic drop in value in recent months. The White Law Firm in Chicago is investigating the broker-dealers who sold the Cornerstone shares...
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March 30, 2012
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Blog, Securities Fraud
KBS REIT I Investment Losses Investors in the popular non-traded REIT, KBS Real Estate Trust Inc. (KBS REIT I), were reportedly notified on Monday that the value of their shares is now estimated by the company at $5.16. The new valuation represents a 29% drop from the last change to the valuation in late 2009 …
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March 30, 2012
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Blog, Securities Fraud
According to reports, George Elia of Ft. Lauderdale, Florida, who faces allegations of running a Ponzi scheme, has been arrested for wire fraud. The charges apparently relate to the various companies Elia started in 2000 out of Florida, including International Consultants and Investment Group Limited Corp.,
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March 29, 2012
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Blog, Securities Fraud
Lloyd Thomas Mincy, Jr., a former financial adviser and registered representative of Centaurus Financial Inc., was recently suspended and fined by the Financial Industry Regulatory Authority (FINRA) over allegedly misrepresenting guaranteed returns on variable annuities to several investors. These allegedly fraudulent
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March 29, 2012
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Blog, Current Investigations, Securities Fraud
Are you concerned about your investment in Cornerstone Core Properties REIT? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration. It is being reported that investors in the Cornerstone Core Properties REIT Inc. were told this month by the company that the shares, once
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March 28, 2012
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Blog, Securities Fraud
Wadsworth Investment Co. reportedly has been told by the Connecticut state Department of Banking that it has “…90 days to make changes in its operation or risk losing its broker-dealer registration.” The report from the local news outlet myrecordjournal.com, further indicates that a Feb.7th ruling ordered
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March 28, 2012
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Blog, Securities Fraud
Cadaret Grant, one of the nation’s largest independent broker-dealers, was recently fined by FINRA and ordered to pay a $200,000 fine, as well as further restitution to investors, for the improper sale of variable annuities to elderly clients. According to the announcement from FINRA, from 2006 to 2008, one of
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March 28, 2012
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Blog, Securities Fraud
It is being reported that Jeffrey A. Wicks, a financial advisor in Somerset County, has been ordered to spend 90 days in jail for a Ponzi scheme to bilk more than $750,000 from two couples. Wicks allegedly took a total of $804,365.99 from two couples, taking advantage of his trusted role as the two couples’ …
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March 27, 2012
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Blog, Securities Fraud
According to reports, Joseph Stephen Fabian, a financial advisor from Gobles, Mich., was sentenced to 92 months in prison for defrauding 30 clients out of $4.8 million. These same reports indicate that some of the victims were supporting special needs children or people with health problems. Apparently, Fabian, who
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March 27, 2012
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Blog, Securities Fraud
Have you suffered investment losses in an American Investment Exchange tenant in common or co-ownerships real estate investment? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration. The White Law Group is investigating potential securities fraud claims involving
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