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August 25, 2014
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Blog, Securities Fraud
According to the Associated press, the president of DBSI, David Swenson, was sentence to 20 years in federal prison by District Judge B. Lynn Winmill. The company’s former legal counsel, Mark Ellison, was sentenced to five years. “Winmill said Wednesday that he didn’t believe the defendants set out
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April 17, 2014
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Blog, Securities Fraud
According to reports, CEO and president of DBSI, Douglas L. Swenson, was convicted of thirty-four counts of wire fraud and forty-four counts of securities fraud. Three other top DBSI executives were also convicted on multiple fraud charges. The jury convicted Ellison, 65, of Boise, David Swenson, 36, of Boise, and
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April 8, 2014
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Blog, Securities Fraud
According to InvestmentNews, broker-dealer Berthel Fisher & Co. Financial Services Inc., “one of the biggest seller of DBSI TICs,” recently settled a lawsuit with the DBSI Private Action Trust. According to the report, “The trustee in 2010 sued Berthel Fisher and almost 100 other
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March 27, 2014
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Blog, Securities Fraud
According to The Associated Press, the DBSI trial is on hold after FBI agent, Rebekah E. Morse, died of a self-inflicted gunshot to the head following her testimony. Authorities have not released the details of Morse’s suicide note, and it is unknown if her testimony had any bearing on her death. However, the
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October 23, 2013
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Blog, Securities Fraud
High Risk Alternative Investments If you suffered losses in any of these high risk alternative investments, the attorneys of The White Law Group may be able to help. The White Law Group continues to investigate the liability that brokerage firms may have for unsuitably recommending that their clients invest in high
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April 12, 2013
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Blog, Securities Fraud
Are you still trying to recover from financial losses as a result of investments made in DBSI products? If so, The White Law Group may be able to help you recover your losses. According to a press release from the US Attorney’s Office of Idaho the CEO of DBSI, Inc., Douglas Swenson, and three top …
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March 9, 2012
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Blog, Securities Fraud
Have you suffered investment losses in a DBSI TIC 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 against the broker-dealers that improperly or unsuitably recommended tenant in common
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August 26, 2011
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Blog, Securities Fraud
DBSI REIT Securities Investigation The White Law Group is continuing to pursue securities fraud claims against broker-dealers who invested their clients’ funds in DBSI TIC (tenants in common) and DBSI REIT investments. In April, the firm filed a Financial Industry Regulatory Authority (FINRA) arbitration statement
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June 1, 2011
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Blog, Securities Fraud
According to the Investment News, Omni Brokerage Inc., based in South Jordan, Utah, said at the end of April it would withdraw its registration with the Financial Industry Regulatory Authority Inc., according to its profile on BrokerCheck. Omni reported a net loss of $356,000 last year on total revenue of $3 million.
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April 26, 2011
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Blog, Securities Fraud
According to the Investment News, another independent broker-dealer that sold high-risk private placements is hanging on by a thread, with the firm’s management stating grave concerns about the B-D’s future. CapWest Securities Inc. reported in its most recent filing with the Securities and Exchange
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