DBSI ponzi scheme
Tag Archive

  • DBSI President Sentenced to Federal Prison

    August 25, 2014 Comments (0) 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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  • DBSI Executives Found Guilty

    April 17, 2014 Comments (0) 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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  • Update on DBSI Inc Trial

    March 27, 2014 Comments (0) 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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  • DBSI Executives Indicted

    April 12, 2013 Comments (0) 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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  • Recovery of DBSI Investment Losses

    December 10, 2010 Comments (0) Blog, Securities Fraud

    The White Law Group is currently investigating numerous securities fraud claims involving DBSI and DBSI tenants-in-common investments.  Specifically, the firm is investigating whether the broker-dealers that recommended DBSI to its clients failed to perform the necessary due diligence on DBSI prior to recommending it

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  • Recovery of Ponzi Scheme Investment Losses

    November 12, 2010 Comments (0) Blog, Securities Fraud

    If you have suffered investment losses in a Ponzi scheme recommended to you by your financial advisor or stockbroker, The White Law Group may be able to help. A Ponzi scheme, or pyramid scheme, is a fraudulent investment operation that pays returns to separate investors from their own money or money paid by subsequent

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