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March 1, 2016
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Blog
What Is A Ponzi Scheme? Names after Charles Ponzi, a Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi schemes organizers often solicit new investors by promising to invest funds in opportunities claimed to generate
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October 2, 2012
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Blog, Securities Fraud
Have you suffered investment losses in a Derivium Capital investment? If so, The White Law Group may be able to help you recover your losses through FINRA arbitration. Lawsuits have already been filed alleging that two companies, Derivium Capital, LLC and Bancroft Ventures, LLC, engaged in a “fraudulent . . .
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April 9, 2012
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Blog, Securities Fraud
It is being reported that Gregory Bartko, a former Atlanta securities broker and lawyer, was recently sentenced to 23 years in prison after being found guilty of defrauding 200 investors out of $3.3 million. According to the reports, Bartko was sentenced April 4 in Federal District Court in Raleigh, N.C., for his part
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April 3, 2012
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Blog, Securities Fraud
According to reports, Brian Keith Miller, a former securities broker and financial adviser, has been indicted on federal charges in connection with an alleged Ponzi scheme. A federal indictment alleges that from April 2007 through March 2010 Miller conducted a “scheme to defraud numerous individuals by
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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 5, 2012
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Blog, Securities Fraud
As a result of a FINRA investigation, Park Avenue Securities LLC was recently censured and fined $175,000. Without admitting or denying the findings, Park Avenue Securities consented to the described sanctions and to the entry of findings that it conducted an inadequate investigation of its representatives’
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January 26, 2012
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Blog, Securities Fraud
The Financial Industry Regulatory Authority (FINRA) announced that it has fined Merrill Lynch, Pierce, Fenner & Smith Inc., $1 million for supervisory failures that allowed a registered representative at Merrill Lynch’s branch office in San Antonio, Texas, to use a Merrill Lynch account to operate a Ponzi
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January 24, 2012
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Blog, Securities Fraud
On January 23, 2012, the Securities and Exchange Commission issued an Order Instituting Administrative Proceedings Pursuant to Section 15(b) of the Securities Exchange Act of 1934 and Sections 203(e) and 203(f) of the Investment Advisers Act of 1940, Making Findings, Imposing Remedial Sanctions and a Censure Order as
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