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March 26, 2018
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Blog, Current Investigations, Securities Fraud
Ex-Brokers Christopher Cervino & Larry Werbel to pay clients $845,000 According to the Financial Industry Regulatory Authority (FINRA), two ex-brokers involved in a securities fraud scheme last year have been ordered to pay $845,000 to two clients they allegedly defrauded. Christopher Cervino and Larry Werbel were
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June 16, 2017
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Current Investigations, Securities Fraud
Ex-Ameritas Advisor Sheif F. Khan Barred from Securities Industry According to an order, the Securities and Exchange Commission has barred former Ameritas adviser Sheik Khan from the securities industry. Khan of Pasadena, CA was found guilty of securities fraud by a federal court in New York in March. The case
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March 27, 2017
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Securities Fraud
Recovery of Investment Losses in VGTel According to Investment News, broker Christopher Cervino of Franklin Lakes, N.J., and Sheik F. Kahn, a registered investment adviser in Las Vegas, NV, have been found guilty of securities fraud by a federal court in New York. As we told you last January, the case involves 100
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December 6, 2016
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Blog, Securities Fraud
Christopher Cervino, 43, faces fraud and other charges for his alleged involvement in a scheme to trade stock at inflated prices, according to reports. Authorities allege the plan was masterminded by a man previously convicted in another stock scam. Authorities say Cervino allegedly accepted two payments equaling
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January 18, 2016
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Blog, Securities Fraud
The White Law Group continues to investigate potential claims on behalf of investors duped by Edward Durante and his associates. According to Cleveland.com, on Dec. 18th, Durante was arrested in Germany an extradited to the U.S. Durante is accused of orchestrating a scheme that netted $15 million, $9 million of which
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January 8, 2016
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Blog, Securities Fraud
The Securities and Exchange Commission (SEC) has charged Edward Durante with operating a multi-year offering fraud that swindled investors out millions. According to a press release, the SEC complaint alleges that between 2012 and 2014, Durante defrauded “relatively unsophisticated investors” out of at
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