Tag Archives: Boca Raton Investment Fraud Attorney
Precious Metals Just as Risky as Other Investments
Gold, silver and other precious metals are often considered “safe” investments relative to stocks and securities. But there is no such thing as a no-risk investment. Precious metals are subject to price fluctuations like any other investment. More importantly, not all precious metal investments are the same. Often, people purchase gold and silver through… Read More »
How Do I Get My Money Back?
Investment fraud is sadly commonplace. Every year people fall victim to Ponzi schemes, insider trading, corporate misconduct, “boiler rooms,” and other types of securities fraud. If you are the customer at the losing end of such scams, your first question will be, “Can I get my money back?” The answer is often not so… Read More »
SEC Charges Broker with Making False Sales of Facebook, Twitter Shares
Many investors hope to strike it big by investing in a hot initial public offering (IPO). But high demand for an IPO can also open the door for unscrupulous brokers to take advantage of investors. Recently the U.S. Securities and Exchange Commission filed a civil lawsuit against a California stockbroker accused of falsely promising… Read More »
SEC Charges New York Real Estate Investor with Securities Fraud
On December 12th, the U.S. Securities and Exchange Commission charged a New York man with securities fraud in connection with his now-bankrupt real estate investment company. The SEC claims David L. Fleet, former owner of Cornerstone Homes, Inc., cheated over 300 “mostly elderly, unsophisticated investors” out of more than $16 million. The SEC is… Read More »
Prosecutors Extradite Accused Ponzi Scheme Operator from Brazil to Florida
On Dec. 8, former Miami Beach concert promoter Jack Utsick made his first appearance in federal court on eight counts of mail fraud related to a Ponzi scheme he ran for nearly 10 years. Utsick previously settled civil charges with the U.S. Securities and Exchange Commission related to the scheme. But four years ago,… Read More »
SEC Attacks Social Media-Based Investment Schemes
On November 12, the U.S. Securities and Exchange Commission announced administrative charges against two Indian nationals who allegedly ran a “high-yield investment scheme” designed to lure customers through social media. According to an SEC order, the Commission’s Division of Enforcement believes the two men utilized a highly trafficked website, together with YouTube, Twitter, Facebook… Read More »
Black Diamond Ponzi Scheme
Three more members of the infamous Black Diamond Ponzi Scheme were sentenced to prison and ordered to pay millions in restitution to victims. Within the Ponzi scheme, the members claimed that they were a legitimate hedge fund operating in North Carolina, and it came crashing down in 2012 after the operation lost over $40… Read More »
