Category: Securities Fraud

ATTORNEY NEWSLETTER Securities and Exchange Commission Announces $6 Million In Awards  Two Whistleblowers Rewarded For Assisting Investigations $956 Million Awarded Since SEC Whistleblower Program Began Assistance and information from whistleblowers who know of possible securities law violations are among the most powerful weapons in the law enforcement arsenal of the […]

ATTORNEY NEWSLETTER Federal Grand Jury Returns 11-Count Indictment Elderly Investors Allegedly Gave Suspect $12 Million To Invest Money Allegedly Spent On Suspect’s Lavish Lifestyle Financial elder abuse by financial advisors, brokers, investment promoters and others ranges from one-off fraud against individual seniors to fraudulent schemes that target seniors as a […]

ATTORNEY NEWSLETTER SEC Has Rewarded More Than $928 Million To Whistleblowers 166 Individuals Have Received Rewards Whistleblowers Remain Anonymous And Confidential The Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”), Pub. L. 111-203, created the Whistleblower Office of the U.S. Securities and Exchange Commission (SEC) in 2010 to encourage […]

ATTORNEY NEWSLETTER Attorney General Bonta Brings Charges 15 Individuals Charged With Ponzi Scheme Targeting Elderly Elderly Investors Allegedly Defrauded Out Of $5 Million Statistics show that seniors are more vulnerable to investment fraud than younger investors.  When they are, the actions of the wrongdoer also constitute financial elder abuse in […]

ATTORNEY NEWSLETTER Registered Broker Admits Stealing From 73-Year-Old Client Allegedly Convinced Client To Open Joint Account Unauthorized Withdrawals Over Two-Year Period Fraud against older investors by their financial advisors and brokers has become an all too frequent occurrence in recent years.  Unscrupulous advisors use an older client’s memory problems, loss […]

ATTORNEY NEWSLETTER CFTC Alleges Fraud On Investors Agency Alleges Fraudulent Solicitation And Registration Investor Money Allegedly Spent By Fund Promoter The U.S. Commodities Futures Trading Commission (CFTC) oversees trading in commodities, options, futures and currencies.  See Commodity Exchange Act, 7 U.S.C. § 1 et seq. and 17 C.F.R. Part 1 […]

ATTORNEY NEWSLETTER Elders Encouraged To Liquidate Retirement Savings  $2.7 Million Scheme Targeted Older Investors Scheme Continued For Six Years In a Ponzi scheme, fraudsters use money they collect from new investors to pay existing investors. What appears to be a return on your investment is actually money from another investor […]

ATTORNEY NEWSLETTER Caregiver Allegedly Made Withdrawals With Senior’s ATM Card Stolen Money Sent Out Of United States Another Caregiver Alerts Police Forced isolation of seniors here in Alameda County as a result of the coronavirus has increased senior and dependent vulnerability to abuse from all directions and separated seniors from […]

ATTORNEY NEWSLETTER CFTC Alleges $143 Million In Bitcoin Fraud British Trader Collected 22 Million In Bitcoin From 169 U.S. Customers Victims Lost All Their Bitcoin As A Result of Scheme The U.S. Commodities Futures Trading Commission (CFTC) polices trading in virtual currencies also referred to as digital currency or digital […]

ATTORNEY NEWSLETTER Whistleblowers Are Effective Enforcement Tools Record Awards False Claims Act Cases Take A long Time A whistleblower is someone who shares credible information about financial fraud, criminal activity, unsafe working conditions, false claims for payment, false certifications, or other improper conduct with a government agency.  Whistleblower cases are […]