Ponzi scheme red flags include guaranteed returns that never vary, vague explanations of how money is invested, and resistance when investors try to withdraw funds. These patterns appear across virtually every fraudulent scheme because they share the same structural flaw: … Continue reading
Barred former Wells Fargo broker James Seijas (CRD# 2392901) is alleged to play a pivotal role in the $35 million Ponzi scheme with the Q3 Trading Club. He was registered with Wells Fargo in Short Hills, New Jersey from 2013 … Continue reading
Can you recover investment losses due to recommendations by broker Stephen Swensen (CRD# 2885578) regarding the Crew Capital Ponzi scheme? He was registered with J.W. Cole Financial, Inc. in Clearfield, Utah, from May to July 2018, and with Allegis Investment … Continue reading
Were you the victim of former Spartan Capital Securities, LLC broker Gabriel Edelman (CRD# 5778763), who is accused of unsuitable investment recommendations? He was registered with Spartan Capital Securities, LLC in New York, New York, from 2010 to 2019. In … Continue reading
In May 2023, former clients of Oppenheimer & Co., Inc. won an award in a FINRA arbitration for $6.9 million in compensatory damages plus interest until the date of payment of the award as well as $6.9 million in punitive … Continue reading
In March 2023, FINRA censured and fined Hornor Townsend & Kent $180,000 for falling short in supervising a registered representative who recommended Future Income Payments, which turned out to be a Ponzi scheme. Future Income Payments was a structured cash … Continue reading
In March 2023, a former client of Oppenheimer & Co., Inc. won an award in a FINRA arbitration for compensatory damages for $1,483,670 for losses sustained from investments in the Horizon Private Equity III fund. The claimants originally sought $2.5 … Continue reading
Former PFS Investments Inc. broker Steven Hirata (CRD# 1188927) faces a customer complaint for an alleged Ponzi-scheme. He has been registered with PFS Investments Inc. in Fresno, California from 2010 to 2021, when he was terminated regarding, “representative admitted to … Continue reading
Can I recover losses from investments with former Henley & Company LLC broker Barbaraann Bernatzky (CRD# 2535421) regarding her involvement in a Ponzi scheme. She has been registered with Henley & Company LLC in Shoreham, New York from 2006 to … Continue reading
Erez Law is currently investigating former Morgan Stanley broker Shawn Good (CRD# 2022168) regarding a 10-year Ponzi scheme. He was registered with Morgan Stanley in Wilmington, North Carolina from 2012 to 2022. Public records indicate that he was terminated by … Continue reading