Fraud

Former CoreCap Investments, Inc. Client Wins FINRA Arbitration for $1.2 Million for Losses Due to Investments With Ernest Romer II

Posted on Tuesday, May 14th, 2019 at 3:05 pm    

In March 2019, a former client of CoreCap Investments, Inc. won an award in a FINRA arbitration for $1,161,333, which included compensatory damages of $699,000, $72,720 in prejudgement interest, $118,573 in attorney fees, $15,000 in costs and the $300 filing fee. The investors were clients of financial advisor Ernest Romer II (CRD# 2311741). The causes […]

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Woodbridge Group of Companies $1 Billion Ponzi Scheme Execs Charged with Criminal Fraud

Posted on Tuesday, April 23rd, 2019 at 3:58 pm    

In April 2018, the Securities and Exchange Commission (SEC) charged the Woodbridge Group of Companies execs with criminal fraud. Woodbridge Group of Companies former owner and CEO Robert Shapiro, as well as directors Ivan Acevedo and Dane Roseman were arrested on federal criminal charges for their roles in operating the $1 billion Ponzi scheme that […]

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Warning to Investors: Former HD Vest Investment Services Financial Advisor Jerry Raines Recommended Unsuitable Woodbridge Group of Companies Investment

Posted on Friday, April 12th, 2019 at 1:07 pm    

Erez Law is interested in speaking with investors who may have suffered losses due to investments with former HD Vest Investment Services financial advisor Jerry Raines (CRD# 4578689), who is alleged to recommend his client invest in Woodbridge Group of Companies. Raines was registered with HD Vest Investment Services in Kilgore, Texas from 2014 to […]

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Investigation of Former Hornor, Townsend & Kent, Inc. Financial Advisor Thomas Sova

Posted on Saturday, March 30th, 2019 at 10:14 am    

Erez Law is interested in speaking with investors who may have suffered losses due to investments with former Hornor, Townsend & Kent, Inc. financial advisor Thomas Sova (CRD# 431135) regarding Woodbridge Group of Companies losses. Sova was registered with Hornor, Townsend & Kent, Inc. in Baton Rouge, Lousiana from 2007 to 2018, when he was […]

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Westport Capital Markets, LLC Financial Advisor Christopher McClure Accused of Excessive Markups and Fees in Client Investment Accounts

Posted on Saturday, March 16th, 2019 at 11:08 am    

Erez Law is currently investigating Westport Capital Markets, LLC financial advisor Christopher McClure (CRD# 2289844) regarding excess fees. McClure has been registered with Westport Capital Markets, LLC in Westport, Connecticut since 2001. In November 2017, The Securities and Exchange Commission (SEC) alleged that McClure and Westport Capital Markets, LLC violated their fiduciary duty and defrauded […]

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Former Merrill Lynch Financial Advisor Thomas Buck Sentenced to 40 Months in Prison

Posted on Thursday, February 21st, 2019 at 8:43 am    

In February 2019, FINRA former Merrill Lynch, Pierce, Fenner & Smith financial advisor Thomas Buck (CRD# 1024868) to 40 months in prison following a guilty plea to one count of securities fraud in October 2017. Buck was registered with RBC Capital Markets, LLC in Indianapolis, Indiana from April to July 2015 and previously with Merrill […]

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Former Ameritas Investment Corp. Financial Advisor Kristian Gaudet Investment Losses

Posted on Thursday, February 21st, 2019 at 7:22 am    

Erez Law is currently investigating former Ameritas Investment Corp. financial advisor Kristian Gaudet (CRD# 4190811) regarding fraudulent activities that allegedly involved using client funds for personal use. Gaudet was registered with Ameritas Investment Corp. in Cut Off, Louisiana from 2003 to 2018, when he was terminated regarding, “Registered Representative was using client funds for personal […]

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Woodbridge Group of Companies Ordered to Pay $1 Billion For Operating Ponzi Scheme

Posted on Tuesday, February 12th, 2019 at 3:05 pm    

Were you the victim of the Woodbridge Group of Companies scheme? The Woodbridge Group of Companies was a southern California luxury real estate developer. It is alleged that unregistered brokers sold unregistered securities in the purchase and sale of securities. The company missed payments on notes sold to investors and filed chapter 11 bankruptcy in […]

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SEC Files Charges Against Texas Real Estate Developer Over Multi-Million Dollar Scheme

Posted on Tuesday, February 12th, 2019 at 2:57 pm    

In January 2019, The Securities and Exchange Commission (SEC) filed charges against Phillip Carter, a resident of Texas and real estate developer, as well as Bobby Guess (CRD# 1135068) and Richard Tilford and related entities for conducting a multi-million dollar offering fraud. The related entities included: North-Forty Development LLC North Forty Development, LLC Texas Cash […]

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Former Quest Capital Strategies, Inc. Client Wins FINRA Arbitration for $275,000 for Losses Due to Woodbridge Group of Companies Scheme

Posted on Tuesday, February 12th, 2019 at 2:31 pm    

In January 2019, a former client of Quest Capital Strategies, Inc. won an award in a FINRA arbitration for compensatory damages for $235,000 in compensatory damages and $41,226.46 in costs for losses sustained from investments in promissory notes of the Woodbridge Mortgage Investment Funds 1 and 2. The Woodbridge Group of Companies was a southern […]

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