Ponzi Scheme

Were You The Victim of Former Independent Financial Group, LLC Financial Advisor Jon Pariser?

Posted on Tuesday, May 14th, 2019 at 2:43 pm    

Barred former Independent Financial Group, LLC financial advisor Jon Pariser (CRD# 2755015) is accused of running a Ponzi scheme. Pariser was registered with Independent Financial Group, LLC in Pacific Grove, California from 2014 to May 2018. Previously, he was registered with SWS Financial Services, Inc. in Pacific Grove, California from 2013 to July 2014, when […]

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Former Securities America, Inc. Financial Advisor Hector May Barred by SEC For Running Ponzi Scheme

Posted on Saturday, March 30th, 2019 at 10:27 am    

Former Securities America, Inc. financial advisor Hector May (CRD# 323779) barred by the Securities and Exchange Commission (SEC) regarding a Ponzi scheme that defrauded many people including elderly investors. May was registered with Securities America, Inc. in New City, New York from 1998 to 2018 and with Securities America, Inc. from 1994 to 1998, when […]

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Did You Lose Money Investing in Aequitas with Former RP Capital LLC Financial Advisor Aaron Maurer?

Posted on Saturday, March 30th, 2019 at 10:57 am    

Erez Law is currently investigating former RP Capital LLC financial advisor Aaron Maurer (CRD# 3007121) regarding Aequitas investment losses. Maurer has been registered with Ascendant Alternative Strategies, LLC in Austin, Texas since June 2018. Previously, Maurer was registered with Stephen A. Kohn & Associates, Ltd. in Lakewood, Colorado from April to May 2018 and with […]

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Former Wells Fargo Financial Advisor John Schmidt Barred by the SEC

Posted on Thursday, March 21st, 2019 at 2:39 pm    

In March 2019, former Wells Fargo financial advisor John Schmidt (CRD# 708094), who was recently charged with running a $1 million Ponzi Scheme, was barred by the Securities and Exchange Commission (SEC). In December 2018, Schmidt was charged with 128 felony counts, including: 124 counts of Forgery Two counts of Theft From an Elderly or […]

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Former MSI Financial Services, Inc. Financial Advisor Floyd Powell Barred By FINRA Over Woodbridge Group of Companies Ponzi Scheme

Posted on Thursday, February 21st, 2019 at 8:17 am    

In February 2019, FINRA barred Former MSI Financial Services, Inc. financial advisor Floyd Powell (CRD# 2220029) related to investment losses due to his recommendations in the Woodbridge Group of Companies, which is now a known Ponzi Scheme. Powell has been registered with MML Investors Services, LLC in Albertville, Alabama from March 2017 to February 2018 […]

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Former Wells Fargo Financial Advisor John Schmidt Charged with $1 Million Ponzi Scheme

Posted on Wednesday, January 9th, 2019 at 7:19 pm    

Former Wells Fargo financial advisor John Schmidt (CRD# 708094) was charged with running a $1 million Ponzi Scheme. In December 2018, Schmidt was charged with 128 felony counts, including: 124 counts of Forgery Two counts of Theft From an Elderly or Disabled Adult >$150,000 One count of Telecommunications Fraud >$150,000 but <$1,000,000 One count of […]

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Former Wells Fargo Advisors, LLC, Wachovia Securities, LLC, Wells Fargo Clearing Services, LLC, and Wells Fargo & Company Clients Win FINRA Arbitration for $430,000 for Losses Due to Bradley Smegal’s Ponzi Scheme

Posted on Monday, November 19th, 2018 at 11:43 am    

In October 2018, former clients of Wells Fargo Advisors, LLC, Wachovia Securities, LLC, Wells Fargo Clearing Services, LLC, and Wells Fargo & Company won an award in a FINRA arbitration for compensatory damages for $430,000 for losses sustained from Wells Fargo Advisors, LLC, Wachovia Securities, LLC, Wells Fargo Clearing Services, LLC, and Wells Fargo & […]

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Were You a Ponzi Scheme Victim of Former Wells Fargo Financial Advisor John Schmidt?

Posted on Wednesday, October 17th, 2018 at 4:16 pm    

Former Wells Fargo financial advisor John Schmidt (CRD# 708094) is accused of defrauding retail brokerage customers out of more than $1 million in a long-running Ponzi-like scheme. Schmidt was registered with Wells Fargo Advisors Financial Network, LLC in Dayton, Ohio from 2006 to November 2017 when he was terminated regarding, “Wells Fargo Advisors Financial Network […]

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Were You A Ponzi Scheme Victim with Former UBS Financial Services Inc. Financial Advisor John MacColl?

Posted on Saturday, September 22nd, 2018 at 9:23 am    

Erez Law is currently investigating former UBS Financial Services Inc. financial advisor John MacColl (CRD# 839441) regarding losses sustained from a Ponzi-like scheme that bilked at least 15 investors out of $4 million. MacColl was registered with UBS Financial Services Inc. in Birmingham, Michigan from 2006 to March 2018, when he was terminated regarding, “FA […]

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Did Former SA Stone Wealth Management Inc. Financial Advisor Christopher Wendel Recommend Woodbridge Group of Companies?

Posted on Wednesday, September 12th, 2018 at 9:58 am    

Former SA Stone Wealth Management Inc. financial advisor Christopher Wendel (CRD# 1930870) is alleged to be involved in the $1.22 billion Woodbridge Group of Companies Ponzi Scheme. Wendel was registered with SA Stone Wealth Management Inc. in Celina, Ohio from 2014 to September 2017, when he was terminated regarding, “Violated firm policy regarding selling away.” […]

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