Ponzi Scheme

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

Posted on Saturday, September 8th, 2018 at 1:00 pm    

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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Former Axiom Capital Management, Inc. Financial Advisor Jennifer Ling Aequitas Promissory Notes Losses

Posted on Wednesday, September 5th, 2018 at 8:26 am    

Did you lose money investing with former Axiom Capital Management, Inc. financial advisor Jennifer Ling (CRD# 3277203) in Aequitas-related promissory notes? Ling has been registered with Axiom Capital Management, Inc. in New York, New York from May 2015 to July 2017. In March 2016, the Securities and Exchange Commission (SEC) filed a complaint against Aequitas […]

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Five Charged by SEC with Selling Woodbridge Group of Companies and Reaping Millions in Commissions

Posted on Monday, August 27th, 2018 at 1:35 pm    

Erez Law is currently investigating financial advisors across the country who recommended their clients investment in the Woodbridge Group of Companies. In August 2018, the U.S. Securities and Exchange Commission charged four companies and five individuals – Barry M. Kornfeld (CRD# 1490377), Ferne Kornfeld (CRD# 4615990), Lynette M. Robbins (not registered with FINRA now or […]

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Ponzi Scheme Alert: Were You a Victim of DaRayl Davis and His $5 Million Ponzi Scheme?

Posted on Monday, August 13th, 2018 at 2:57 pm    

Were you a victim of financial advisor DaRayl Davis (CRD# 4934582) regarding a $5 million ponzi scheme that bilked 30 investors? Davis was registered with Investors Capital Corp. in Camp Springs, Maryland from 2006 to 2008 and has not been associated with any brokerage firm in the past decade. In December 2017, the Securities and […]

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Did Your Financial Advisor Recommend You Invest in DJBennett Convertible and Promissory Notes?

Posted on Wednesday, August 1st, 2018 at 9:09 am    

Erez Law is interested in speaking with investors who may have suffered losses due to investments with DJBennett convertible and promissory notes, which is linked to a $20 million Ponzi Scheme that bilked investors out of their life savings. It is alleged that elderly and financially unsophisticated investors were targeted by materially misrepresenting the company’s […]

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