Ponzi Scheme

Former Sigma Financial Corporation Broker Frederick Randhahn Woodbridge Group of Companies Losses

Posted on Tuesday, December 3rd, 2019 at 2:55 pm    

Erez Law is currently investigating former Sigma Financial Corporation broker Frederick Randhahn (CRD# 1338801) regarding Woodbridge Group of Companies, LLC investment losses. Randhahn was registered with Sigma Financial Corporation in Ogden, Utah from 2012 to August 2018, when he was terminated regarding, “Firm has reason to believe the representative sold unapproved investments to customers.” In […]

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Erez Law Files Claim Against Raymond James & Associates, Inc. for Biscayne Capital Related Losses

Posted on Tuesday, November 19th, 2019 at 2:24 pm    

Erez Law recently filed a FINRA arbitration claim against Raymond James & Associates, Inc. on behalf of a retired customer who suffered losses due to investments in securities sold to him by Raymond James & Associates, Inc. in Biscayne Capital BVI and/or Biscayne Capital related companies. The claim alleges that Raymond James & Associates, Inc. […]

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Former Woodbridge Group of Companies CEO Sentenced to 25 Years in Prison for Running $1.3 Billion Ponzi Scheme

Posted on Wednesday, October 16th, 2019 at 9:59 am    

In October 2019, Robert Shapiro, the former CEO of Woodbridge Group of Companies, was sentenced to 25 years in prison. In August 2019, Shapiro pled guilty to tax evasion and running a $1.3 billion fraud that caused more than 9,000 investors to lose money. The Woodbridge Group of Companies scheme ran from July 2012 until […]

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Barred Former LPL Financial LLC Broker James Booth Faces 23 Pending Customer Complaints for Alleged Ponzi Scheme

Posted on Tuesday, October 1st, 2019 at 2:21 pm    

Were you the victim of former LPL Financial LLC broker James Booth (CRD# 1906145)? Booth was registered with LPL Financial LLC in Norwalk, Connecticut from February 2018 to June 2019, when he was terminated regarding, “Recently hired independent contractor representative admitted to course of conduct beginning while associated with previous member firm involving the misappropriation […]

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Were You the Victim of the Argyle Coin, LLC Ponzi Scheme?

Posted on Monday, September 16th, 2019 at 8:24 pm    

In May 2019, the Securities and Exchange Commission (SEC) announced it obtained a court order halting an ongoing $30 million Ponzi scheme that targeted more than 300 investors in the U.S. and Canada. The south Florida-based Argyle Coin, LLC, was a purported cryptocurrency business, and its principal Jose Angel Aman is alleged to use investor […]

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Former Securities America, Inc. Broker Hector Sentenced to 13 Years in Prison for Ponzi Scheme

Posted on Tuesday, August 27th, 2019 at 7:32 pm    

In July 2019, former Securities America, Inc. broker Hector May (CRD# 323779) was sentenced to 13 years in prison. May was also ordered to pay $8.4 million in restitution. May is accused of stealing $11.5 million from more than 15 investors in a Ponzi scheme. It is alleged that May induced investors to turn over […]

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Global Credit Recovery Losses with Former Park Avenue Securities Broker John Howley?

Posted on Monday, August 19th, 2019 at 8:05 pm    

Erez Law is currently investigating former Park Avenue Securities broker John Howley (CRD# 2229244) regarding Global Credit Recovery losses. Howley has been registered with Park Avenue Securities in Rumson, New Jersey from 1999 to 2018, when he was terminated regarding, “Violated Firm’s rules by (i) failing to disclose private securities transactions and (ii) referring of […]

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GPB Capital Holdings Investment Losses

Posted on Monday, August 12th, 2019 at 2:17 pm    

GPB Capital Holdings is a New York-based investment firm that offers exempt, private-placement securities that inherently have a high degree of risk due to their nature as unregistered securities offerings (and without regulatory oversight). The investment firm raised $1.8 billion from investors through private placements that invested in automotive dealerships, the waste management industry, and […]

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GPB Capital Holdings Business Partner Filed Case Alleging Serious Financial Misconduct

Posted on Wednesday, August 7th, 2019 at 8:10 pm    

In July 2019, it was reported that one of GPB Capital Holdings’ David Rosenberg, a former business partner and chief executive of Prime Automotive Group, filed a case against the firm, alleging serious financial misconduct. The report alleged that GPB Capital Holdings tried to push Rosenberg out after he complained to the Securities and Exchange […]

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GPB Capital Holdings Losses with Former MML Investors Services, LLC Broker Oscar Francis

Posted on Monday, July 29th, 2019 at 2:40 pm    

Former MML Investors Services, LLC broker Oscar Francis (CRD# 5094722) is alleged to recommend unsuitable investments in GPB Capital Holdings. Francis was registered with MML Investors Services, LLC in Ft Lauderdale, Florida from 2008 to 2017, when he was terminated regarding, “Terminated in connection with an investigation into an undisclosed outside business activity, potential selling […]

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