Ponzi Scheme

Former Lincoln Investment Planning, LLC Broker Lester Burroughs Accused of Investment Fraud

Posted on Thursday, January 9th, 2020 at 11:45 am    

Erez Law is currently investigating former Lincoln Investment Planning, LLC broker Lester Burroughs (CRD# 1413972) regarding securities fraud. Burroughs was registered with Lincoln Investment Planning, LLC in Torrington, Connecticut from 2012 to 2019, when he was terminated regarding, “On Dec 5, 2019 Lincoln became aware of charges filed on December 4, 2019 by the U.S. […]

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Were You the Victim of a Ponzi Scheme with Former Securities America, Inc. Broker Ronald Roach?

Posted on Friday, January 3rd, 2020 at 1:08 pm    

Former Securities America, Inc. broker Ronald Roach (CRD# 3216784) was barred by FINRA for his role in a Ponzi scheme that defrauded investors of about $1 billion. Roach was registered with Securities America, Inc. in Walnut Creek, California from 2009 to 2019, when he was terminated regarding, “The representative pled guilty to two felonies including […]

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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 35 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)? It is alleged that Booth stole funds from several customers during a five-year period through May 2019. Booth was registered with LPL Financial LLC in Norwalk, Connecticut from February 2018 to June 2019, when he was terminated regarding, “Recently hired independent […]

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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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