A Ponzi Scheme in the Wild West

Following consumer complaints, investment companies DC Wealth Management Inc. and DC Associates Inc. have been shut down by Montana regulators amid allegations of a Ponzi scheme. Allegations indicate Donald Chouinard defrauded investors of $1.5 million. The ex-LPL Financial was fired in May following dramatic losses for clients and a $250,000 commission boost for Chouinard. Walking on the wild side could get this advisor in big trouble. Read the full Investment News story here. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090921/FREE/909219995/1094/INDaily01

September 23, 2009 In: Uncategorized Comments (None)