Blog
Powerful Female Persuasion
It’s said that New Castle Funds’ Danielle Chiesi leveraged her uniquely female attributes to woo insider tips from company executives. And not only did she regularly finesse her way to advantageous information – she boasted of her relationship-building to colleagues....
Scott Rothstein Could Inspire a New Season of “The Sopranos”
Practically ripped from the script of a Mafia classic, Scott Rothstein is finally slapped with numerous charges related to an alleged investment scheme, including RICO charges. According to FBI investigators, Rothstein has cooked up quite an elaborate system of phony...
TD Bank Sucked Into Rothstein Quagmire
The Scott Rothstein saga in Fort Lauderdale has now ensnared TD Bank. The Canadian financial company is now the target of a $100 million lawsuit claiming the bank was complicit in the Rothstein Ponzi scheme. Apparently enormous sums of money were passing through the...
Track Record Selling Bogus Bonds
With several years under his belt of peddling bogus bonds, Jeffrey Southard of New Jersey is a master of illusion. But one thing is for real: He’ll spend 97 months in federal prison for his crimes. Most recently, he was convicted and sentenced for his role in a...
Laissez Les Bons Temps Roulez
That’s French for let the good times roll all over innocent investors. Louisiana businessman William Chaucer Jr. is said to have concocted a wide-reaching Ponzi scheme to the tune of $11 million. Thanks to his good fortune and his clients unwitting cooperation, Mr....
Hint: 1000% Returns Could Be Unrealistic
Hard to believe investors actually fall for this, but it’s true. A couple of Omaha companies were promising clients 1000% annual returns. The Nebraska Department of Banking and Finance ordered them to discontinue sales and the circumstances are suspicious. Going...
Sneaky Switcheroo
Unbeknownst to her, William Blair client Josephine DesPart’s account status was changed from non-discretionary and commission-based to discretionary and fee-based. On top of it all, the two former William Blair brokers set up a fake email account where her account...
Fleecing Central Meets the Big Screen
Drama isn’t just for the movie set in Nicolas Cage’s world. He filed a lawsuit against his former manager, Samuel Levin for incompetence seeking $20 million in damages. Cage is facing financial ruin, but he’s also facing a counter suit from Levin for fees due to him...