by Justin Knapp | Apr 27, 2009 | People
Danny Pang of The Private Equity Management Group is being charged with defrauding investors out of hundreds of millions of dollars since 2003. In addition to his fraud the SEC complaint says that he lied about his education and prior career saying he was a former...
by Justin Knapp | Apr 21, 2009 | People
An investment adviser from the Philadelphia area is accused of misappropriating more than $23M of client funds. The proceeds were allegedly used to pay personal expenses related to horse ownership and racing, construction, boats, limousines, chartered aircraft and...
by Justin Knapp | Apr 20, 2009 | People
The request for $10M in funds to pay his defense team as he defends himself against allegations of a potentially massive fraud. The full NYtims.com article can be read here.
by Justin Knapp | Mar 30, 2009 | People
Stanford is denying any crime or Ponzi scheme as alleged by the SEC. “The SEC has cremated the Stanford companies and Stanford, partly to get over the embarrassment at their lack of oversight in the Madoff case,’’ DeGuerin [Stanford's Lawyer] said. “But this isn’t...
by Justin Knapp | Mar 2, 2009 | People
Marvin R. Cooper allegedly targeted members of the deaf community in a Ponzi scheme that raised $4.4M dollars. The SEC said that Cooper's company, Billions Coupons, held seminars at Community Centers where deaf people were targeted. The SEC claims that Cooper took...
by Justin Knapp | Feb 26, 2009 | People
The ex-CEO of Qwest Communications International Inc., Joseph Nacchio was fired from his post after the discovery of $2.5B in improperly booked revenue. After his court of appeals hearing, Nacchio's 19 counts of insider trading were confirmed. This means that he...
