by Justin Knapp | Dec 1, 2009 | Uncategorized
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...
by Justin Knapp | Dec 1, 2009 | Uncategorized
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...
by Justin Knapp | Nov 21, 2009 | Uncategorized
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....
by Justin Knapp | Nov 21, 2009 | Uncategorized
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...
by Justin Knapp | Nov 21, 2009 | Uncategorized
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...
by Justin Knapp | Nov 18, 2009 | Uncategorized
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...
