by Justin Knapp | Oct 19, 2009 | Uncategorized
Pennsylvania advisor Frank Peperno took money from his securities business, put it in a business bank account, and used some of it to purchase a gym. Frank, FYI the Feds consider this money laundering. You can’t chalk this up to good physical fitness. See the...
by Justin Knapp | Oct 19, 2009 | Uncategorized
In an effort to offload some blame for his notorious $7 billion financial scandal, R. Allen Stanford fingered two former advisors who served at his firm. The two men are being sued for more than $11 million that must be returned to clients. Perhaps the lawsuits...
by Justin Knapp | Oct 19, 2009 | Uncategorized
A pro on the ice got frozen out of $60 million in this scam. Former Detroit Red Wings hockey player Sergei Fedorov is suing to recover his millions lost in apparent penalty-laden investment mismanagement. See the Investment News story here....
by Justin Knapp | Oct 14, 2009 | Uncategorized
Here’s tip number one when you’re on the run from the U.S. Justice Department: Refrain from updating your Facebook page with your whereabouts and hijinx. Tip number two: Don’t friend Justice Department officials. Fraud guru Maxi Sopo hadn’t brushed up on these rules...
by Justin Knapp | Oct 12, 2009 | Uncategorized
The same investment guy who is charged with scamming clients out of $1.5 million and then purposely crashed his own plane is now writing a book about how his bipolar disorder contributed to his downfall… How precious is this? Wonder how his mental health would be...
by Justin Knapp | Oct 12, 2009 | Uncategorized
Out of federal prison for mail fraud, Nicholas Cosmo allegedly proceeded to bilk $400 million in a Ponzi scam. While on house arrest, he then broke the terms of release in a variety of ways. This guy couldn’t abide by an order if his life depended on it… well,...
