by Justin Knapp | Sep 21, 2009 | Uncategorized
A Federal judge sentenced Stephan Wilson, 45 to nearly 20 years in prison following his role in scheming more than 80 clients out of millions of dollars. His promise? An 18 to 24 percent return on an investment fund. Not only were his promises empty – now his...
by Justin Knapp | Sep 21, 2009 | Uncategorized
Investors seeking class action status are suing trustees of Medical Capital Holdings, Wells Fargo and Bank of New York Mellon. Medical Capital has already been charged by the SEC with fraud. Get a load of the sordid details in the full Investment News story, complete...
by Justin Knapp | Sep 21, 2009 | Uncategorized
A supposedly conservative bond fund owned by a widowed 72-year old Deutsche Bank client turned out to have a risky alter ego. A $500,000 initial investment in June 2007 had nearly vanished by February 2009, a substantial loss for the client’s marital trust. Deutsche...
by Justin Knapp | Sep 21, 2009 | Uncategorized
Wells Fargo Senior Vice President Cheronda Guyton hosted guests at a lavish $12 million beach house. The only problem was that the home didn’t belong to Ms. Guyton. The 3800 square foot home was turned over to the bank by its owners who were victimized by Bernard...
by Justin Knapp | Sep 21, 2009 | Uncategorized
Nursing home resident and 20-year client of John Edward Mullins was swindled out of more than $11,000. The 97-year-old client was admitted to a nursing home in 2006 and soon after, Mr. Mullins began taking advantage of the elderly client’s assets. The former Morgan...
by Justin Knapp | Sep 21, 2009 | Uncategorized
The state of Texas gets a whopping $12.7 million settlement from Merrill Lynch following the state’s investigation of the firm’s questionable marketing of auction rate securities (ARS) as cash-like and easy-to-access. The securities resulted in great failures for...
