Articles
Fraudulent Investment Promoter Accused of Defrauding Seniors in Farmington Hill, Michigan
Once again, as described below, innocent investors have been scammed out of their life savings by an unscrupulous investment promoter. This did not have to happen. If these folks would have simply known about the Investment Scam Prevention Program it is likely that...
Los Angeles Police Department Infiltrated by Fraudulent Investment Promoter
The Los Angeles Times printed an article today explaining that a veteran of the Los Angeles Police Department (LAPD) is being investigated for selling fraudulent real estate investments to her colleagues (other LAPD cops and detectives). This story contains all of the...
Press Release: Jeffrey Wittenberg, Esq., Has Authored An Article Published On Internet Magazine
For Immediate Release Date September 9, 2010 Contact Jeffrey Wittenberg, Esq. 877-352-2010 Wittenberg Law is pleased to announce that Jeffrey Wittenberg has authored an article for an internet magazine called Money and Risk. Jeffrey's first article can be found at...
Another Reminder to Actively Monitor Your Investments – SEC Registered Investment Adviser Based in Colorado Charged with Fraud, Targeted Conservative, Elderly Investors
On September 7, 2010, the Securities and Exchange Commission (SEC) charged Neal R. Greenberg, a Boulder, Colorado based investment adviser, with fraud and breach of fiduciary duty in the marketing and recommendation of his firm's hedge funds to investors, including...
Ponzi Scheme Operator, David F. Merrick, a Florida Investment Adviser, and Traders International Return Network Permanently Barred from Trading Futures, Options & Foreign Currencies
In October 2009, the Securities and Exchange Commission (SEC) announced that it filed an emergency civil action in the U.S. District Court of the Middle District of Florida, Orlando Division, charging David F. Merrick, a resident of Apopka, Florida,...
New Jersey Investment Adviser Targeted Retirees in $11 Million Ponzi Scheme
On September 2, 2010, the Securities and Exchange Commission (SEC) announced that it filed a complaint in the District of New Jersey against Sandra Venetis, a Branchburg, N.J.-based investment adviser and three of her firms, Systematic Financial Services, Inc.,...
Two “Prestigious” Law Firms Sanctioned for Asserting Frivolous Claims
A Bergen County, New Jersey, judge has ordered two law firms - Paul, Weiss, Rifkind, Wharton & Garrison and Lowenstein Sandler - to pay an amount in sanctions that is believed to be sufficient to deter repetition of their misconduct and to compensate defendant for...
Lawyer Quote of the Day
"To measure the quality of the lawyer by the hourly rate, that's not the right way to do it." Christopher L. Weiss, Esq., from the law firm of Weiss Esq., Ferro, Labella & Zucker, LLC. Mr. Weiss said this on June 9, 2010, to the Superior Court of New Jersey,...
ONE OUT OF FIVE AMERICANS OVER THE AGE OF 65 HAS BEEN THE VICTIM OF AN INVESTMENT SCAM
According to the Washington-based Investor Protection Trust, a nonprofit that promotes shareholder education, one out of five Americans over the age of 65 has been the victim of an investment scam. There are well over 35 million Americans over the age of 65, which...
Ongoing Monitoring of Investment Portfolio is Crucial to Avoiding Scams
I have been asked if investors who hold accounts with large broker-dealers containing public securities need to be concerned about becoming a victim of an investment scam. The answer is unequivocally, "yes." It is important at the onset of the relationship to...