by wittenberglaw | Aug 12, 2010 | Uncategorized, w-law-blog
According to the FBI complaint, Eliyahu Weinstein operated a Ponzi scheme in New Jersey beginning as early as September 2005 through an entity called Pine Projects, LLC. It appears that at least $200 million of investor capital has been lost. Like many other Ponzi...
by wittenberglaw | Aug 9, 2010 | Uncategorized
Last week, the Securities and Exchange Commission (SEC) filed a complaint in the U.S. District Court, Eastern District of Michigan, against C.J.’s Financial and, its Chief Financial Officer, Candice D. Campbell, alleging that Campbell has been running a Ponzi scheme...
by wittenberglaw | Aug 6, 2010 | Uncategorized
According to the Associated Press, Federal prosecutors have charged a Southern California investment adviser on charges he bilked elderly residents in a $6 million Ponzi scheme. Richard H. Nickles, the owner of Innovative Advisory Services in Santa Ana, was charged...
by wittenberglaw | Aug 6, 2010 | Uncategorized
On August 4, 2010, the Securities and Exchange Commission (SEC) filed a complaint in the U.S. District Court, Central District of California, alleging that Kensington Resources, Inc. through its principals, Joseph R. Porche and Larry R. Crowder and sales agents,...
by wittenberglaw | Jul 7, 2010 | Uncategorized
According to a recent Bloomberg article, the Securities and Exchange Commission (SEC) is investigating misleading marketing by Wall Street banks of so-called “principal protection.” The investigation focuses on notes issued by now-bankrupt Lehman Brothers that...
by wittenberglaw | Jun 28, 2010 | Uncategorized, w-law-blog
On June 24, 2010, a Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Goldman Sachs to pay $20.58 million to creditors of the Bayou Group, a hedge fund that was charged with operating a Ponzi scheme, to settle claims that the bank helped the...
