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New York Investment Adviser Convicted Of Defrauding Investors HARRISBURG – Louis F. Petrossi, age 77, the founder and president of the Wealth Research Institute, a purported investment research firm, was convicted yesterday by a federal jury in the Middle District of Pennsylvania, on three counts of securities fraud, investment adviser fraud, and wire fraud for […]
Former Chief Financial Officer Of American Realty Capital Partners Sentenced For Accounting Fraud Joon H. Kim, the Acting United States Attorney for the Southern District of New York, announced that BRIAN BLOCK, the former chief financial officer of the publicly traded real estate investment trust (“REIT”) formerly known as American Realty Capital Partners (“ARCP”), was […]
Virginia Man Pleads Guilty In Manhattan Federal Court To $100 Million Market Manipulation Scheme Involving Fitbit Stock Joon H. Kim, the Acting United States Attorney for the Southern District of New York, announced that ROBERT WALTER MURRAY pled guilty today in Manhattan federal court to securities fraud. In November 2016, MURRAY conducted a scheme to […]
Westchester Hedge Fund Manager Arrested For Running A Ponzi Scheme Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (“FBI”), announced that MICHAEL SCRONIC, a hedge fund manager in […]
Dallas Man Sentenced in Connection with Denton County Highway Expansion Fraud SHERMAN, Texas – A 34-year-old Dallas man has been sentenced to federal prison in connection with a Denton County highway expansion project in the Eastern District of Texas, announced Acting U.S. Attorney Brit Featherston today. Wade Wylie Blackburn, pleaded guilty on Apr. 19, 2017, […]
Stock Broker Pleads Guilty to Microcap Stock Manipulation Scheme BOSTON – A former New Hampshire stockbroker pleaded guilty today for his role in a market manipulation scheme which was actually part of an undercover operation. Robert Raffa, 57, of Penacook, NH, pleaded guilty to one count of conspiracy to commit securities and wire fraud, one […]
Manhattan U.S. Attorney And FBI Assistant Director Announce Securities And Wire Fraud Charges Against Craig Carton And Michael Wright Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney Jr, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (“FBI”), announced […]
Monmouth County Investment Adviser And Tax Preparer Charged In $1.8 Million Investment Fraud Scheme TRENTON, N.J. – A Farmingdale, New Jersey, man was arrested and charged today with defrauding investment clients out of more than $1.8 million, Acting U.S. Attorney William E. Fitzpatrick announced. Scott Newsholme, 42, is charged by criminal complaint with one count […]
Investment scams prey on your hope to earn interest or a return on investment on the amount of money that you invest. The Securities and Exchange Commission (SEC) offers overviews of many common investment frauds, and tips to avoid being a victim. If you are the victim of an investment fraud, you can file a complaint with the […]
Forcefield Energy Investor Relations Professional Sentenced To 36 Months In Prison For Role In A $131 Million Market Manipulation Scheme Jared Mitchell, an investor relations professional, was sentenced earlier today to 36 months’ imprisonment, to be followed by three years of supervised release, after having pleaded guilty to securities fraud for his role in the […]