Investment Fraud

Petrossi Falsely Claimed to Investors That Money They Had Invested in Purported Investment Funds

Financial Fraud: Louis F. Petrossi Was Convicted On Securities Fraud, Investment Adviser Fraud, And Wire Fraud

March 9, 2018 FraudsWatch 0

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 […] Read More

Financial Fraud: BRIAN BLOCK Sentenced For Inflating a Key Metric Used to Evaluate The Financial Performance of Publicly Traded REITS in ARCP

November 9, 2017 FraudsWatch 0

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 […] Read More

Investment Fraud: ROBERT WALTER MURRAY Pled Guilty To Securities Fraud

November 8, 2017 FraudsWatch 0

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 […] Read More

Investment Fraud: MICHAEL SCRONIC Charged With Securities Fraud And Wire Fraud Arising Out of His Execution of a $19 Million Ponzi Scheme

October 5, 2017 FraudsWatch 0

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 […] Read More

Investment Fraud: Wade Wylie Blackburn Sentenced To Conspiracy To Commit Mail Fraud

September 15, 2017 FraudsWatch 0

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 […] Read More

Financial Fraud: Robert Raffa Pleaded Guilty For His Role In a Market Manipulation Scheme

September 7, 2017 FraudsWatch 0

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. […] Read More

Financial Fraud: Craig Carton And Michael Wright Arrested And Charged With Securities Fraud, Wire Fraud, And Conspiracy to Commit Those Offenses

September 6, 2017 FraudsWatch 0

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 […] Read More

Financial Fraud: Scott Newsholme Charged In Million Investment Fraud Scheme

September 6, 2017 FraudsWatch 0

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 […] Read More

Financial Fraud: Common Investment Frauds

August 11, 2017 FraudsWatch 0

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 […] Read More

Financial Fraud: Jared Mitchell Sentenced In Securities Fraud For His Role in The Fraudulent Market Manipulation of ForceField Energy Inc.

August 2, 2017 FraudsWatch 0

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 […] Read More

Investment Fraud: PATRICK MURACA Charged With Wire Fraud, In Connection With a Scheme To Defraud Investors

August 1, 2017 FraudsWatch 0

Manhattan U.S. Attorney Announces Arrest In Scheme To Defraud Investors In Purported Medical And Pharmaceutical Businesses Joon H. Kim, the Acting United States Attorney for the Southern District of New York, and William F. Sweeney […] Read More

Financial Fraud: Anthony J. Klatch II Sentenced For Conspiracy, Securities Fraud, Wire Fraud, and Money Laundering

August 1, 2017 FraudsWatch 0

Tampa Investment Scheme Mastermind Sentenced To More Than Nine Years In Federal Prison Tampa, Florida – U.S. District Judge James D. Whittemore today sentenced Anthony J. Klatch II (36, previously of Tampa) to nine years […] Read More

Financial Fraud: THOMAS HEAPHY, JR., Indicted And Pleaded Guilty to Conspiracy And Tax Offenses Stemming

July 29, 2017 FraudsWatch 0

Long Island Man Pleads Guilty to Conspiracy and Tax Offenses Stemming from Stock “Pump and Dump” Scheme Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that THOMAS HEAPHY, JR., 42, of […] Read More

Investment Fraud: Jill M. Evans Sentenced For Wire Fraud And Money Laundering

May 9, 2017 FraudsWatch 0

Littleton Woman Sentenced to Seven Years in Federal Prison for Oil and Investment Scheme DENVER – Jill M. Evans, age 51, of Littleton, Colorado, was recently sentenced by U.S. District Court Judge John L. Kane […] Read More

Investment Fraud: Jesse Holovacko Convicted In Six Counts of Wire Fraud And One Count of Investment Advisor Fraud

April 28, 2017 FraudsWatch 0

Former Investment Advisor Who Stole Client’s Retirement Savings Guilty On All Counts Of Wire Fraud And Investment Advisor Fraud TRENTON, N.J. – A former financial advisor entrusted with advising clients on investments was convicted by […] Read More

Investment Fraud: John Quadrino Charged With Wire Fraud Conspiracy For Orchestrating a Ponzi Scheme

March 30, 2017 FraudsWatch 0

Oceanside Man Indicted In Multi-Million-Dollar Fraud Scheme John Quadrino Charged With Defrauding Over 80 Investors in a Ponzi Scheme, Resulting in Losses of More Than $6 Million A six-count indictment was unsealed this morning in […] Read More

Investment Fraud: EDWARD J. SERVIDER Pled Guilty to Defrauding Approximately 100 Investors

March 30, 2017 FraudsWatch 0

Staten Island Man Pleads Guilty In Manhattan Federal Court To Defrauding Investors Of Over $2 Million Joon H. Kim, the Acting United States Attorney for the Southern District of New York, announced today that EDWARD […] Read More

Investment Fraud: JOSEPH A. CASTELLANO Pleaded Guilty And Sentenced For Operating Ponzi Scheme

March 9, 2017 FraudsWatch 0

Wallingford Man Admits Operating Ponzi Scheme Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that JOSEPH A. CASTELLANO, 59, of Wallingford, pleaded guilty today in Hartford federal court to fraud and […] Read More

Investment Fraud: Stanley Jonathan Fortenberry Charged And Sentenced For Running Fraudulent Investment Companies

March 4, 2017 FraudsWatch 0

Texas Man Charged With Running Fraudulent Investment Companies WASHINGTON – A Texas man was charged with fraud and obstruction of justice in an indictment unsealed today involving two investment companies that allegedly defrauded investors resulting […] Read More

Investment Fraud: HAENA PARK Pled Guilty To Commodities Fraud In Connection With Scheme To Defraud Investors

January 14, 2017 FraudsWatch 0

Manhattan Woman Pleads Guilty In Manhattan Federal Court To Commodities Fraud In Connection With Scheme To Defraud Investors Of More Than $23 Million Preet Bharara, the United States Attorney for the Southern District of New […] Read More