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SEC charges advisor with $19M fraud in commissions scheme

SEC charges advisor with $19M fraud in commissions scheme A Connecticut investment advisor is facing fraud and other charges for allegedly engaging in a scheme to steer $19 million of client assets into unsuitable, high-risk investments and concealing his commissions. The SEC charged George L. Taylor and his firm, Temenos Advisory, with violating their fiduciary [...]

By |2019-03-13T10:25:34+00:00July 26th, 2018|articles|0 Comments

State revokes registration for Grand Blanc area investor accused of embezzlement

State revokes registration for Grand Blanc area investor accused of embezzlement ATLAS TOWNSHIP, Mich. – The Michigan Department of Licensing and Regulatory Affairs has revoked the registration of a local investment advisor accused of embezzling nearly $300,00 from clients. LARA’s Corporations, Securities & Commercial Licensing Bureau issued a Final Order revoking the registrations of Jason [...]

By |2019-03-13T10:26:04+00:00June 19th, 2018|articles|0 Comments

Jackson Financial Adviser Arraigned On Embezzlement Charges

Jackson Financial Adviser Arraigned On Embezzlement Charges A former financial adviser has been arrested in Michigan in connection with the theft of more than $700,000 from now-deceased clients whose investments he managed. MLive.com reports that Robert Morley was arraigned Friday in Jackson County District Court on one count of conducting a continuing criminal enterprise and [...]

By |2019-03-13T10:26:34+00:00March 23rd, 2018|articles|0 Comments

SEC charges Bellbrook man with ‘rob Peter to pay Paul’ scheme

SEC charges Bellbrook man with ‘rob Peter to pay Paul’ scheme A former Dayton investment advisor misappropriated more than $1.6 million from clients — many who were elderly — for the past 14 years, the U.S. Securities and Exchange Commission said in a complaint. The SEC termed the actions of John Gregory Schmidt a “long-running [...]

By |2019-03-13T10:27:03+00:00October 2nd, 2018|articles|0 Comments

Financial Advisor to Mike Tyson Sentenced to Prison

Financial Advisor to Mike Tyson Sentenced to Prison Brian Ourand, formerly of Live Nation-owned financial advisory firm SFX Financial Advisory Management Enterprises, was sentenced to 33 months in prison and ordered to repay $1 million that he embezzled from Mike Tyson, Dikembe Mutombo, Glen Rice and other athletes. The sentencing was brought in a U.S. [...]

By |2019-03-13T10:27:27+00:00September 13th, 2017|articles|0 Comments

Investment adviser Michael Giokas admits $1.4 million fraud from clients

Investment adviser Michael Giokas admits $1.4 million fraud from clients Michael Giokas' three decades as a trusted investment adviser ended Monday with an admission that he cheated clients out of $1.4 million. It was money, prosectors said, that he used to pay for personal expenses. The former owner of Giokas Wealth Advisors in Williamsville also [...]

By |2019-03-13T10:42:20+00:00April 16th, 2018|articles|0 Comments

Financial Adviser Steals Client’s Retirement Money

Financial Adviser Steals Client’s Retirement Money A former financial advisor was convicted last week of defrauding his client, a former factory worker, and diverting his retirement savings to pay down loans, dine out and buy tickets to clubs, concerts and ballgames. The former adviser, Jesse Holovacko, 39, of Sayreville, N.J., faces up to 20 years in prison [...]

By |2019-03-13T10:42:47+00:00May 2nd, 2018|articles|0 Comments

CBS true crime show ‘Pink Collar Crimes’ to feature Knoxville’s Jacqueline ‘Jackie’ Stanfill

CBS true crime show 'Pink Collar Crimes' to feature Knoxville's Jacqueline 'Jackie' Stanfill A new CBS documentary series will profile former Knoxville financial adviser Jacqueline "Jackie" Stanfill, who stole more than $8 million from her clients and was sentenced to nine years in prison in 2016. The eight-episode true crime series, called "Pink Collar Crimes," premiered on July 28 and [...]

By |2019-03-13T10:43:05+00:00August 2nd, 2018|articles|0 Comments

SEC Bars Ex-Ohio Rep For Embezzling Client Funds, Ponzi-Like Payments

SEC Bars Ex-Ohio Rep For Embezzling Client Funds, Ponzi-Like Payments A former Florida registered rep has been barred from the securities industry after allegedly embezzling more than $260,000 from a client to pay his daughter’s college expenses, to reimburse other clients and to pay his own expenses. James M. Unger, now of Boca Raton, Fla., [...]

By |2019-03-13T10:43:26+00:00July 19th, 2018|articles|0 Comments

York County financial planner indicted for embezzling more than $1 million from clients

York County financial planner indicted for embezzling more than $1 million from clients The Securities and Exchange Commission has charged the owner of an Indianapolis-area investment advisory firm with violating federal law by selling $13 million in high-risk securities to more than 120 clients without disclosing that the firm stood to receive exorbitant commissions of [...]

By |2019-03-13T10:43:46+00:00August 1st, 2018|articles|0 Comments
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