INVESTMENT FRAUD AND EMBEZZLEMENT IN THE NEWS

Generic selectors
Exact matches only
Search in title
Search in content

In order for Key Persons to be included on a Capital Shield® insurance policy, advisors and managers must be currently registered with the SEC and/or FINRA, bank chartered trust employees must have a qualified designation, and all individuals must meet underwriting standards.

205, 2018

Financial Adviser Steals Client’s Retirement Money

May 2nd, 2018|

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 [...]

3007, 2018

Former financial adviser embezzling nearly $2 million from clients

July 30th, 2018|

Former financial adviser embezzling nearly $2 million from clients A former financial adviser from Shelby Township pleaded no contest to charges for stealing nearly $2 million from nine sets of victims. Ernest Romer III, 57, [...]

606, 2018

Financial advisor charged with swindling investors of $4.7 million

June 6th, 2018|

Financial advisor charged with swindling investors of $4.7 million Daryl Davis, 45, has been indicted on fraud charges for allegedly swindling $4.7 million from investors. According to the charges, Davis created an elaborate scheme by [...]

1203, 2009

Bernie Madoff arrested for $50B ponzi scheme

March 12th, 2009|

Bernie Madoff arrested for $50B ponzi scheme On Dec. 11, 2008, Bernard Madoff's brother, an investment manager, was arrested and charged with defrauding clients of up to $50 billion in what may have been the [...]