$4.5M paid in total to settle charges in ‘calculated fraud exploiting terminally ill patients’.
A former Massachusetts certified financial planner and his colleague spent $1 million of their clients’ funds on personal expenses, including fast food, legal fees and ATM withdrawals at casinos, the SEC alleges.
Since the financial meltdown in 2008, the agency has charged more than 150 firms and
individuals, and returned $2.6 billion to investors.
Pennsylvania man admits to role in $18M Ponzi scheme. Promised returns of 10-16% from real estate hedge funds; money paid for cars, vacations.
Russell Wasdendorf Sr. faces up to 50 years for part in commodity brokerage’s collapse.
Four executives at DBSI charged with, among other things, securities fraud.
Management at brokerage caught unaware by ongoing probe.
LPL beefing up its compliance in wake of Massachusetts suit; B-D
cracking down on sale of leveraged ETFs; suitability at issue.
Unsuitable trading, fraudulent auto-loan scheme alleged by former client.
A Southern California insurance broker who overcharged Tom Hanks and his wife,
Rita Wilson, hundreds of thousands of dollars has been sentenced to more than two years in federal prison.