South Florida Arbitration & Litigation Lawyer Blog

Theft and Unauthorized Activity FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. February, 2012: Maureen Ann Burke (CRD #1323987, Registered Rep., Chelsea, Massachusetts) submitted a Letter of Acceptance, Waiver and Consent in which she was barred from association with any FINRA member in any capacity. Without admitting or denying the findings, Burke consented to…

Investment Advisor and Broker – Dealer Fraud, Mismanagement and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. February, 2012: United States v. Jeremy Blackburn and Anthony Banas, Criminal Action No. 09 CR 976 (N.D. Ill. March 1, 2010) The U.S. Securities and Exchange Commission (Commission) recently announced that on February 15, 2012, co-founders…

Investment Advisor and Broker – Dealer Fraud, Mismanagement and Misrepresentation FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. February, 2012: Securities and Exchange Commission v. Verde Retirement LLC, Verde FX Nevada, LLC, Covenant Capital Partners, and Steven L. Hamilton, United States District Court for the Southern District of California, Case No. 3:12-cv-00445-DMS-BLM (S.D. Cal.)…

Investment and Securities Fraud and Misrepresentation Litigation and FINRA Arbitraton Attorney, Russell L. Forkey, Esq. February, 2012: SEC v. Pentagon Capital Management PLC et al., 08 Civ. 3324 (RWS) (S.D.N.Y.) COURT FINDS PENTAGON CAPITAL MANAGEMENT PLC AND LEWIS CHESTER LIABLE FOR SECURITIES FRAUD Recently, United States District Judge Robert W. Sweet of the Southern District…

Investment Advisor and Broker-Dealer Fraud, Mismanagement and Misrepresentation Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. February, 2012: Securities and Exchange Commission v. Venulum Ltd., et al., Civil Action No. 3:12-cv-00477-N (N.D. Tex. February 15, 2012) SEC Charges Venulum with Registration Violations in Connection with Offerings of Wine Contracts and Promissory Notes The Securities…

Investment Advisor and Broker-Dealer Fraud, Misrepresentation and Mismanagement Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. February, 2012: SEC CHARGES INVESTMENT ADVISER BRENDA A. ESCHBACH WITH MULTI-YEAR MISAPPROPRIATION OF CLIENT FUNDS Securities and Exchange Commission v. Brenda A. Eschbach, No. SA CV 12 0244 (AG) (JPRx) (C.D. Cal.). The U.S. Securities and Exchange Commission…

Prime Bank Note Fraud What can we say? Here is another one. International fraud artists have invented an investment scheme that supposedly offers extremely high yields in a relatively short period of time. In this scheme, they claim to have access to “bank guarantees” that they can buy at a discount and sell at a…

Letter of Credit Fraud: It is amazing how many different types of investment schemes, fraudsters can create and manipulate to get their hands on your hard earned money. Here is another one, letter of credit fraud. Legitimate letters of credit are never sold or offered as investments. They are issued by banks to ensure payment…

Investment Advisor and Broker/Dealer Fraud, Mismanagment and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. February, 2012: SEC v. Douglas F. Whitman and Whitman Capital, LLC, Civil Action 12-CV-1055 (SDNY) SEC Charges California Hedge Fund Manager Connected to Galleon Insider Trading Case Recently, the Securities and Exchange Commission filed a civil injunctive action…

The growing use of the Internet has created a plethora of new opportunities for fraudsters. This post contains some tips for avoiding (1) Internet auction fraud, (2) non-delivery of merchandise and (3) credit card fraud. Before entering into a transaction over the Internet, please consider the following. Once a fraudulent transaction takes place over the…