South Florida Arbitration & Litigation Lawyer Blog

Municipal Bond Fraud Litigation and FINRA Arbitration Attorney, Russell L. Forkey, Esq. December, 2011: SEC Charges Wachovia With Fraudulent Bid Rigging in Municipal Bond Proceeds Wachovia Agrees to $148 Million Settlement With SEC and Other Authorities The Securities and Exchange Commission (SEC) recently charged Wachovia Bank N.A. with fraudulently engaging in secret arrangements with bidding…

Fraudulent Prime Bank, Bank Guarantee and Letter of Credit Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. December, 2011: Securities and Exchange Commission v. The Milan Group, Inc., a/k/a The Milan Trading Group, Inc., Frank L. Pavlico III, a/k/a Frank Lorenzo, Brynee K. Baylor, Baylor & Jackson, P.L.L.C., Mia C. Baldassari, Elmo Baldassari, Brett…

Fraudulent Over Valuation Investment Fraud Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. December, 2011: Securities and Exchange Commission v. Michael R. Balboa and Gilles T. De Charsonville, Civil Action No. 8731 (S.D.N.Y. filed December 1, 2011) SEC CHARGES HEDGE FUND MANAGER AND BROKER WITH MULTI-MILLION DOLLAR OVERVALUATION SCHEME The Securities and Exchange Commission…

Investment and Securities Misrepresention and Fraud Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. December, 2011: United States Securities Exchange Commission v. Richard Dalton and Universal Consulting Resources LLC, Defendants, and Marie Dalton, Relief Defendant, Civil Action No. 10-CV-02794-REB-KLM (D. Colo.) SEC RESOLVES FRAUD-BASED LAWSUIT AGAINST DENVER-AREA COMPANY AND ITS OWNER The Securities and…

Investment and Securities Fraud and Misrepresentation Litigation and FINRA Arbitration Lawyer, Russell L. Forkey, Esq. December, 2011: Securities and Exchange Commission v. Integrity Financial AZ, LLC, Steven R. Long, Stanley M. Paulic, Walter W. Knitter, and Robert C. Koeller Civil Action No. 10-CV-782 (SO) (N.D. Ohio filed Apr. 15, 2010) COURT ORDERS INTEGRITY FINANCIAL FOUNDERS…

Securities and Investment Fraud and Misrepresentation FINRA Arbitration and Litigation Attorney, Russell L. Forkey, Esq. December, 2011: Securities and Exchange Commission v. David Ronald Allen, et al. Civil Action No. 3:11-CV-882-O (N.D. Tex.) COURT ENTERS FINAL JUDGMENTS AGAINST CHINA VOICE HOLDING CORP. AND ITS FORMER CFO, DAVID RONALD ALLEN Recently, the Securities and Exchange Commission…

December, 2011 The manner and operation of hedge funds makes it very difficult to uncover fraud or mismanagement. The SEC has allegedly come up with an objective methodology to attempt to ferret out fraudsters. SEC Charges Multiple Hedge Fund Managers with Fraud in Inquiry Targeting Suspicious Investment Returns As part of an initiative to combat…

Municipal Bond Fraud, Misrepresentation and Negligent Supervision FINRA Arbitration and Litigation Lawyer, Russell L. Forkey, Esq. November, 2011: UBS Financial Services Inc. (CRD #8174, Weehawken, New Jersey) submitted a Letter of Acceptance, Waiver and Consent in which the firm was censured and fined $300,000. Without admitting or denying the findings, the firm consented to the…

Penny Stock Fraud and Misrepresentation Federal and State Court Litigation Attorney, Russell L. Forkey, Esq. November, 2011: FEDERAL COURT ENTERS JUDGMENTS OF PERMANENT INJUNCTION AND OTHER RELIEF AGAINST DEFENDANTS CHRISTOPHER M. DUBEAU AND ATLANTIS TECHNOLOGY GROUP Securities and Exchange Commission v. Atlantis Technology Group and Christopher M. Dubeau, Civil Action No. 10-61824-CIV-ZLOCH (S.D. Fla.) The…

September, 2011: Securities and Exchange Commission v. Jody Dunn, Case No. 4:11-CV-00577 (USDC E.D. Tex.). Affinity fraud is alive and well in today’s investment world. While most investors realize this, it is likewise inconceivable, to people, that it will happen to them. Unfortunately, anyone can be taken advantage by fraudsters. One such example is described…