BRYAN W. ANDERSON (CRD# 3116269), 40 year old broker, from Hoover, Alabama, pled guilty to a Ponzi scheme which dozens of investors lost a total of $3.1 million. Anderson, acting as their broker, promised his clients that the investments were 100 percent risk free. Anderson pled guilty to wire fraud, money laundering, and securities fraud during a hearing. Anderson's sentencing is scheduled for June 16. Anderson, under a plea deal agreed to pay restitution of nearly $3.1 million to investors and consents to forfeit another $3.4 million to the federal government as part of the punishment.
Many of the investors lost their life savings and were devastated by Anderson's actions and what they called the lack of supervision at MetLife and Pruco. There are arbitration suits filed with the Financial Industry Regulatory Authority (FINRA) against MetLife and Pruco Securities, where Anderson was employed during some of the time which the scheme occurred.
Between January 2009 - January 2014, approximately 18 investors gave Anderson more than $8.4 million. He deposited their money into an account he and his wife held. Anderson's scheme collapsed in May 2014. Approximately 12 investors lost nearly $3.1 million.
According to FINRA's BrokerCheck, BRYAN W. ANDERSON was previously registered with the following securities firm(s):
02/2012 - 10/2012 PRUCO SECURITIES, LLC. (CRD# 5685) - BIRMINGHAM, AL
10/1998 - 02/2012 METLIFE SECURITIES INC. (CRD# 14251) - BIRMINGHAM, AL
10/1998 - 07/2007 METROPOLITAN LIFE INSURANCE COMPANY (CRD# 4095) - BIRMINGHAM, AL
The Soreide Law Group represents our clients nationwide. If you or a family member have become the victims of this or another Ponzi scheme, call to speak with an attorney at no cost: 888-760-6552.
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