September 7, 2016

Broker Commits Suicide After Being Charged with Fraud and Forgery

a middle age man contemplates

JEROME P. BONNETT JR (CRD# 2143822) (JEROME "JOE" BONNETT JR, JEROME PATRICK BONNETT, JR.) 51 years-old, from Omaha, Nebraska, killed himself in May, 2016, after his Bonnett Wealth Management began unraveling, with allegations that he paid old investors with proceeds from new ones, borrowed money from clients and forged documents. Also in May, Bonnett was charged with two felonies — first-degree forgery and insurance fraud.
On May 20, Bonnett Wealth Management, had its assets frozen by the state. They were investigating claims of mismanaged investor funds for personal use.  Jerome "Joe" Bonnett Jr’s fraud was estimated at nearly $1.35 million.
Many of Bonnett’s victims were close friends and family members, part of his inner circle, who were scammed in his investment fraud. Eight of the investors are named as beneficiaries of a $3.2 million life insurance policy Bonnett took out more than two years before the suicide.  There are several others not covered by the life insurance who appear to have sustained losses from the fraud.
Jerome "Joe" Bonnett Jr, was registered in the securities industry for 31 years and was employed for 20 years (from 01/1995 to 10/2015) with:
SECURITIES AMERICA, INC. - OMAHA, NE
If you were a victim of Jerome "Joe" Bonnett Jr formerly with Securities America, Inc. of Omaha, Nebraska, or any other broker who recommended you invest in a Ponzi-like scheme, call Soreide Law Group and speak to a lawyer regarding the possibility of recovering your losses at:  888-760-6552.
Soreide Law Group represents our clients nationwide and operates on a contingency fee.

Recent Posts

March 28, 2024
Al Lovelace In Investor Disputes Over Annuity Misrepresentation

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Al Stephen Lovelace [CRD: 2393766, Rutherfordton, North Carolina], given the disclosures on FINRA BrokerCheck. Evidently, Lovelace has worked for Equitable Advisors LLC since December 27, 2016, and worked previously at AXA Advisors LLC from October 2, 2008, to […]

March 28, 2024
KAREN CHUNG of WESTERN INTERNATIONAL

Soreide Law Group is conducting an investigation into WESTERN INTERNATIONAL SECURITIES, INC. of Pasadena, California, financial advisor, KAREN TRAN CHUNG (KAREN CHUNG). According to FINRA’s  BrokerCheck, KAREN CHUNG, has been in the securities industry for 20 years and has been listed with 4 firms.  She is currently listed with, WESTERN INTERNATIONAL SECURITIES, INC., 70 S. […]

March 26, 2024
Stifel Fined $400K by FINRA

According to a recent article in Wealth Management, Stifel will pay over $400,000 to settle FINRA disciplinary charges that the firm allegedly did not properly supervise one of their registered representatives who misappropriated over $100,000 from an elderly client. Stifel agreed to the penalties without admitting or denying FINRA’s findings. In addition to a $400,000 penalty, Stifel […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2022 Soreide Law Group, PLLC  |  All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram