Joseph Gennaco, 68, of Winthrop, MA, also a resident of Jupiter, Fla., pleaded guilty to 11 counts of wire fraud and 16 counts of mail fraud in connection to an alleged investment scam that ran from 2001 to 2011. He will be sentenced May, 2013.
Gennaco was involved with several companies; Crescent Management Group, GCT Trust, Gennaco & Associates, and Oceanview Financial Services. According to federal prosecutors, Gennaco scammed over 20 investors out of $4.5 million dollars.
Federal prosecutors say that Gennaco told investors that their cash would go into “life settlements” and other insurance-based investments, when allegedly Gennaco used investors money to pay his own personal and business expenses.
If you experienced financial losses because of Joseph Gennaco, call Soreide Law Group, and speak to an attorney regarding potential recovery of your losses at 888-760-6552.
Steven Graham (CRD 1977736) denies the allegations in a pending customer claim filed on August 11, 2026. The disclosure names Western International Securities as the firm, and the claim involves corporate bonds. No arbitrator has ruled on it. His BrokerCheck report also lists a settled bond dispute and a federal court matter from earlier years.
A claim filed on September 11, 2024 names Thomas Hamlin (CRD 2208505) over a 10% Senior Unsecured Note in iCap Fund III. Every disclosure on his BrokerCheck report involves an iCap private placement and names Somerset Securities as the firm. Each one settled, and a settlement is not an admission of wrongdoing.
Peter Po's most recent settlement came on June 28, 2026, when a corporate bond claim settled for $40,000. Po (CRD 3106974) appears in several settled customer disputes over corporate and high-yield bonds. The disclosures name NI Advisors or California Securities as the firm, and each matter ended in a settlement, not a finding.
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