Robert E. Lee Jr., 50, broker and financial advisor from Oxford, Connecticut, was charged on May 12, 2014, with bilking millions of dollars from his clients through an alleged Ponzi scheme. Lee was employed by several firms. Federal prosecutors allege that Lee's Ponzi scheme occurred from January 2011 through March 2014. Prosecutors allege Lee told […]

Yesterday, June 12, 2012,  The Securities and Exchange Commission (SEC) charged 14 sales agents who misled investors and illegally sold securities for a Long Island-based investment firm at the center of a reported $415 million Ponzi scheme.  The SEC alleges that the agents promised falsely that investor returns would be as high as 12 to 14 percent […]