Phil Donnahue Williamson, a Miami investment advisor, was charged by the Securities and Exchange Commission (SEC) with taking money from his investment fund and defrauding investors, which included several local teachers and law enforcement officers. The SEC is accusing Phil Donnahue Williamson with conducting a Ponzi scheme with money he raised for the Sterling Investment […]

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 […]

Golden Beneficial Securities Corporation, a Texas securities firm, was ordered to pay $2.5 million to a couple who invested with the firm by the Financial Industry Regulatory Authority (FINRA) for failing to supervise their broker who was allegedly involved in a Ponzi scheme. The Texas couple accused Golden Beneficial Securities Corp. of failing to safeguard […]

Maxwell B. Smith III, 73, of Fair Haven, N.J., was sentenced to 15 years in prison for using $9.8 million of his elderly clients' savings to pay his mortgage, home renovations and vacations to France. Smith pleaded guilty to first-degree money laundering. Smith operated a $9 million Ponzi Scheme, Health Care Financial Partners, for 17 […]

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