JOSEPH J. HENNESSY, a 53 year-old financial advisor from Western Springs, Illinois, was charged with running a Ponzi scheme which defrauded at least 10 investors out of $2.9 million. According to federal prosecutors' announcement on Friday, this took place over a five-year period. JOSEPH J. HENNESSY, who was registered with FINRA, CRD# 1380254, was indicted […]

On March 4, 2014, 41 year-old, Wing K. Lim, who is also known as Kent Lam, was indicted by a New York County grand jury on 31 counts of felony charges for money laundering, grand larceny and falsification of business records, and securities fraud violations under the Martin Act. Allegedly, Lim/Lam operated a multi-million-dollar securities […]

On August 8, 2013, the Securities and Exchange Commission (SEC) issued a temporary restraining order and an emergency asset freeze in a $4 million offering fraud and Ponzi scheme orchestrated by Steven B. Heinz and his company S.B. Heinz & Associates, Inc., a financial planning and insurance agency located in Provo, Utah. This information was […]

Soreide Law Group, PLLC, had begun an investigation on behalf of clients of Jason T. Knapp, formerly employed by Dawson James Securites. Knapp was charged with allegedly running a Ponzi scheme through SteepleChase Group. Knapp allegedly promised his clients, many from New York and Florida, unrealistic returns of 18 to 20 percent. Knapp was registered […]

  Thomas Brown Hammond (CRD #2389080, Registered Representative, Fair Oaks, California) was barred from association with any FINRA member in any capacity.  Hammond consented to the described sanction and to the entry of findings that he solicited both his brokerage firm customers and customers of his consulting business to invest funds in a fictitious private […]

In a May 24th, 2012, article from Ft. Lauderdale's Sun-Sentinel, Jon Burstein writes that an investment adviser from Ft. Lauderdale, and others, exploited trust and friendships within the Ft. Lauderdale gay community of Wilton Manors to help fuel a multimillion-dollar investment fraud, according a lawsuit brought this week by a group of investors. There were fourteen residents of […]

In a November 25, 2011, article in InvestNews.com, Bruce Kelly writes that broker-dealers who sold billions of dollars in allegedly fraudulent private placements failed massively in their due-diligence responsibilities to investors, according to the assessment of forensic accountant and expert witness Gordon Yale, who has worked on more than 50 legal claims brought by investors against […]

The FBI is investigating two former Edward Jones brokers based in South Dakota for their role in a “selling-away” case that involved raising money from clients who invested in an alleged Ponzi scheme writes Bruce Kelly in a September 28, 2011, article in InvestmentNews.com. Kelly writes that according to Jones, a client brought the matter […]

  Gary Harrison Lane has been accused of improprieties in his client's accounts. These accusations relate to the sale of government debt and or notes. Our investigation revealed that Gary Lane may have been involved in the sale of what could ultimately prove to be a ponzi scheme.   If the investigation later proves that Gary […]