June 7, 2013

Were You a Victim of Michael Mendenhall?

Michael Mendenhall (CRD #496391) a former broker with Colorado Financial Service Corporation and UVest Financial Services Group, Inc., was convicted of 25 counts of securities fraud and theft involving elderly victims, and sentenced to 30 years in prison and more than $1.4 million in restitution fees in Denver District Court.

The Denver District Court Judge said after sentencing, this case was unique because all of his victims had invested their life savings with him out of trust, not greed. The judge said that following his prison sentence, Mendenhall would be in a similar position to his victims when he is released, of senior age and without assets.

The original indictment identified 16 victims with losses totaling about $1.2 million. Mendenhall was also selling debentures which promised high interest rates that may have been fraudulent investments.

Just one example, the Michael Mendenhall arrest affidavit included the story of a South Dakota widower who worked for a telephone company for a years before becoming as a union representative until his retirement. After his wife's death, the man contacted Mendenhall about a $62,000 annuity the couple had purchased together. He wanted to split it between his wife's two children and him, but Mendenhall talked him into giving him a ninety-day loan of $61,500 to invest in a real estate deal. In the end, the document says Mendenhall only returned $10,000 of that total but wrote a promissory note for the remainder.

According to FINRA's BrokerCheck, Michael Mendenhall was previously registered with FINRA at the following brokerage firms:

COLORADO FINANCIAL SERVICE CORPORATION
CRD# 104343
CENTENNIAL, CO
01/2010 - 10/2010

UVEST FINANCIAL SERVICES GROUP, INC.
CRD# 13787
GREENWOOD VILLAGE, CO
10/2005 - 11/2009

If you have experienced a financial loss due to Michael Mendenhall who was a broker with Colorado Financial Service Corporation, call Soreide Law Group at (888) 760-6552 for a free consultation with an attorney.

S H A R E   T H I S   P O S T

Recent Posts

November 19, 2025
PHILLIP C ANDERSON Fined and Suspended by FINRA

PHILLIP CURTIS ANDERSON (PHILLIP C ANDERSON) was fined $10,000.00, ordered to pay disgorgement of $8,280.00, and was suspended for five months by FINRA. According to FINRA’s BrokerCheck, available to the public on FINRA’s website, the “Regulatory” disclosure dated 5/13/2025 states the following: “Without admitting or denying the findings, Anderson consented to the sanctions and to […]

November 18, 2025
WESTERN INTERNATIONAL SECURITIES, INC

Soreide Law Group filed a FINRA arbitration on behalf of our client (Claimant) against: WESTERN INTERNATIONAL SECURITIES, INC. (WIS). (Respondent) The Claimant is in his late sixties and lives in California. On or about 2019, the Claimant was invited to a presentation on retirement income by a WESTERN INTERNATIONAL SECURITIES’ former broker. The lawsuit alleges […]

November 17, 2025
Charles Wareham Linked To Independent Financial Group Client’s Unsuitable Advice Claim

Investors apparently complained about securities broker Charles Kenneth Wareham [CRD: 2193537, Hartford, Connecticut], according to publicly available information on FINRA BrokerCheck. Evidently, Charles Wareham has been registered with Independent Financial Group LLC since March 14, 2014. Readers are encouraged to continue below for details about the disclosures involving Wareham. Independent Financial Group LLC Investor Accused […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2025 Soreide Law Group, PLLC  |  All Rights Reserved