Articles Posted in Fraud and Misrepresentation

Richard Joseph Buswell and Herbert Steven Fouke – Lafayette, Louisiana: The Financial Industry Regulatory Authority, Inc. (FINRA) is a self-regulatory authority assigned the responsibility, by the Securities and Exchange Commission, to license, regulate and discipline securities broker/dealers and their employees, including account executives. In the event that FINRA elects to institute and enforcement action, firms…

Securities and Exchange Commission v. A.L. Waters Capital, LLC, et al., Civil Action No. 12-cv-10783-DJC (District of Massachusetts) United States of America v. Arnett L. Waters, Criminal No. 12-cr-10336-DJC (District of Massachusetts) Defendant in SEC Action Charged by United States Attorney’s Office for the District of Massachusetts The Securities and Exchange Commission recently announced that…

U.S. Securities and Exchange Commission v. Geoffrey H. Lunn, Darlene A. Bishop and Vincent G. Curry, Civil Action No. 12-cv-02767, United States District Court, District of Colorado SEC CHARGES THREE INDIVIDUALS FOR THEIR ROLES IN A $5.77 MILLION INVESTMENT SCHEME Recently, the United States Securities and Exchange Commission charged Geoffrey H. Lunn, Darlene A. Bishop…

Securities and Exchange Commission v. Joseph J. Monterosso, et. al., Civil Action No. 07-61693 (S.D. Fla., initial complaint filed on November 21, 2007) District Court Orders More Than $3 Million In Remedies, Grants Motions For Disgorgement, Civil Penalties and Officer-And-Director Bars Against Timothy Huff, Lawrence Lynch, Joseph J. Monterosso, Luis Vargas Recently, the Securities and…

SEC v. Yorkville Advisors, LLC, Mark Angelo and Edward Schinik, Civil Action No. 12-CV-7728 (S.D.N.Y.) (GBD) (filed October 17, 2012) SEC Charges Hedge Fund Adviser and Two Executives with Fraud The Securities and Exchange Commission recently announced the filing of a civil enforcement action in the United States District Court for the Southern District of…

CFTC Charges Florida Resident William Jeffery Chandler with Forex Fraud and Misappropriation Federal court enters emergency order freezing defendant’s assets and protecting books and records The U.S. Commodity Futures Trading Commission (CFTC) recently announced that on September 11, 2012, Judge James D. Whittemore of the U.S. District Court for the Middle District of Florida entered…

Florida Federal Court Orders Claudio Aliaga and His Company, CMA Capital Management, LLC, to Pay $5.5 Million in Penalties and Restitution for Operating a Forex Ponzi Scheme The U.S. Commodity Futures Trading Commission (CFTC) recently announced that it obtained a judgment for $5.5 million in restitution and civil monetary penalties against Claudio Aliaga and CMA…

Federal Court Orders Oscar Hernandez and His Companies to Pay $1.4 Million in Penalties and Bars Him from the Commodities Industry for Operating a Commodity Pool Ponzi Scheme In a related criminal proceeding, Hernandez sentenced to 57 months imprisonment and ordered to pay restitution The U.S. Commodity Futures Trading Commission (CFTC) recently announced that it…

Federal Court in Florida Imposes $350,000 Penalty against GlobeFX Club, Inc. and Jeremy Munson Globe for Making False Statements to the National Futures Association and Permanently Bars Defendants from Commodities Industry: The U.S. Commodity Futures Trading Commission (CFTC) recently obtained a federal court consent order of permanent injunction requiring defendants GlobeFX Club, Inc. (GFC) and…

Final Judgments Entered Against Derek F.C. Elliott On October 5, 2012 the Honorable James C. Mahan, United States District Judge for the District of Nevada, entered a Final Judgment against Derek F.C. Elliott (Elliott). On May 24, 2012, the United States Securities and Exchange Commission filed a complaint, in the United States District Court for…