Articles Posted in Ponzi Scheme News

Securities and Exchange Commission v. Emanuel L. Sarris, Sr. and Sarris Financial Group, Inc., Civil Action No. 12-cv-04272-TON (E.D. Pa.) July, 2012: The Securities and Exchange Commission recently filed an action for fraud against Bucks-County, Pennsylvania-resident Emanuel L. Sarris, Sr. (“Sarris”) and his firm, Sarris Financial Group, Inc. (“Sarris Financial”), for their role in facilitating…

Securities and Exchange Commission v. David Ronald Allen, et al., Civil Action No. 3:11-CV-882-O (N.D. Tex.) July, 2012: SEC OBTAINS FINAL JUDGMENT IN CASE INVOLVING PONZI SCHEME AND PROMOTION OF CHINA VOICE HOLDING CORP. Recently, the Honorable Reed O’Connor, United States District Judge for the Northern District of Texas, entered a final judgment against Ilya…

SEC Charges Three South Florida Residents With Operating A Multi-Million Dollar Ponzi Scheme And Affinity Fraud Targeting Haitian-Americans The Securities and Exchange Commission filed a civil injunctive action on October 16, 2009 against HomePals Investment Club, LLC and HomePals, LLC (together, “HomePals”), and their principals, Ronnie Eugene Bass, Jr., Abner Alabre and Brian J. Taglieri,…

Madoff News: December 17, 2010: A machinery manufacturer last week sued New York Life Insurance Co., claiming it had lost money in variable universal life policies that were invested in funds linked to the Madoff scandal. Experts say similar suits are likely to follow. Cummins Inc. filed a lawsuit Dec. 10 in U.S. District Court…