Recent Posts in Ponzi Scheme Category
Posted on Jan 16, 2013 By Michael Edmiston
The Financial Industry Regulatory Authority suspended Doran Lynn Follis of Huntington Beach, California, through March 3, 2013 for allegedly failing to conduct adequate due diligence in regards to a ...
Continue reading "Doran Lynn Follis Suspended for Inadequate Due Diligence, Improper Recommendations" »
Posted on Sep 20, 2012 By Michael Edmiston
On Sept. 13 2012, the Securities and Exchange Commission (SEC) filed a complaint in federal court, charging defendants Deer Hill Financial Group, LLC and Stephen Burton Blankenship with crafting a ...
Continue reading "SEC Charges Broker with Stealing to Pay Personal Expenses, Investors, Many from Santa Monica, Lose $600,000 in Ponzi Scheme" »
Posted on Jul 23, 2012 By Michael Edmiston
The Financial Industry Regulatory Authority (FINRA) has barred broker Marc Duda of Fullerton, California for intentionally perpetrating a Ponzi scheme designed to defraud investors through the use of ...
Continue reading "Marc Duda Barred for $2.5 Million Ponzi Scheme" »
Posted on Jun 20, 2012 By Michael Edmiston
The Financial Industry and Regulatory Authority (FINRA) has fined registered principal John Brady Guyette of former FINRA member firm Community Bankers Securities, LLC, $86,140 and suspended him one ...
Continue reading "John Brady Guyette Suspended & Fined for Fraudulent Misrepresentations in Recommending Investment Options" »
Posted on Jun 13, 2012 By Michael Edmiston
John Farahi of Beverly Hills, Califonia pled guilty to multiple felony counts including mail fraud, loan fraud, selling unregistered securities and conspiracy to obstruct justice in connection with an ...
Continue reading "John Farahi of NewPoint Financial Pleads Guilty to $20+ Million Ponzi Scheme" »