The US Department of Justice announced on April 23, 2019 that it has arrested Raleigh, North Carolina’s Furman Ford, who has been charged with 11 counts each of wire fraud and mail fraud in the Eastern District of North Carolina. According to the Department of Justice, Mr. Ford engaged in a scheme from August to…

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Publicly available records provided by the Securities and Excange Commission on September 26, 2018 report that the SEC has filed charges against William Skelley and Sohin Shah, in connection to allegations that the crowdfunding platform they co-founded, iFunding LLC, misappropriated more than $1 million in investor funds. In its complaint, the SEC alleges that that…

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Publicly available records provided by the Securities and Exchange Commission on September 19, 2018 indicate that the SEC has obtained a court order halting “an ongoing Ponzi-like scheme” operated by Kevin B. Merrill, Jay B. Ledford and Cameron Jezierski. According to an SEC news release, the scheme raised more than $345 million in funds from…

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Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on September 11, 2018 indicate that FINRA has charged Timothy Ayre with securities fraud and “the unlawful distribution of an unregistered cryptocurrency security” known as HempCoin. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Ayre and/or investments in HempCoin.…

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The Securities and Exchange Commission has charged Phillip Frost, non-executive chairman of Ladenburg Thalmann Financial Services, with fraud in connection to an alleged “pump-and-dump” scheme. He was charged alongside nine other defendants, as well as related businesses and entities. The alleged schemes generated millions for the defendants while leaving retail investors “holding virtually worthless stock,”…

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Publicly available records provided by the Securities and Exchange Commission (SEC) and the New Jersey Bureau of Securities accessed on August 16, 2018 indicate that former New Jersey-based investment adviser Richard Belott, and his former employer, Financial Planning Advisors, have been sanctioned by the Bureau in connection to various allegations of fraud. According to the…

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Publicly available records published by the Securities and Exchange Commission (SEC) on August 3, 2018 indicate that the SEC has charged two Florida individuals, Joseph Walsh and Robert Matthews, in connection with a securities offering fraud that allegedly targeted immigrant investors. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Walsh…

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