|Comments Off on Investment Branch of Fidelity Sued for Fiduciary Breach

Individuals that contribute to a Delta Air Lines Inc. 401(k) plan have sued sections of Fidelity Investments, on the claim of wrongdoing in the firm’s record keeping role.

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|Comments Off on NJ Couple Faces Prison, Civil Fine Over Alleged Ponzi Scheme

A New Jersey couple who purportedly owned a hedge fund was hit with criminal charges and a hefty civil penalty Friday for allegedly collecting money from two dozen investors and spending it on a lavish lifestyle as part of a Ponzi scheme that netted nearly $600,000 from victims.

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|Comments Off on Starr Austen Helped Secure Huge Recovery for Fraud Victims
In a better-than-average outcome, more than 90 investors who lost $9.7 million in a securities fraud debacle will recover a very substantial percentage of their losses. The investors had put money in a hedge fund, Samex Capital Partners, run by a Fishers, Ind., hedge fund manager Keenan Hauke. The court appointed William Wendling, Senior Partner [...]
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|Comments Off on Scott Starr Presenting at Indiana CPA Society Financial Services Conference on December 18th
Scott Starr will be giving a presentation on securities law at the Indiana CPA Society Financial Services Conference on December 18, 2014 from 11:20 am - 12:15 pm. The presentation will address what is and is not a security, under Indiana Securities Law; how creating commercial entities can sometimes cause liabilities under Indiana Securities Law; [...]
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|Comments Off on Scott Starr Presenting at ACFE Professional Conference on September 17
Scott Starr will be giving a presentation on securities law at the annual Association of Certified Fraud Examiners (”ACFE”) Professional Development Conference on September 17, 2014 from 9:10am-11:05am. The conference will take place at the following location: PATCtech 5325 Decatur Boulevard Indianapolis, IN 46241 You may register for the conference here. The ACFE is comprised [...]
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|Comments Off on Accounting Firm Agrees to Settlement in Ponzi Fraud Case
Indianapolis-based accounting firm DeWitt & Shrader PC agreed to settle a lawsuit brought by a receiver appointed for Samex Capital Partners, LLC involving the way it provided services for convicted Ponzi schemer Keenan Hauke. The suit alleged that DeWitt & Shrader violated the Indiana Securities Act and committed negligence and fraud, as well as breach [...]
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|Comments Off on Scott Starr Recognized as “Leader in Litigation” by Wilson, Kehoe & Winingham
Scott Starr was recently featured in the “Leader in Litigation” series by Wilson, Kehoe & Winingham, a well-known law firm that recognizes some of Indiana’s most interesting and accomplished lawyers. The article introduces you to one of Scott’s favorite former clients, a librarian known as “Jean” who invested in a small startup company that developed [...]
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|Comments Off on CPAs on the Lookout for Securities Fraud
CPAs should be on the front line alerting their clients to securities fraud much more frequently than they presently do. Why do I say that? Because CPAs meet with their clients each year to prepare taxes and the common “client questionnaire” or “client organizer” which accountants routinely send to clients to fill out for tax [...]
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|Comments Off on Starr Austen & Miller Files Suit Against Companies Responsible For Fungal Meningitis Outbreak
Mark S. Fryman, of the Indiana law firm of Starr Austen & Miller, LLP, announced today that the firm, along with the firm of McNeely Stephenson Thopy & Harrold, have commenced a lawsuit against New England Compounding Pharmacy, Inc., d/b/a New England Compounding Center (“NECC”), and two of its closely related companies, as well as [...]
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|Comments Off on 401(k) Plan Sponsors Not Jumping Onboard With New Longevity Annuities

The Department of the Treasury and the Department of Labor have proposed new regulations focused on providing 401(k) plan participants more choices to invest in annuities that guarantee a stream of lifetime income. However the proposals aren’t enough to persuade plan sponsors to offer such “longevity annuities,” experts contend. These annuity products give people the […]

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