|Comments Off on Charlestown, Indiana man pleads guilty in securities fraud case

A Charlestown man was ordered to pay $250,000 in restitution after pleading guilty in a securities fraud case Monday.

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|Comments Off on Indiana awards whistleblower $95K with more whistleblowers likely in financial advice sector

Earlier this month, Indiana announced its first whistleblower award, giving $95,000 to a former JP Morgan official who helped the state’s regulators make an advice-related case against the firm that resulted in a $950,000 settlement. The informant showed how the firm failed to make proper disclosures to clients about proprietary funds in discretionary accounts. The whistleblower exposed JP Morgan for putting its interests before its clients.

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|Comments Off on Day Traders Think They Can Win in Online Ponzi Schemes

Software makers and speculators help to keep $47 million a year flowing through a world of fraudulent investment schemes.

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|Comments Off on Adviser Who Targeted Elderly Gets 5 Years

A financial adviser convicted of running an 8-year, $4.2 million Ponzi scheme was sentenced to five years in prison Thursday after several of her victims spoke about how she selected elderly and ill people to defraud.

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|Comments Off on ADM Accused in Trial of Directing Grain Sales Ponzi Scheme

A Missouri grain dealer who stole tens of millions of dollars from farmers may turn out to be their best ally as they try to recoup losses from corn giant Archer-Daniels-Midland Co.

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|Comments Off on Texas Oil Co. Owner Arrested For Running Ponzi Scheme

The Texas-based proprietor of an oil and gas exploration company has been arrested by federal authorities on charges of mail fraud for luring investors to sink $2.6 million into an oil and gas investment program that was actually a Ponzi scheme, authorities announced Friday.

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|Comments Off on Attorney: Locals Invested $750K in Reported Scam

Scott Starr, a partner with the Logansport-based law firm Starr Austen & Miller, said he spent about a year investigating LMW on behalf of a couple dozen investors starting in 2014.

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|Comments Off on Former Eagle player defrauds football coaches, others

Former Philadelphia Eagle Merrill Robertson Jr. defrauded his former coaches and other investors out of about $6 million, the Securities and Exchange Commission alleged in a complaint filed on Wednesday.

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|Comments Off on Two Chattanooga brokers investigated for securities fraud

Two former brokers with disciplinary histories from Chattanooga are under investigation for securities fraud by the Securities & Exchange Commission (SEC), the Tennessee Department of Commerce & Insurance (TDCI) and the FBI.

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|Comments Off on JPMorgan Settlement With Indiana Draws Interest of Other States

JPMorgan Chase & Co. has reached a settlement with Indiana regulators related to its asset management business, and now other states are expressing interest in how Indiana built its case.

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