Fraud
Brent Borland Pleads Guilty to $21.9 Million Belize Airport Fraud Charges
New York-based investment manager Brent Borland, of Borland Capital Group, has pleaded guilty to the operation of a $21.9 million fraud, according to a report by Reuters. Borland pleaded guilty to one count of securities fraud, one count of wire fraud, and one count of conspiracy, according to the Department of Justice, each of which…
Read MoreFormer Wells Fargo Broker Mike Frew Arrested Amid Ponzi Scheme Allegations
News reports and publicly available records provided by the Financial Industry Regulatory Authority (FINRA), accessed on August 9, 2018, indicate that former Wells Fargo Advisors broker/adviser Mike Frew, who has been sanctioned by FINRA and barred from acting as a broker, was recently arrested in connection with an alleged Ponzi scheme. Fitapelli Kurta is interested…
Read MoreNew York Attorney General Announces Fraud Charges Against Empire Capital Trust’s Thomas Lagan
Publicly available records provided by the New York Attorney General’s Office and accessed on July 11, 2018 indicate that the state’s Attorney General, Barbara Underwood, has obtained a grand jury indictment of financial advisor Thomas Lagan, as well as former judge Richard Sherwood, in connection to allegations that the two “orchestrated a complex scheme to…
Read MoreSEC Issues Fraud Charges Against E-Waste Systems Executives
A Securities and Exchange Commission (SEC) release published on May 24, 2018 reports that the SEC filed fraud charges against two executives of a microcap company, E-Waste Systems, alleging they defrauded retail investors in a “penny stock scheme.” Filed in the federal court in the District of Columbia, the complaint alleges that Niel Martin Nielson,…
Read MoreCustomer Alleges Ronald McCook Acted Grossly Negligent and Committed Fraud
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 17, 2018 indicate that Arizona-based First Allied Securities broker/adviser Ronald McCook is involved in a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. McCook (CRD# 4155186). Ronald McCook has spent 17 years in the…
Read MoreStefan Pastor Terminated From Position at Raymond James Financial Services
Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on May 16, 2018 indicate that former Florida-based Raymond James Financial Services broker/adviser Stefan Pastor, who is involved in a pending customer dispute, was discharged from his former employer in connection to alleged rule violations and is currently not affiliated with any broker-dealer…
Read MoreHerbert Voss May Have Executed Unauthorized Trades
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on May 3, 2018 indicate that California-based StockCross Financial Services broker/adviser Herbert Voss has received resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Voss (CRD# 1014475). Herbert Voss has spent 33 years…
Read MoreCustomer Alleged James Davis Violated California Law and Breached Fiduciary Duty
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on April 11, 2018 indicate that California-based Centaurus Financial broker/adviser James Davis has been involved in resolved or pending customer disputes. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Davis (CRD# 1530880). James Davis has spent 31…
Read MoreCustomer Alleged Broker George Todd Committed Theft in Connection to His Pension Investment
Public records published by the Financial Industry Regulatory Authority (FINRA) and accessed on March 1, 2018 indicate that Tennessee-based Merrill Lynch broker/adviser George Todd has received a pending customer dispute. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Todd (CRD# 1206553). George Todd has spent 34 years in the securities…
Read MoreMichael Giokas Received a Complaint for Recommending Unsuitable Investments
Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on October 23, 2017, as well as a news report published on October 12, indicate that former New York-based Fortune Financial Services broker Michael Giokas has been the subject of customer disputes and was recently arrested on fraud charges. Fitapelli Kurta is…
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