COHEN & BURNETT, PC Page 4 Legacy Analytics, LLC
Pleaded guilty to 58 counts of investment fraud for their role in a Ponzi scheme that bilked 41 investors from four states out of $10.2 million. charitable gift annuities, viatical settlements and Ponzi schemes all promising inflated returns. ... Retrieve Here
UNITED STATES DISTRICT COURT EASTERN DISTRICT OF MICHIGAN ...
Annuities. Bravata Financial has never been registered with the Commission as a broker-dealer. Throughout the offering, John Bravata and Trabulsy owned and controlled BBC Equities and other Class members money in a ponzi scheme; ... Fetch Doc
BEFORE THE COMMITTEE ON FINANCE UNITED STATES SENATE HON ...
And charitable gift annuities which paid insurance agents hefty commissions for the donations they this non profit were shocked that the charity turned out to be nothing more than a Ponzi scheme. Dillie was indicted in 2003 on 193 counts of wire fraud, money laundering, and ... Read Content
2012 Top Investor Threats
Fraud promoters pushing a Ponzi scheme or other investment fraud can misrepresent the responsibilities of self-directed IRA custodians to deceive investors into believing that their investments are While annuities may be appropriate ... Access This Document
Reply To: DEPARTMENT OF LABOR Employee Benefits Security ...
Only offer Annuities: This method eliminates all other investment vehicles within a 401k or IRA (stocks, Social Security is now a Ponzi scheme where current “investors” pay for current “beneficiaries”. Without some combination of ... Read Full Source
NASD OFFICE OF HEARING OFFICERS - FINRA - Home Page
Annuities to eight customers, as alleged in the Complaint: (1) December 31, 1996, a $330,588 [the defendant]’s Ponzi scheme, and the investors were its only source of revenue. The revenue was pooled and invested in stocks, bonds, money ... Retrieve Doc
INTRODUCTION EMPLOYMENT WITH STANFORD
Other investments like equities, bonds, mutual funds or annuities, were intended to allow for the the client into a portfolio which may be under par, is an illegal PONZI SCHEME. This ... Retrieve Here
SENIORS: PROTECT YOURSELF AGAINST INVESTMENT FRAUD
• May be part of a Ponzi scheme • Interest on note may be guaranteed by a bogus investment. Unsuitable Recommendations Indexed Annuities • Insurance and securities products • High surrender charges and lengthy surrender periods ... Return Document
COMMISSION REACHES $4.3 MILLION SETTLEMENT WITH A PHOENIX ...
The fraudulent sales of charitable gift annuities by insurance agents. One Vision and Marx agreed to pay $4.3 million in restitution. Through an elaborate Ponzi scheme it is alleged that Dillie took in more than $44 million, ... View This Document
IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT ...
Counterfeit annuities and investment products to investors. b) Allen is the owner of J. Allen and Associates, Inc. (“J. Allen, Inc.”), a Tennessee instruments to a number of clients as part of a Ponzi scheme. Black’s scheme collapsed and, in 2011, ... Retrieve Content
DENISE VOIGT CRAWFORD CHAIRMAN JOHN R. MORGAN State ...
Of interest in analyst research, charitable gift annuities, and oil and natural gas scams. of Mid-America, ran what amounted to a $54 million Ponzi scheme through a network of independent insurance agents, financai pll anners and accountants. ... Fetch This Document
UNITED STATES DISTRICT COURT EASTERN DISTRICT OF MICHIGAN ...
Annuities. Bravata Financial has never been registered with the Commission as a broker-dealer. Throughout the offering, John Bravata and Trabulsy owned and controlled BBC Equities and to perpetuate the Fraud Defendants’ Ponzi scheme. BBC Equities paid over $2.1 million in ... Fetch Document
Investor Education Program Presentations
Variable annuities can be complex – with different types, fees, risk factors, rate of return, etc. This cover what a Ponzi Scheme is, how it works, the losses that investors can incur, red flags to watch for, ... Doc Viewer
INVESTOR ALERT: REGULATORS RELEASE UPDATED TOP 10 LIST OF ...
Variable annuities. The Top 10, ranked in order of prevalence and seriousness, are: 1. Ponzi Schemes 2. Senior Investment Fraud 3. Promissory Notes 4. bank scheme in which 102 investors lost $4.5 million. In another case, two California men were ... Return Document
ALBERT BARGER - Welcome To Morethings.com
There are numerous ways to go about digging out of this mess, including purchasing private annuities for current and near-term recipients, of this corrupt system altogether- putting their money into legitimate retirement investments instead of a government ponzi scheme. ... Read Content
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