[Post updated January 2019] Today’s Wall Street Journal says it all. Millions of Americans illegally claimed eligibility to the Lifeline program. Now that the FCC has cracked down on the the eligibility guidelines and misspending, the question becomes who to blame. Is it solely the fault of greedy program participants who lied on applications or […]
Former Sunwest CEO Indicted For Fraud
by Brian Mahany Former Sunwest Management CEO Jon Harder was indicted for fraud in connected with an alleged Pozi scheme. Prosecutors say he bilked investors out of over $130 million. Harder was CEO of Sunwest, a constellation of companies that purchased and operated nursing homes and assisted living facilities. Several years ago, his company went […]
Why Sue Stockbrokers if the Court Already Appointed a Receiver?
Frequently Ponzi scheme victims ask us, “Why should we sue our broker?” Often in a Ponzi scheme the court or a regulatory agency like the SEC will try to collect assets on behalf of victims who lost their money. Many clients believe that it is easier to wait for a court appointed receiver to collect […]