Posts Tagged investment fraud lawyer
Massachusetts To Check Criminal Records Of Stockbrokers
Posted by admin in Fraud Recovery on March 26, 2013
by Brian Mahany Now that’s a novel idea… check the criminal record of people seeking jobs as stockbrokers. The Massachusetts Securities Division is proposing to require applicants seeking to be licensed as stockbrokers and investment advisers to consent to a criminal background check. While the idea isn’t foolproof, its a good plan. Federal and state [...]
Victims in Stanford Ponzi Scheme To Receive Less Than 1 Penny On The Dollar
Posted by admin in Fraud Recovery on January 30, 2013
by Brian Mahany Talk about depressing story titles. Sir Allen Stanford was convicted of the second largest Ponzi scheme in American history. In 2012 he was sentenced to 110 years in federal prison, a life sentence. His crime? A Ponzi scheme that caused $7 billion in losses, mostly to American investors. Suing Stanford to recover [...]
Choices In A Modern Day World – Fraud Recovery Blog
Posted by admin in Fraud Recovery on December 15, 2012
by Brian Mahany Some say that prostitution is the world’s oldest profession. Leaving aside whether the sex trade even qualifies as a “profession,” we believe that prostitution certainly wasn’t a crime until relatively recently. There were no “ladies of the night” roaming around during the stone age but fraud was around back then and can [...]
December 11th, A Date That Will Live In Infamy – Investment Fraud Blog Post
Posted by admin in Fraud Recovery on December 11, 2012
by Brian Mahany History buffs will remember President Roosevelt’s famous speech after the bombing of Pearl Harbor. He started that speech by saying, “Yesterday, December 7th, 1941, a date that will in infamy…” He went on to inform a shocked nation about the surprise attack on Pearl Harbor. A little more recently, December 11th has [...]
Postscript on Goldman Sachs Story
Posted by admin in Fraud Recovery on April 6, 2012
by Brian Mahany When Greg Smith quit Goldman Sachs, he did it in style. He wrote an Op-Ed in the New York Times. That piece would soon go viral and has been read millions of times. Smith’s piece has special meaning to us. It seems that fraud is running rampant these days. We get calls [...]
When Lawyers and CPA’s Steal
Posted by admin in Fraud Recovery on September 12, 2011
by Brian Mahany Theft by financial professionals is rare but it happens. Statistics show that a lawyer may commit malpractice on average 3 times in his or her career but outright theft or fraud is thankfully rare. Today’s Accounting Today has an article about a Missouri CPA who stole more than $400,000 from two trusts [...]
Angry Investors!
Posted by admin in Fraud Recovery on August 20, 2011
by Brian Mahany Jason Zweig is one of my favorite columnists at the Wall Street Journal. Minutes ago I read his column in today’s WSJ, “Too Flustered to Trade: A Portrait of the Angry Investor.” Zweig’s premise is that as flustered and angry as individual investors are today, many are simply sitting on the sidelines [...]
Woman in Her 80′s Wins $880,000 from Merrill Lynch
Posted by admin in Fraud Recovery on August 9, 2011
by Brian Mahany Everyone loves a good David versus Goliath story, especially where the winner is a woman in her 80′s and the villain is a Wall Street giant. Harriet Baker and her son won $880,000 against Merrill Lynch for mismanaging her brokerage account. The sad news is that she died the day the award [...]
Stockbroker Conflicts of Interest Often Lead to Customer Losses
Posted by admin in Fraud Recovery on July 26, 2011
by Brian Mahany Stockbrokers do not have a fiduciary obligation to customers. At least not today. But they do have consider the best interests of their customers when making recommendations and they do have to make suitable recommendations. The line gets pretty fuzzy when stockbrokers have a conflict of interest – lining their pockets versus [...]
Recent Comments