In June we wrote about Anderson Scott Hall, head of Abaco Securities International. At the time, Hall was awaiting trial on 20 counts of wire and mail fraud. Prosecutors say he bilked millions of dollars from teacher and school district employees near Jacksonville, Florida. Hall’s case was scheduled for trial in August but a federal […]
Justice Delayed – The Story Of Anderson Scott Hall & Abaco Securities
From 2006 through 2011, Anderson Scott Hall and the company he ran, Abaco Securities International, were household words in Jacksonville, Florida. Abaco conned many Duval County teachers and administrators into turning over their hard earned savings. Prosecutors say millions in savings. Hall’s clients were promised stable, secure investment returns from 6 to 18%. Instead of being invested, […]
Tenants In Common Fraud Leads To Award Against Broker
A Tenants in Common fraud claim resulted in an award against a major brokerage firm earlier this month. According to records obtained from the Financial Industry Regulatory Authority (FINRA), ProEquities was hit with a $448,000 arbitration award last week after a customer complained about a failed tenant in common investment. Suzy Asad filed a complaint […]
True Religion or Devil Worship? – When Fraudsters Invoke Religion
[Updated through 2021] We have been closely following the saga of Barry Minkow, former convicted fraudster who allegedly found God and become a pastor. Unfortunately Minkow was again convicted of fraud and had to do his worshipping from a prison chapel. When we first published this story, Minkow has served 7 years in prison in […]
Alleged Fraudster’s Wife Living the High Life? – Third Party Recovery
[Post updated] Within a couple weeks of the breaking news about the collapse of Bernie Madoff’s financial empire, people started questioning the possible involvement of Bernie’s wife, Ruth Madoff. Feds say her posh New York City apartment and elegant lifestyle was all financed through Bernie’s crimes. Ruth cooperated with the feds and the receiver and […]
Societe´ Generale Customer Says Bank Stole Millions
[Updated Nov. 2018] Two Societe Generale Singapore bankers have been accused of losing almost $10,000,000 in a client’s account and then attempting the hide the losses with phony statements. An Australian resident, Chan Leong Cheng, sued the bank and two of its private bankers for fraud. According to the suit, “the defendants’ management of the […]