The U.S. Securities and Exchange Commission has charged yet another player in the massive Ponzi scheme orchestrated by Nikolai Battoo. Marketed as PIWM, Maven Assurance or Maven Life, the Ponzi scheme is estimated to have raked in over $150 million dollars. Already the principals, Nikolai Battoo and his chief marketer Tracy Sunderlage, have been charged […]
Nikolai Battoo and Tracy Sunderlage – "Sons of Madoff"?
It’s Halloween weekend and kids throughout the country are dressed in costume. (Same for a fair amount of adults in college towns too.) 75 years ago, the public was terrified when the hit movie Son of Frankenstein was released in theaters. Today it takes more than a movie to scare most adults. For this Halloween […]
Is the End at Hand for Tracy Sunderlage & Nikolai Battoo?
We have closely followed the many legal cases surrounding Nikolai Battoo and Tracy Sunderlage. Together they, and entities controlled or involved with them, have cost investors hundreds of millions of dollars. Our clients alone have lost many millions. A sampling of the entities connected with the two men or engaged in similar activities include PIWM, […]
Sunderlage / Battoo Litigation Mired In Guernsey Court
Hundreds of Americans have suffered tremendous losses from investing with Tracy Sunderlage and Nikolai Battoo and funds related to them. Some say the two men are responsible for $1.5 billion in investor losses. One of the biggest battles being fought today concerns the whereabouts of the missing money. To date we have spoken with dozens […]
Nikolai Battoo – 10 Months Later
With great fanfare and a big press release, the SEC sued Nikolai Battoo, Tracy Sunderlage and BC Capital in September of 2012. A great number of stock fraud lawyers blasted the Internet hoping to drum up clients. If the SEC is correct, Nikolai Battoo and company have ripped off investors to the tune of $1.5 […]
Seeking Information – Ellwood L Jones and NFP Securities
by Brian Mahany Most of our blog posts seek to share general information of broad interest to our readers. From time to time, however, we write posts seeking information on a specific person, company or possible fraud. This is one such post. We are currently investigating Ellwood Jones, a stockbroker previously employed by NFP Advisor […]