Let’s cut to the chase, folks. A serious allegation has been made against John Woods, James Woods, Michael Mooney, and Iris Israel. The claim? They’ve been accused of conducting a Ponzi Scheme from 2012 to 2021. And we’re not talking about small potatoes here – the claimants are alleging damages to the tune of a whopping $5,000,000. Now, hold on to your hats, because this tale of investment fraud is a doozy.
What’s the Big Deal?
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Well, for starters, we’re talking about a Ponzi Scheme, an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. It’s a big deal because it’s not just illegal, but it also ruins lives, wiping out people’s hard-earned savings in the blink of an eye. The alleged perpetrators in this case were previously associated with Oppenheimer & Co. Inc. and Southport Capital. Michael Mooney, in particular, was with Oppenheimer & Co. Inc. from 2007 to 2010 and Southport Capital from 2010 to 2021.
Why Should You Care?
Well, if you’re an investor, you should be on high alert for red flags of investment fraud. For instance, promises of high returns with little or no risk, overly consistent returns, unregistered investments, or complex strategies are all warning signs. It’s your money on the line, after all. Plus, understanding this case can help you protect yourself from similar schemes in the future.
Who’s Got the Scoop?
That would be us. We’re a team of professionals who are well-versed in the ins and outs of investment fraud. We’re committed to bringing you the latest updates on this case and providing you with the information you need to stay safe in the financial world.
What’s in It for You?
Knowledge is power, my friends. By understanding the seriousness of these allegations and the red flags of investment fraud, you can protect your investments and your future. Plus, you’ll know what steps to take if you ever find yourself in a similar situation.
Now, here’s the kicker. Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating the advisor and company involved in this case. They have over 50 years of experience under their belt and a success rate of 98%. Talk about a dynamic duo!
How Can Haselkorn & Thibaut Help?
Through FINRA Arbitration, Haselkorn & Thibaut can help investors recover losses. They offer a “No Recovery, No Fee” policy, which means you won’t have to pay a dime unless they recover your losses. And to sweeten the deal, they’re offering a free consultation at 1-800-856-3352. So, if you’ve been affected by this case, don’t hesitate to reach out to them. They’re here to help you get back on your feet.
So, there you have it. A serious allegation, a potential Ponzi Scheme, and a team of professionals ready to fight for justice. Stay tuned for more updates on this case, and remember, always be vigilant when it comes to your investments.
