Financial Advisor and Stockbroker Fraud

NYLIFE Securities Advisor Felix Chu - Ponzi Scam

NYLIFE Securities Advisor Felix Chu Accused In A $5 Million Ponzi Scam

NYLIFE Securities listed representative, Felix Chu, is facing allegations of defrauding two customers, where the plaintiffs are asking for $5,230,000 in restitution. The Financial Industry Regulatory Authority (FINRA) has barred Felix last year.  The regulator presented claims against Felix for defrauding investors, including senior citizens, by operating a Ponzi scheme around promissory notes. According to …

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Evelyn Batista (Merrill Lynch)

Evelyn Batista (Merrill Lynch) Broker Suspended By FINRA

A registered representative of Merrill Lynch, Evelyn Batista was suspended by the Financial Industry Regulatory Authority (FINRA) for making “reckless misrepresentations” to the Small Business Administration (SBA) to obtain an economic injury disaster loan. In 2020, the federal government initiated several programs to assist small businesses in coping with the ramifications of the COVID-19 pandemic. …

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GPB Capital Lawsuit

Federal Prosecutors Interview Former Auditor of GPB Capital; Filing Could Shed Light on Misappropriation of Funds

The unraveling of GPB Capital Holdings and the $1.8 billion Ponzi scheme that resulted in over 17,000 investors being defrauded, is now well known. It is now six months since the Department of Justice filed criminal charges against its executives. GPB Capital promised 8% returns on private placements to investors and sold the securities as …

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Hvizdzak Capital Management Charged With Fraud By SEC

Hvizdzak Capital Management Charged With Fraud By SEC

Wire fraud, money laundering, and conspiracy are the charges leveled against brothers Shane Hvizdzak and Sean Hvizdzak, who has been accused by federal regulators of making away with over $30 million in investor money through a cryptocurrency-based investment scheme. They are due to appear in federal court. The seven million is left in the scheme …

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Merrill Lynch Advisor Marcus Boggs Sentenced to 3.5 Years, Barred by FINRA, for $3M Fraud

Merrill Lynch Advisor Marcus Boggs Sentenced to 3.5 Years, Barred by FINRA, for $3M Fraud

Merrill Lynch has reimbursed $3,085,256, the full amount lost, to their clients who lost money as a result of a fraud perpetrated on them by one of their brokers, Marcus Boggs. Boggs was arrested in August 2019, trying to board an international flight from O’Hare International Airport in Chicago, after which charges were pressed against …

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