Bulletin

Foreign Currency Trading Firm Defrauds Investors with Promises of Stable Returns

The Securities and Exchange Commission (SEC) on July 14, 2011 filed fraud charges against the CEO of a purported foreign currency trading firm, alleging he scammed hundreds of investors with false promises of high, fixed-rate returns while secretly using their …

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ONE OUT OF FIVE AMERICANS OVER THE AGE OF 65 HAS BEEN THE VICTIM OF AN INVESTMENT SCAM

According to the Washington-based Investor Protection Trust, a nonprofit that promotes shareholder education, one out of five Americans over the age of 65 has been the victim of an investment scam. There are well over 35 million Americans over the …

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Ponzi Scheme Series: FBI Charges New Jersey Real Estate Investment Promoter Eliyahu Weinstein with Operating a Ponzi Scheme

According to the FBI complaint, Eliyahu Weinstein operated a Ponzi scheme in New Jersey beginning as early as September 2005 through an entity called Pine Projects, LLC. It appears that at least $200 million of investor capital has been lost. …

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The Private Fund Investment Advisers Registration Act of 2010 — A Flow Chart

This flow chart is designed to answer general questions that you may have about whether the Private Fund Investment Adviser Act of 2010 (“Private Fund Act”) will force you to register your advisory firm with the Securities and Exchange Commission …

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Ponzi Scheme Series: Ponzi Scheme Victims Were Awarded Relief from the Ponzi Operator’s Prime Broker

On June 24, 2010, a Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Goldman Sachs to pay $20.58 million to creditors of the Bayou Group, a hedge fund that was charged with operating a Ponzi scheme, to settle claims that the …

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