SALT LAKE CITY, UTAH- Antiguos clientes de Wealth Navigation Advisors (WNA) d/b/a Oak Lane Advisors, con sede en Centerville, Utah, presentaron una demanda contra la firma de asesoría por más de $ 850,000 perdidos en un esquema Ponzi dirigido por uno de los exasesores de...
SALT LAKE CITY — Mark Fox says he met Stephen Romney Swensen 25 years ago when the two had adjacent hangars at the Ogden-Hinckley Airport. The two became friends, and Fox learned that Swensen was also a financial adviser. For 20 years, Fox had no reason...
CENTERVILLE, Utah (KUTV) — A lawsuit was filed on Tuesday against Centerville-based financial group Wealth Navigation Advisors in connection to a decade-long Ponzi scheme that resulted in around $30 million being stolen from over 50 people. A man who lost his entire retirement in the scheme...
[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Attorneys: Stephen Romney Swensen Pitched the Fictitious Fund as a “Bucket 1” Investment, But Spent the Money on Airplanes, Mistresses and Lavish Lifestyle. Swensen Took His Own Life When the Deception Was Exposed. SALT LAKE CITY – MAY 23,...
Ash Narayan Allegedly Induced Clients to Invest in Ticket Reserve Inc. (TTR) without PurpotedlyTelling them it Was Financially Distressed, that He Owned Millions of Shares of TTR Stock, or that He Secretly Obtained Nearly $2 Million in Undisclosed Finder's Fees Ash Narayan allegedly induced clients to...
American Growth Funding II LLC (“AGF II”), AGF II’s owner Ralph Johnson (“Johnson”), Portfolio Advisors Alliance (“PAA”), PAA’s owner Howard Allen (“Allen”), and PAA’s president Kerri Wasserman (“Wasserman”) were charged with securities fraud by the Securities and Exchange Commission (“SEC”). The Peiffer Wolf securities lawyers...
UDF Exhibits Characteristics Consistent with a Ponzi Scheme,” Famed Investor Alleges; Peiffer Wolf Securities Lawyers Have Been Retained by UDF Investors, Are Preparing to Take Action, and Focusing on Investors who Purchased Prior 2014 Hayman Capital Management, a hedge fund founded by Dallas investor Kyle Bass,...
Plaintiffs can now bring class actions under state Blue Sky Laws against those who aided and abetted Ponzi schemes where the investment program was purported to be related to a security traded on a national stock exchange – a “covered security” under the Securities Litigation...
Vendetta Partners, a Texas Company ran by Robert A. Helms and Janniece S. Kaelin, had its assets were frozen by the SEC after being accused of running an $18 million Ponzi scheme in purported purchases of oil and gas royalties. Robert Helms and Janniece Kaelin spent most of their investors’ money on personal...
Richard Schwartz, an investment advisor formerly in Kokomo, Indiana, has been accused by regulators of perpetrating a fraudulent investment scheme that victimized scores of investors across the country, under the umbrella of RAS & Associates, his investment advisory firm. Richard Schwartz was a licensed securities stockbroker,...
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