Louis Navellier and Navellier & Associates, Inc. Allegedly Issued False Performance Claims in His Advertising Materials Louis Navellier and Navellier & Associates, Inc. from 2010 to 2013, Mr. Navellier allegedly defrauded their clients and prospective clients, by purportedly misleading them regarding the performance track record of...
Traffic Monsoon and Charles Scoville are alleged to have operated a fraudulent scam that affected over 160,000 members/investors in Traffic Monsoon throughout the world. The Securities and Exchange Commission filed a complaint against Traffic Monsoon that alleges that Traffic Monsoon raised over $200 million through...
Traffic Monsoon, LLC’s Advertising Business is Allegedly a Mirage Simply Masking the Reality that it is a Pure and Uncut Ponzi Scheme Wherein 99% of its Revenue Derived from AdPack Sales Traffic Monsoon conveyed to the world that it operated a successful advertising business. In reality...
On June 2, a team of attorneys including Woska Law Firm, The Wise Firm, and Peiffer Wolf Carr & Kane filed a complaint against Genghis Grill and related entities in the Northern District of Oklahoma. The Plaintiff alleges violations of federal minimum wage laws and...
Barry R. Bekkedam, the former owner, Chairman, and CEO of Ballamor Capital Management, LLC, is accused of committing securities fraud by the Securities and Exchange Commission (“SEC”). From April through October 2009, Bekkedam encouraged his clients and others to invest approximately $100 million in a fund...
Harry Stokes orchestrated a Ponzi scheme and defrauded investors out of millions of dollars, according to a complaint filed in North Carolina state court. Stokes was licensed to sell investment products and owned an insurance firm, Contemporary Benefits Design, located in Monroe, North Carolina. Stokes admitted to...
Daniel Howard Glick, formerly with Transamerica Financial Advisors, Inc., was barred from the securities industry by the Financial Industry Regulatory Authority (FINRA) in connection with claims Glick forged clients’ signature on documents in order to gain access to his clients’ assets. Glick forged clients’ signatures on...
Inland Diversified Real Estate Trust Inc. has said that it has agreed to merge with Kite Reality Group Trust, a publicly traded REIT in a $2.1 billion all-stock deal. The merger is expected to close between the second or third quarter will be based on...
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...
Portfolio Advisors Alliance, Inc. (Portfolio) was sanction by securities regulators, in part, due to Portfolio’s failure to perform due diligence concerning private placements, according to a settlement agreement entered into by Portfolio and the Financial Industry Regulatory Authority (FINRA). The Peiffer Wolf securities lawyers often represent...
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