by Steven Weisman, Esq. | Feb 15, 2022 | Scam of the day
Recently a lawsuit was filed by the U.S. Commodity Futures Trading Commission (CFTC) and the Attorneys General of 27 states against precious metals company Safeguard Metals LLC and its owner Jeffrey Santulan who also used the name Jeffrey Hill accusing the company of...
by Steven Weisman, Esq. | Feb 8, 2022 | Scam of the day
Ponzi schemer Perry Santillo, known as “King Perry” was sentenced to 17.5 years in prison for his role in a Ponzi scheme he had been involved with since 2007 that stole 115 million dollars from more than a thousand investors, man of whom were elderly. His...
by Steven Weisman, Esq. | Feb 1, 2022 | Scam of the day
The Securities and Exchange Commission (SEC) recently charged Allen C. Giltman, a former registered investment professional with operating a fraudulent scheme to lure investors into purchasing non-existent certificates of deposit (CDs). The SEC alleges Giltman and...
by Steven Weisman, Esq. | Nov 12, 2021 | Scam of the day
Earlier this week, Jeff Carpoff was sentenced to the maximum sentence of thirty years in prison for operating a Ponzi scheme in which he scammed investors in his phony mobile solar generator business. Carpoff lured investors with falsified financial statements and...
by Steven Weisman, Esq. | Oct 22, 2021 | Scam of the day
In March of 2020 I told you about the Federal Trade Commission (FTC) suing the investment training company Online Trading Academy (OTA) and its principals for fraud. In September the FTC settled its claims against OTA and its principals. As a part of the settlement,...
