by Steven Weisman, Esq. | Sep 18, 2023 | Scam of the day
Investment scams have always been with us, but according to the Federal Trade Commission, they reached 3.8 billion dollars of losses last year which was double the amount of the previous year. Many of these investment scams are promoted on social media, emails and...
by Steven Weisman, Esq. | Sep 16, 2021 | Scam of the day
Recently, Michael Ackerman was convicted in federal court of operating a cryptocurrency scam in which he and two partners scammed investors out of 30 million dollars by falsely claiming that his cryptocurrency investment fund would produce monthly returns of more than...
by Steven Weisman, Esq. | Apr 20, 2020 | Scam of the day
In the Scam of the day for March 21st, I told you about criminal charges filed against investment adviser William Neil “Doc” Gallagher who operated a multi-million dollar Ponzi scheme in which he victimized mostly elderly clients since 2014. Gallagher...
by Steven Weisman, Esq. | Dec 28, 2019 | Scam of the day
Recently the Securities and Exchange Commission (SEC) charged California investment adviser Keith Springer and his firm Springer Investment Management Inc with defrauding hundreds of his clients by failing to disclose compensation and benefits they received for...
by admin | Nov 4, 2018 | Scam of the day
Investment adviser Dawn Bennett who also hosted a syndicated talk radio show called “Financial Myth Busting” was recently convicted of seventeen counts of fraud related to investment scams she operated that swindled people who invested with her out of...
