by Steven Weisman, Esq. | Jun 4, 2023 | Scam of the day
Phillip Galles was recently criminally charged with operating a Ponzi scheme through which he allegedly stole more than two million dollars from unwary investors who he convinced that he was investing their money in commodity futures, but, according to federal...
by Steven Weisman, Esq. | May 20, 2023 | Scam of the day
Two days ago, federal prosecutors unsealed charges against Bryan Lee in regard to an investment scam where Lee and the previously indicted Neil Chandran operated companies that purported to be developing metaverse technologies and cryptocurrencies. They promised...
by Steven Weisman, Esq. | Apr 24, 2022 | Scam of the day
Recently the Securities and Exchange Commission (SEC) sued David W. Schamens for operating a Ponzi scheme. According to the SEC, Schamens told his victims that he would invest their funds in a pooled investment vehicle that would invest in pre-selected stocks...
by Steven Weisman, Esq. | Apr 20, 2022 | Scam of the day
Recently the Securities and Exchange Commission (SEC) sued Kay Yang of Wisconsin alleging she defrauded Hmong-American investors out of 16.5 million dollars. The Hmong are an ethnic group native to China and Southeast Asia. According to the SEC, Yang, an investment...
by Steven Weisman, Esq. | Apr 15, 2022 | Scam of the day
Donald Milne III was recently convicted and sentenced to prison for operating a Ponzi scheme involving the sale of unregistered securities of Instaprin Pharmaceuticals, a company owned by him that purportedly was developing a fast-acting form of powdered aspirin that...
