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Tag Archives: Securities and Exchange Commission

Multi-Billion Dollar Securities Scam Surfacing On LinkedIn

As of November 3, 2011 more than 135 million professionals around the world utilize LinkedIn.com and more than 14 million students and recent college graduates around the world are LinkedIn members as of October 2011 (Source). Many internet users don’t recognized LinkedIn as a major social networking site because users don’t utilize the site daily to connect with friends and ... Read More »

Six Hundred Out Of $74 Million In Ponzi Scheme

Douglas Vaughan faces 10 to 12 years in prison after pleading guilty to wire and mail fraud charges that involved his operation of a “Ponzi” scheme where he defrauded around 600 investors of more than $74 million. Vaughan promised extraordinary returns which he obviously did not follow through with. In February of 2011, in an indictment alleging that, between 2005 ... Read More »

Multi-Million Dollar Stock Fraud Of Signalife

An attorney for South Carolina health care device company, Signalife, was arrested last week at Los Angeles International Airport (LAX) on charges related to his alleged role in a multi-million dollar market manipulation fraud scheme. The indictment charges Mitchell Stein with one count of conspiracy to commit mail fraud and wire fraud, three counts of mail fraud, three counts of ... Read More »

Mitchell Stein, Mass Joinder Lawyer, Charged by SEC in Heart Tronics Scheme Along With Wife

The Securities and Exchange Commission today charged a purported heart monitoring device company and six individuals involved in a series of fraudulent schemes to artificially inflate the company‚Äôs stock. Among those charged are a former pro football player, a Hollywood talent agent, and an attorney who masterminded the scheme. The SEC alleges that Heart Tronics installed former pro football player ... Read More »

Elderly Investors Scammed by “Man of God” Fraud

Sad Elderly Lady

  Photo Credit: Tiziano Caviglia Nigerian Citizen and Texas Resident, Samuel LeMaire, was recently sued by the SEC for alleged religious affinity fraud against elderly investors. The lawsuit filed June 7, 2010 by the SEC claims LeMaire presented himself as a “man of God” who intended to start a charitable foundation to help needy Nigerian children to investors by proposing ... Read More »

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