"As a lawyer for Ponzi Scheme victims, it never ceases to amaze me how clever some promoters are at raising money in these highly organized schemes; often these promoters are aided or abetted by banks, brokerage firms, law firms, and accounting firms who are subject to liability for participating in the scheme. We seek to [...]

Miami, FL – In a significant development, the Securities and Exchange Commission (SEC) has charged Laura Tyler Perryman, the former CEO and co-founder of Florida-based medical device startup Stimwave Technologies Inc., with defrauding investors of approximately $41 million. This alarming case involves the creation and sale of a purportedly innovative medical device, part of which [...]

Miami, FL – The Securities and Exchange Commission (SEC) has taken decisive action against Florida real estate developer Rishi Kapoor, charging him with orchestrating a massive $93 million fraud scheme. In a bold move to protect investors, the SEC has also secured an asset freeze and other emergency relief measures. From January 2018 to at [...]

Miami Beach, Florida - Chuck Roberts, a 33-year veteran of the financial battlefield with Stifel Nicolaus, found himself in the crosshairs of a different kind of war. This time, the enemy wasn't a volatile market, but eight irate investors wielding arbitration claims totaling a staggering $23.5 million. The weapon of choice? Structured notes, are complex [...]

Miami Beach, Florida - Chuck Roberts, a 33-year veteran of the financial battlefield with Stifel Nicolaus, found himself in the crosshairs of a different kind of war. This time, the enemy wasn't a volatile market, but eight irate investors wielding arbitration claims totaling a staggering $23.5 million. The weapon of choice? Structured notes, are complex [...]

In a startling revelation, the Securities and Exchange Commission (SEC) has charged John Hughes, the president and chief compliance officer of Prophecy Asset Management LP, with orchestrating a multi-year fraud. This case serves as a stark reminder of the potential pitfalls in the asset management industry and the importance of investor vigilance. The Deceptive Practices [...]

The pursuit of the American Dream often leads many to the United States, seeking opportunities for a better life. However, this dream can turn into a nightmare when unscrupulous individuals exploit the aspirations of immigrants. A recent case involving a New York businessman, Nadim Ahmed, and his fraudulent activities in the EB-5 Immigrant Investor Program [...]

In a recent groundbreaking case, the Securities and Exchange Commission (SEC) has charged five individuals and four companies in a complex pre-IPO fraud scheme. This case highlights the intricate web of deceit that can entangle investors in the pre-IPO market, a sector that often promises high returns but comes with its risks. The Scheme Unveiled [...]

On October 18, 2023, the Honorable Charles R. Breyer, presiding over the United States District Court for the Northern District of California, issued a default judgment against Thor Technologies, Inc. and its CEO and co-founder, David Chin. This judgment was related to their involvement in an unregistered offering of crypto asset securities totaling $2.6 million. [...]