Tag Archives: Fraudulent investment
Renewable Energy Company Defrauded Investors Out of More Than $30 Million
Recently, the Securities and Exchange Commission (SEC) filed a civil complaint against a renewable energy company. The lawsuit, which was filed in the U.S. District Court for Central California, was brought against Patrick S. Carter and his company 808 Renewable Energy Corp. In related lawsuits, the SEC also took legal actions against several co-conspirators,… Read More »
FINRA Issues Fine for Florida Brokerage
Recently, the Financial Industry Regulatory Authority (FINRA), cited a Boca Raton brokerage firm for overcharging its clients. The company, Summit Brokerage Services, Inc. was fined a total of $75,000 and was also ordered to pay an additional $83,757 in financial restitution to affected customers. In doing so, Summit Brokerage did not admit to, or… Read More »
The Face of a Fraudster: How to Recognize a Fraudulent Investment Salesperson
Famous stories of investment fraud tend to start with the same thing: a suave, successful con man with a great plan, a Bernie Madoff type, or a Jordan Belfort. But is that really what investment fraudsters look like? Knowing what a fraudulent investment salesperson may look or act like is the first step in… Read More »
