Tag Archives: Fraud

SEC Charges Bank Executives Ted Awerkamp and Michael McGrath with Fraud

SEC v. Mercantile Bancorp, Inc. et al., Case No. 3:13-cv-03341-RM-BGC (C.D. Ill.).  On September 24, 2013, the SEC announced charges against Mercantile Bancorp, its former CEO Ted Awerkamp, and its former CFO Michael McGrath for failing to notice in the … Continue reading

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SEC Charges Larry Polhill with Investment Fraud

SEC v. Larry R. Polhill, Case No. EDCV13-1729 MRP (SPx) (C.D. Cal.).  On September 24, 2013, the SEC announced charges against Larry Polhill for allegedly defrauding hundreds of investors who bought promissory notes believing they were secured by collateral.  According … Continue reading

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SEC Charges 10 Brokers in Connection with the McGinn Smith Ponzi Scheme

In the Matter of Donald J. Anthony, Jr. et al., Admin Proc. No. 3-15514.  On September 23, 2013, the SEC announced charges against 10 former brokers for their roles in a $125 million investment scheme.  In 2010, the SEC filed … Continue reading

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SEC Charges Frank Spinosa and TD Bank for their Role in Rothstein Ponzi Scheme

SEC v. Frank Spinosa,  Case No. 0:13-cv-62066 (S.D. Fla.); In the Matter of TD Bank, N.A., Admin Proc. No. 3-15512.  On September 23, 2013, the SEC announced fraud charges against TD Bank and former executive Frank Spinosa for their roles in … Continue reading

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SEC Charges Stephen Kirkland and his Company The Kirkland Organization with Securities Fraud for Misleading Investors About the Returns on their Investments

SEC v. Stephen L. Kirkland and The Kirkland Organization, Inc., Case No. 1:13-cv-3150-JEC (N.D. Ga.).  On September 23, 2013, the SEC announced fraud charges against Stephen L. Kirkland and his company The Kirkland Organization, Inc. (“TKO”).  According to the SEC, … Continue reading

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SEC Charges Benjamin S. Staples and his Son Benjamin O. Staples with Profiting from Terminally Ill Patients

SEC v. Benjamin S. Staples and Benjamin O. Staples, Case No. 3:13-2575-MBS.  On September 20, 2013, the SEC announced fraud charges against Benjamin S. Staples and Benjamin O. Staples.  The SEC alleges that the Stapleses lured terminally ill people into … Continue reading

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SEC Charges Money Manager Frederick Scott with Defrauding Investors

SEC v. Frederick D. Scott, Case No. CV 13-5113 (E.D.N.Y.).  On September 13, 2013, the SEC announced fraud charges against Fredrick D. Scott whose firm ACI Capital Group was registered as an investment adviser.  In a parallel criminal action, the … Continue reading

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SEC Obtains Emergency Relief against Investment Adviser Paul Marshall for Misappropriating Client Funds

SEC v. Paul Marshall, Bridge Securities, LLC a/k/a Bridge Financial, Bridge Equity, Inc. and FOGFuels, Inc., Case No. 1:13-CV-3032 (N.D. Ga.).  On September 12, 2013, the SEC announced it filed an action seeking a temporary restraining order and other emergency … Continue reading

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SEC Files Settled Action against Brian Elrod and Nova Dean Pack in Fraudulent Promissory Note Offering

SEC v. Brian G. Elrod and Nova Dean Pack, Case No. 13-CV-02449WYD (D. Colo.).  On September 9, 2013, the SEC announced it filed settled fraud charges against Brian G. Elrod in connection with a promissory note offering for which Nova … Continue reading

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SEC Charges Brandt A. Lawler, Michael S. Lawler, Ryan G. Lawler, Timothy J. Lawler, and Pamela Hass in Offering Fraud

SEC v. Projaris Management, LLC et al., Case No. 1:13-cv-00849 (D.N.M.).  On September 9, 2013, the SEC announced fraud charges against Projaris Management, LLC, Victory Partners Financial, Joe G. Lawler, Brandt A. Lawler, Michael S. Lawler, Ryan G. Lawler, Timothy … Continue reading

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