investment fraud
Trusting Loan Thituong Nguyen and Lynn Eichenberger proved traumatic for 17 Vietnamese Americans. These victims were allegedly cheated by the two women in $2 million real estate investment fraud scheme. The women worked the scheme in two ways, according to prosecutors. In one plan Nguyen solicited the people by stating she had opportunities for property […]
Continue reading …Hedge Fund Manager Found Guilty of Fraud in $62 Million Market Timing Scheme
February 23, 2012 No Comment
Hedge fund adviser Pentagon Capital Management PLC (PCM) and Lewis Chester, PCM’s Chief Executive Officer, “egregiously violated” the federal laws and were found guilty of securities fraud by United States District Judge Robert W. Sweet of the Southern District of New York. PCM is based in the United Kingdom. In his opinion issued on February […]
Continue reading …Exotic Vacations, Tattoo Parlor Paid with Investors Money: Broker Charged with Fraud
February 22, 2012 No Comment
GLENCOE – Illinois resident Kenneth A. Dachman was charged with securities fraud and the misappropriation of more than $1.8 million in investor funds. Dachman perpetrated his fraud by making false statements that misled investors as far as offerings in his companies were concerned, according to the Securities and Exchange Commission. Dachman was the Chairman of […]
Continue reading …Irvine Financial Advisor Accused of Theft of Client Money, Funds Used to Pay Daughter’s Private School Tuition
February 22, 2012 No Comment
IRVINE – The Securities and Exchange Commission has charged Brenda A. Eschbach with investment advisory fraud and securities fraud. The SEC accuses Eschbach with being involved in multi-year misappropriation of client funds. Eschbach, who hails from Tustin, California, has been acting as an unregistered broker, and has allegedly misappropriated $3 million in investment advisory client […]
Continue reading …
CHICAGO – U.S. District Judge David Herndon sentenced 58 year old Victoria McGee-Harris, a licensed insurance agent and securities broker operating from Swansea, to 17 ½ years in federal prison on charges of wire fraud and money laundering. McGee-Harris, who sold annuities and other financial instruments for MetLife, charmed over 50 investors, mostly elderly and […]
Continue reading …
Michael Joseph Krzyzaniak, 63, has been sentenced to 151 months in prison, the maximum allowed, for having scammed investors of $26 million. Krzyzaniak, a Twin Cities man was sentenced in federal court in Minneapolis. He perpetrated this scam by claiming celebrity endorsement. One of the celebrities in question here was pro golfer Phil Mickelson. Krzyzaniak […]
Continue reading …
