Investment adviser pleads guilty in multimillion-dollar real estate scam

Polese, who pleaded guilty in April to investment adviser fraud and bank fraud charges. in 2016 they also transferred $350,000 from his account, which was used for a real estate investment and to. Dennis Gibb, a long-time investment advisor in Redmond, pleaded guilty to defrauding 15 investors of more than $3 million.

Investment Fraud: Man Who Pretended to be Financial Adviser Pleads Guilty to $13M Scam, Ponzi Fraudster is Accused of Bilking Friends & Coworkers, and Real Estate Scammers Must Pay Back Investors $30M. Instead, Shah used the funds that investors gave him for his own use. What he did invest sustained significant losses.

used their commodities-trading and investment-advisory firm to steal from institutional investors, including university foundations and charities, to fund lavish lifestyles, speculate in real estate.

SEC Charges Former Advisor, Daughter With Running Ponzi Scheme The SEC charged a former Rockland County, New York-based investment advisor and his daughter with conducting a multimillion-dollar Ponzi.

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A former financial adviser. for his fraud. From around 2007 to 2014, Sean M. Meadows, 42, collected some $13 million through his registered investment adviser Meadows Financial Group. He said he.

As admitted at his guilty plea and as detailed in court documents, from January 2000 to March 2018, Pagartanis, a formerly licensed financial advisor and affiliate of a registered broker-dealer, solicited elderly victims to invest in real estate-related investments, including those affiliated with publicly traded entities, a Canadian company and an international hotel conglomerate.

Investment Adviser Pleads Guilty to Defrauding Investors in Multi-Million-Dollar Ponzi Scheme Loss to Investors Exceeds $30 Million

Real Estate Brokerage Owner Pleads Guilty in Multi-Million Dollar NY Fraud Scheme. During that time period, Cohen engaged in a widespread conspiracy to defraud HUD into issuing FHA mortgage insurance and to defraud banks into purchasing the FHA-backed mortgages issued to Buy-a-Home’s clients in order to earn substantial profits.

An East Setauket man today pleaded guilty to conspiracy to commit mail and wire fraud for orchestrating a Ponzi scheme over the last 18 years, federal officials said.

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A Wilmette investment adviser. 61, pleaded guilty in January to five counts of wire fraud for obtaining money from more than a dozen investors by falsely representing that their assets would be.

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