DoJ

Overall, the advisor defrauded at least nine clients out of $1 million, which he used to pay for tuition and mortgage payments, federal prosecutors say.

The Ponzi-like scheme used investor funds to pay other investors’ debts and cover personal expenses.

The funds paid for multiple vehicles, bedroom furniture and debts at casinos, prosecutors say.

Wall Street whistleblowers just got another reason to take their gripes directly to the SEC.

The defrauded clients included the advisor’s own in-laws, who had suffered from Alzheimer’s and a debilitating stroke.

The payout brings the distribution to more than $1.2 billion, a fraction of the more than $50 billion scam.

The claims come after internal struggles at the chapter left the boardroom “untenable,” the association says.

The bank sometimes ignored the advice of its own diligence vendors in packaging and selling loans.

Investors were bilked out of approximately $611,000, say federal prosecutors.

Massachusetts is probing whether the firm's wealth management unit steered clients toward inappropriate investments and high-cost accounts.

The beleaguered bank is reported to have been ordered by the Justice Department in late 2017 to conduct an independent investigation of the business.

Spanning 50 federal districts, the case involves criminal and civil charges for as many as 200 defendants.

The barred advisor and his brother defrauded a widow as part of a real estate investment scheme, according to federal prosecutors.

The stolen funds went to pay for his daughter’s college expenses and to reimburse other clients, according to federal prosecutors.

Authorities say the now barred broker concealed his fraud through a variety of methods, including by creating falsified tax forms and lying to accountants.

The former broker met some of his roughly 60 victims through his associations with the NFL and the University of Virginia, where he also played football, federal prosecutors said.

A 75-year-old widowed retiree allegedly lost nearly half of her $3 million investment in the scheme.

Tom Buck was once a top-ranked Barron's advisor at the wirehouse, where he worked for more than 30 years.

Advisor Munish Sood is charged with fraud and bribery by FBI and U.S. Attorney.

The move will likely be seen as a win by the opponents of the regulation.