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The fraudulent investments advertised guaranteed returns of up to 8% annually, the regulator says.
June 1 -
Howard Price III used the funds to make purchases at clubs, bars and restaurants, say regulators.
May 31 -
Dean Mustaphalli "deceived the clients that trusted him," New York Attorney General Barbara Underwood said.
May 30 -
Former advisor Paul Marshall's prison term "will be little solace to the dozen victims who lost their life savings due to his greed and callous concern for their well-being,” the FBI says.
May 11 -
Clients thought they were investing in real estate developments that would be flipped for profit.
May 10 -
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.
May 8 -
The Ponzi-like scheme used investor funds to pay other investors’ debts and cover personal expenses.
May 7 -
The dirty little secret about elder exploitation is that almost 60% of cases involve a perpetrator who is a family member, according to a 2014 study.
May 4 -
The defrauded clients included the advisor’s own in-laws, who had suffered from Alzheimer’s and a debilitating stroke.
April 19 -
One couple in their eighties invested more than $700,000 with the alleged schemers, representing almost the entirety of their cashed-out pension, regulators say.
April 10