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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
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Clients thought they were investing in real estate developments that would be flipped for profit.
May 10
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Many of the employees who were dismissed worked in the firm’s brokerage unit, according to the allegations.
May 8
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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
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The Ponzi-like scheme used investor funds to pay other investors’ debts and cover personal expenses.
May 7
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The advisor convinced the couple to transfer their retirement savings, but they claim the money never made it to their accounts. Their attorneys say there are other victims.
May 7 -
One topic under alleged examination is the monthly process through which prices of the benchmark’s futures contracts are calculated.
May 4
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Miguel Ballestas was discharged from the firm after allegations of insider trading.
May 4
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The funds paid for multiple vehicles, bedroom furniture and debts at casinos, prosecutors say.
April 27
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The advisor fooled her victims into thinking she would invest their funds when in fact she used the money to buy luxury items and real estate, prosecutors claim.
April 23
