Posts tagged Securities Fraud

• CSU Football Players and Alumni Are Charged with Bank Fraud

  Staff Writer | September 07, 2006 11:44 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  CSU football players and alumni are charged with bank fraud; 7 people, 5 of which are current or former CSU football players, were charged with bank fraud on September 6, 2006. According to the Larimer County District Attorney's spokeswoman Linda Jensen, "This has been an ongoing criminal investigation since November. "It went to a grand jury in February, and it is still an ongoing...

• Protection from Securities Fraud, Part III

  Staff Writer | August 15, 2006 11:46 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  This is the last part in a three part series on avoiding becoming the victim of investment fraud. Be aware of excessive delays when you request to withdrawal your money from the person or company with whom you are investing. They may give you complicated excuses for why your money is not available for withdrawal. The truth is if you are not invested in a fixed term security, like bonds, there is...

• Protection from Securities Fraud, Part II

  Staff Writer | August 14, 2006 11:43 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  This is the second part in a three part posting regarding tactics and warnings for investors to protect themselves against the prevalent crime of investment fraud.If you are new to the investment arena, exercise special caution. Often investment fraud occurs because a salesperson intimates or overwhelms a person with complex financial jargon and complicated explanations. Be sure to ask many...

• Protection from Securities Fraud, Part 1

  Staff Writer | August 13, 2006 11:39 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  The Securities Commissioner for the State of Texas provides 10 tips to help consumers prevent investment fraud and avoid becoming victims of this all-to-common crime. I found the advice is a good reminder to all of us on common sense investing. Continue reading for the first of three posts on wise investing. Would-be investors should thoroughly investigate a possible investment and the...

• Securities Fraud Checklist: Your Broker's Background

  Staff Writer | August 06, 2006 9:15 AM | 0 CommentsDenver, CO Category: Miscellaneous
  

  As part of the process of deciding who to work with to handle your investments you may consider looking up their background using NASD's Broker Check. This allows you to find out where your broker is licensed. It also allows you to find out about SOME prior complaints against your broker. It may be all the complaints, but it may not be all the complaints. You may wish to ask your broker about...

• Broker Scams - if it sounds too good to be true ...

  Staff Writer | August 05, 2006 9:11 AM | 0 CommentsDenver, CO Category: Miscellaneous
  

  While most of brokers, or financial representatives, are probably trying to do what they beleive is best for their clients, the brokers themselves may be misled, or just not know any better. Sometimes even decent brokers get convinced to sell a scam and don't realize they are participating in a scam.The old adage about "if it sounds good to be true it probably is," is so often true. Be very wary...

• Securities Fraud in Seattle

  Staff Writer | August 02, 2006 11:03 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  The Seattle Times reports that according to a Senate report, the Quellos Group, a large investment firm based in Seattle, used false securities arrangements with offshore corporations to protect rich clients from taxes by sheltering $2 billion in capital gains. Government investigators believe that these actions may have cost the U.S. Treasury over $300 million USD.Quellos, established in 1994,...

• Merrill Lynch Settles Enron Lawsuit for $29.5 Million

  Staff Writer | July 18, 2006 10:13 AM | 0 CommentsDenver, CO Category: Miscellaneous
  

  According to newratings.com, Merrill Lynch agreed to a settlement in which it will pay $29.5 million to Enron in order to resolve allegations of fraud. Enron has settled lawsuits against many financial institutions including Merrill Lynch, Lehman Brothers Holdings, CIBC and Credit Suisse after accusing them of involvement in Enron's accounting scandal.

• Hedge-Fund Fraud is a Growing Threat

  Staff Writer | July 17, 2006 10:10 AM | 0 CommentsDenver, CO Category: Miscellaneous
  

  In a recent Bloomberg.com article hedge-fund fraud was identified as a growing concern for investors. A taskforce designated by the President Bush to investigate corporate crime is meeting in July to discuss this threat. Hedge funds are lightly regulated and according to the head of the taskfoce, Deputy Attorney General Paul McNulty, hedge funds are "a good example of an emerging threat that we...

• Rocky Mtn Securities and Investments

  Staff Writer | January 30, 2006 7:45 PM | 0 CommentsDenver, CO Category: Miscellaneous
  

  According to an administrative order filed by the Securities and Exchange Commission, Stephen J. Horning, president of the failed Rocky Mountain Securities and Investments Inc. failed to take steps to avoid the financial collapse of the investment firm in February 2003. An administrative-law judge will hold a hearing to determine if the allegations are true. Horning, of Aurora, could face...