Drive Planning operated an office in Fishers that was overseen by former managing partner Gerardo Linarducci, who is facing civil fraud charges from the U.S. Securities and Exchange Commission and multiple lawsuits from investors.
Jordan Chirico is facing both criminal charges and civil litigation over his alleged connections to what authorities describe as a $200-million-plus Ponzi scheme.
The FBI received more than 100,000 complaints by victims of scams over the age of 60 last year, with nearly 6,000 people losing more than $100,000.
The Secretary of State’s Securities Division announced the action Tuesday against VoCare Inc. and three of its officers.
According to a complaint, Darrin Blaine presented himself to investors as a seller of securities, despite not being registered with the state’s Securities Division. He allegedly obtained $680,000 from investors and used the funds for his personal lifestyle expenses.
U.S. Rep. Steve Buyer, a Noblesville resident, is due to report to prison on Nov. 28 to serve his sentence for insider trading.
Darrin Blaine was charged with six counts of securities violations, one count of money laundering and one count of corrupt business influence after being arrested in his home Thursday
Former Indiana congressman Steve Buyer of Noblesville was convicted by a jury in Manhattan federal court in March of four securities fraud charges.
U.S. District Judge Richard M. Berman in Manhattan also ordered Stephen Buyer of Noblesville to stay in the continental United States while four counts of securities fraud are pending against him.
Stephen Buyer is accused in court papers of engaging in insider trading during a merger of T-Mobile and Sprint, among other deals. It said he leveraged his work as a consultant and lobbyist to make illegal profits.
George R. McKown, 71, who was convicted of conspiracy to commit securities fraud and wire fraud, also was ordered to pay more than $5.2 million in restitution to his victims.
Thomas Buck built a reputation as one of the state’s top financial advisers before being sentenced to prison for securities fraud in 2019.
A businessman who was accused of taking part in a Ponzi-like scheme that robbed numerous investors of their retirement savings was convicted of conspiracy to commit securities fraud and wire fraud, federal authorities announced Monday.
Madoff enjoyed an image as a self-made financial guru whose Midas touch defied market fluctuations. But his investment advisory business was exposed in 2008 as a multibillion-dollar Ponzi scheme that wiped out people’s fortunes and ruined charities and foundations.
The owner of a Greenfield insurance and financial business was charged Wednesday with stealing $1.2 million from clients in a securities and investment fraud scheme.
Merrill Lynch terminated Buck in 2015, citing “loss of confidence” in him after 34 years at the firm.
Peter Henning, a law professor and a former SEC lawyer, said it's the first fraud case involving use of social media by the CEO of a public company.
Without a big settlement, or a resounding victory at trial, victims in the fraud would be left with an underwhelming recovery—currently 11 cents on the dollar, based on distributions of $18 million in December 2015 and $5 million last October.
The effort, dubbed “Operation Cryptosweep,” is being coordinated by the North American Securities Administrators Association.
A former finance company chief with a history of securities law violations has been ordered to pay almost $850,000 in connection with the sale of shady securities based on farm loans.
