Two people have been charged with running a Ponzi scheme connected to the cattle business that raised around $650 million from victims across the country. The alleged Ponzi schemers, revealed Tuesday, May 11, 2021, by an unsealed federal indictment in Colorado, are Reva Joyce Stachniw, 69, of Galesburg, Illinois, and Ron Throgmartin, 57, of Buford, Georgia. In 2020, a third man, Mark Ray, resident of Denver, was charged by criminal information in the scheme. Continue reading ›
The $100 million market valuation of Hometown International (HWIN), a publicly traded company whose sole asset is a small deli in rural New Jersey, has prompted a prominent hedge fund manager to sound the alarm about “quasi-anarchy” in the market. Continue reading ›
You’ve probably seen this statement in fine print on many investment-related documents and websites:
“Past performance does not necessarily predict future results.”
And it means exactly that—just because something performed well previously does not mean that it will perform that well in the future. That’s the nature of all investments. Continue reading ›
On Friday, May 13, 2022 the SEC (Securities and Exchange Commission) sued StraightPath Venture Partners LLC and its three founders in federal court alleging the Florida firm raised over $410 million with fraudulent promises to investors about private companies that may hold IPOs (initial public offerings). Continue reading ›
Las Vegas attorney Matthew Beasley was shot by FBI Special Agents who went to his house to interview him regarding his alleged involvement in a $300 million Ponzi scheme.
Though shot in the chest and shoulder, Beasley refused to surrender and repeatedly confessed to his involvement in the scheme, Assistant U.S. Attorney Tony Lopez of the District of Nevada said in court. Continue reading ›
Through a press release, the Commodity Futures Trading Commission (CFTC) announced the filing of an enforcement action against five individuals and five companies with misappropriation and violations of registration in connection with a scheme involving foreign currency exchanges (“forex”.) The CFCT filed the complaint in the U.S. District Court for the Southern District of Florida on January 28, 2022. Continue reading ›
So-called “romance scams” proliferate, with both women and men being taken for millions of dollars every year. The Commodity Futures Trading Commission (CFTC) has issued a press release on the topic of romance scams that cultivate a “relationship” and then move in the direction of investing in a “great opportunity” as part of a “couple.” Continue reading ›
GWG Holdings is trying to avoid bankruptcy by looking for emergency financing following the resignation of its auditor, accounting problems, and missed debt payments to L Bond investors, according to an article in the Wall Street Journal.
Silver Law Group currently represents GWG L Bonds investors, and may be able to help you recover your L Bonds losses. Please contact us at 800-975-4345 for a no-cost, confidential consultation. Continue reading ›
Since its inception, multiple financial products have appeared for investors to get into cryptocurrency. Recently, Investor.gov published a bulletin describing the risks of interest bearing crypto accounts.
Digital-based online currency, or cryptocurrency, is one of the hottest new investments around. But because it’s so new, not even seasoned investors necessarily understand everything about this online-only investment. Continue reading ›
On Friday, February 18, 2022, Silver Law Group and co-counsel filed a class action complaint against GWG Holdings and several of its principals to recover losses suffered by investors who purchased GWG’s “L Bonds”. The Complaint was filed in the United States District Court for the Northern District of Texas and alleges violations of the federal securities laws. Among other things, the Complaint states that: Continue reading ›