On December 21, 2020, the Securities and Exchange Commission (SEC) filed a complaint and emergency action against Sanjeev Acharya and his real estate development company Silicon Sage Builders, alleging a $119 million securities offering fraud. Continue reading ›
Scott Silver was interviewed in a recent InvestmentNews article about Silver Law Group’s FINRA arbitration claims against the broker dealers who sold GPB Capital private placements to investors.
GPB Capital Holdings is a New York-based alternative asset management firm that raised $1.8 billion since it was founded in 2013 by Scientologist David Gentile. GPB used nearly 60 broker dealers across the country to sell private placements to individual investors. The alternative asset manager used the money to invest in companies such as auto dealerships and waste management businesses. Continue reading ›
Jose Aman, owner of the diamond-backed cryptocurrency Ponzi scheme Argyle Coin, has been indicted on federal wire fraud charges. Aman, who is based in South Florida, also owns two other companies that are linked to Argyle, Natural Diamonds Investment Co. and Eagle Diamond Group Inc. Continue reading ›
In June 2020, the U.S. Court of Appeals for the Eleventh Circuit issued an opinion in the case Isaiah v. JPMorgan Chase Bank, N.A. This landmark decision narrowly defines which claims can be brought by a court-appointed receiver for entities that perpetrated a Ponzi scheme, leaving a broad category of claims to the investor-victims to be litigated either individually or on a class action basis. Continue reading ›
On July 17, 2020, the Securities and Exchange Commission (SEC), brought fraud charges against David Hu, the co-founder and chief investment officer of International Investment Group (IIG), in Manhattan federal district court. A link to the charges can be found here.
The SEC is charging Hu with running multiple fraudulent schemes to misrepresent the performance and conceal losses in IIG’s Trade Opportunities Fund (TOF). In addition, Hu is alleged to have sold over $60 million in phony trade finance loans to investors, using the proceeds to pay back other customers who made redemption requests for earlier investments. Continue reading ›
Dustin Shafer (Dustin Paul Shafer) is a currently-registered broker employed by Newbridge Securities Corporation (CRD# 104065) in Springfield, Illinois. He previously worked for Money Concepts Capital Corp (CRD# 12963), Chase Investment Services Corp (CRD# 25574), Banc One Securities Corporation (CRD# 16999), and Edward Jones (CRD# 250). Shafer has been in the industry since 2000. Continue reading ›
Christopher Parris, who is facing federal charges related to a multi-million dollar Ponzi scheme that robbed hundreds of people of their savings, has now been accused of running a coronavirus scam by taking millions of dollars from people looking for COVID-19 personal protection equipment (PPE).
Silver Law Group is a nationally-recognized securities and investment fraud law firm representing investors. If you have losses due to a Coronavirus scam or other cause, contact Silver Law Group for a no-cost consultation at (800) 975-4345 or email@example.com. Continue reading ›
Jeffrey Dixson (CRD# 4166311) is a previously registered broker and investment adviser who was last registered with Madison Avenue Securities in Vancouver, Washington. Dixson’s BrokerCheck report includes customer disputes seeking hundreds of thousands of dollars in damages regarding the sale of GPB Capital.
Jeffrey Dixson And GPB Capital
3 of the customer disputes brought against Dixson in 2020 involve the sale of private placement investments in GPB Capital Holdings, an alternative investment company that is now accused of being a Ponzi scheme. Continue reading ›
Silver Law Group has been named a “Top Law Firm” in the 2020 edition the South Florida Legal Guide (SFLG), a leading guide to the best attorneys and law firms in the region.
Scott Silver, Silver Law Group’s managing partner, was also individually named as a “Top Lawyer”.
The lawyers and law firms included in the 2020 South Florida Legal Guide, the 20th anniversary edition, are peer-nominated based on their experience and record of achievement.
South Florida Legal Guide Top Law Firms Are “Best Of The Best”
The publisher of the SFLG, Gary Press, says “The lawyers honored in this issue are the best of the best in South Florida. It’s not a pay-to-play list. Nominations are vetted by the SFLG editorial team…We look for experienced lawyers and weigh factors such as board certifications, Martindale-Hubbell rankings, other accolades and career achievements.” Continue reading ›
A compliance executive at broker-dealer Purshe Kaplan Sterling Investments (CRD# 35747) says she has been the subject of intimidation, including having her car tampered with and being followed, for speaking up about concerns she had regarding GPB Capital Holdings.
Toni Caiazzo Neff says that when Purshe Kaplan Sterling asked her to research GPB’s private placement investments in 2016, she told her employer to not become involved with the company. Continue reading ›