A National Securities Arbitration & Investment Fraud Law Firm

Facebook IconTwitter IconLinkedIn IconJustia IconFeed Icon

Articles Tagged with elder financial fraud

Published on:

Have-You-Invested-Money-with-William-“Billy”-Nelson-and-Lost-300x200Silver Law Group is investigating claims against brokers and financial advisors who committed misconduct in Boca Raton, Florida and the surrounding area.

Boca Raton is located in Palm Beach County, Florida on the east coast of the state. The city is located less than 50 miles away from Miami and less than 20 miles away from Silver Law Group offices. As of July 2015, Boca Raton’s estimated population is just over 93,000.

Boca Raton is home to the main campus of Florida Atlantic University, also known as FAU. Additionally, major supplier of office products and services Office Depot has its global headquarters in Boca Raton.

Published on:

iStock-492125706-300x200Silver Law Group is investigating claims against brokers and financial advisors who committed securities misconduct in Orlando, Florida and the surrounding area.

Orlando is located in Orange County, Florida and has a population of just under 2.5 million as of July 2015, the third-largest metropolitan area in Florida.

Orlando is also known as the “Theme Park Capital of the World,” featuring numerous high-profile theme parks such as Disney’s Magic Kingdom, Disney’s Epcot, Universal Studios, and Seaworld. In fact, the theme parks attracted over 66 million visitors to Orland in 2015 alone.

Published on:

Florida-Broker-Peter-Gouzos-Banned-by-FINRA-300x206Silver Law Group is investigating claims against brokers and financial advisors who committed securities misconduct in Tampa, Florida and the surrounding area.

Tampa is located in Hillsborough County, Florida. It is located on the west coast of Florida on the Tampa Bay near the Gulf of Mexico. As of July 2015, Tampa’s population is estimated to be 369,075. Tampa is part of the Tampa Bay Metropolitan area, which consists of St. Petersburg and Clearwater.

Tampa features numerous attractions such as the Tampa Bay Lightning, the Tampa Bay Buccaneers, the theme park Busch Gardens, the Florida Aquarium, and crystal blue gulf beaches.

Published on:

How to Report Elder Financial Fraud on elderfinancialfraudattorneys.comSilver Law Group is investigating claims against brokers and financial advisors who committed securities misconduct in The Villages, Florida and the surrounding area.

The Villages is located in Sumter County, Florida. According to FOX Business, The Villages is the fastest-growing city in America. The city, one of the fastest-growing retirement communities, also shares the same name as The Villages retirement community. It’s a Manhattan-sized city “with more golf carts than New York has taxis,” according to a Bloomberg report.

While the elder population and retirement communities have grown relatively crime-free, the senior population is not impervious to other financial threats. For aging seniors and retirees, elder financial fraud remains a potential problem.

Published on:

Christopher Thomas Hildebrandt (CRD #1318476) is a former registered broker and investment advisor who was last employed with Principal Securities, Inc. (CRD #1137) of Cape May Court House, NJ. His previous employers are NIA Securities, L.L.C. (Now MMA Securities, LLC, CRD #44254) of New York, NY and Morgan Stanley DW INC. (CRD #7556) of Purchase, NY. He has been in the industry since 1998.

How to Report Elder Financial Fraud on elderfinancialfraudattorneys.comHildebrandt was discharged from Principal Securities on 10/30/18 after a customer complaint filed on 9/23/2018 from a trustee alleging that Hildebrandt “misappropriated funds from his mother’s trust and “effected one or more unauthorized transactions.”   No dollar amount or additional information is available.

A previous client dispute filed on 12/18/2017 alleged that Hildebrandt “misrepresented the IRA brokerage account by assuring him that the same investments were available to him if he transferred his assets from his 401k account.” Without admitting fault, the firm and Hildebrandt settled with the client for $7,414.23.

Published on:

Daniel Noah Winger (CRD #1542674) is a former registered broker whose last employer was PFS Investments Inc. (CRD #10111) of Federal Way, WA. No current employment information is available. He began in the industry in 1986.

Three Individuals Charged by the SEC for Defrauding Elderly Clients on elderfinancialfraudattorneys.comWinger was discharged by PFS on 8/10/2018 after a customer alleged that he took checks from her and deposited them into his personal bank account.

A subsequent FINRA investigation dated 8/28/2018 found that the elderly customer gave him checks made out to “Dan Winger & Associates,” totaling $100,000. The customer was under the impression that the funds would be used for her benefit, including paying any commissions associated with her brokerage account, and for taxes that became due. However, Winger deposited those checks into his own bank account. Winger then spent the monies for his own personal use.

Published on:

Broker Peter Ivan Michael Shusterman (CRD #1460819) is a registered broker and investment advisor currently registered with Sagepoint Financial (CRD #133763) of San Diego, CA. His previous employers include Sentra Securities Corporation (CRD #10249) of Phoenix, AZ, Linsco/Private Ledger Corp. (CRD #6413) of Boston, MA and First Investors Corporation (CRD #305). He has been in the industry since 1986.

How to Report Elder Financial Fraud on elderfinancialfraudattorneys.comShusterman’s most recent customer dispute was filed on 5/9/2018, alleging that Shusterman sold an investment that was not authorized during a liquidation. Based on the firm’s investigation, this claim was denied. Shusterman denied the allegation.

Previously, two customers filed a dispute on 9/5/2014 against Shusterman and Sagepoint alleging “suitability/misrepresentation/breach of fiduciary duty” on their part. The clients requested damages of $500,000, and the firm settled for $260,000. Shusterman denies the allegations, and was not a party to either the mediation or the settlement.

Published on:

The SEC recently published some guidance on variable annuities, an investment contract between an investor and an insurance company.

Winston-Turner-Facing-Allegations-of-Variable-Annuity-Fraud-300x200What It Is

A variable annuity is an investment account purchased from an insurance company that includes different types of insurance features. It can grow on a tax-deferred basis, and you can purchase one with a single payment or with regular “installment-plan” payments.

Published on:

Here’s what you need to do now

Elder financial fraud continues to be a lucrative scheme in America, which is why seniors and their loved ones always need to keep their guard up. We have previously discussed how to spot fraud and what some financial institutions are doing to prevent it, and this piece serves as a guide on what to do about the fraud that has occurred.

Victims, their family members, or caregivers should follow these steps to help limit the damage:

Published on:

He defrauded his clients – including his own in-laws – of more than $5 million

Former Chicago investment advisor Daniel Glick will be spending the next 12 years in federal prison. He received this sentence in April after being found guilty of using a Ponzi-like scheme to defraud several of his clients of $5.2 million.

From 2011 to 2017, it was revealed that Glick misappropriated funds through the three financial services and accounting firms he owned in Orland Park, Illinois: Glick & Associates Ltd., Glick Accounting Services Inc., and Financial Management Strategies, Inc.

Contact Information