{"id":2274,"date":"2018-02-06T20:43:03","date_gmt":"2018-02-07T01:43:03","guid":{"rendered":"https:\/\/www.elderfinancialfraudattorneys.com\/?p=2274"},"modified":"2018-10-04T15:43:04","modified_gmt":"2018-10-04T19:43:04","slug":"three-individuals-charged-sec-defrauding-elderly-clients","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/three-individuals-charged-sec-defrauding-elderly-clients\/","title":{"rendered":"Three Individuals Charged by the SEC for Defrauding Elderly Clients"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/02\/pic-1.jpg\" alt=\"pic-1.jpg\" \/><\/p>\n<h2 style=\"text-align: justify;\">Allegations include the misappropriation of more than $2.6 million, much of it through a penny stock scheme<\/h2>\n<p style=\"text-align: justify;\">Elder financial fraud continues to be a serious problem in the U.S., but the Securities and Exchange Commission (SEC) is making attempts to protect senior investors. One way the agency is doing this is by increasing penalties for repeat offenders.<\/p>\n<p style=\"text-align: justify;\">Recently, the SEC charged Joseph A. Rubbo and Angela Beckcom Rubbo Monaco of Coral Springs, FL, with defrauding 11 investors, most of whom were elderly. Their <a href=\"https:\/\/www.sec.gov\/litigation\/litreleases\/2018\/lr24026.htm\"  rel=\"noopener\" target=\"_blank\"><u>penny\u00a0stock scheme<\/u><\/a>\u00a0involved getting people to invest in Rubbo and Monaco\u2019s entertainment company called \u201cVIP,\u201d as well as the Spongebuddy, a sponge\/glove cleaning product.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/three-individuals-charged-sec-defrauding-elderly-clients\/\"  title=\"Continue Reading Three Individuals Charged by the SEC for Defrauding Elderly Clients\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Allegations include the misappropriation of more than $2.6 million, much of it through a penny stock scheme Elder financial fraud continues to be a serious problem in the U.S., but the Securities and Exchange Commission (SEC) is making attempts to protect senior investors. One way the agency is doing this is by increasing penalties for [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2275,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1102],"tags":[1161],"class_list":["post-2274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-defrauding-elderly-clients"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Three Individuals Charged by the SEC for Defrauding Elderly Clients<\/title>\n<meta name=\"description\" content=\"Check out the new article Three Individuals Charged by the SEC for Defrauding Elderly Clients on elderfinancialfraudattorneys.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/three-individuals-charged-sec-defrauding-elderly-clients\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Three Individuals Charged by the SEC for Defrauding Elderly Clients\" \/>\n<meta name=\"twitter:description\" content=\"Check out the new article Three Individuals Charged by the SEC for Defrauding Elderly Clients on elderfinancialfraudattorneys.com\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2018\/02\/pic-1.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Three Individuals Charged by the SEC for Defrauding Elderly Clients","description":"Check out the new 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