{"id":7721,"date":"2019-02-01T10:23:03","date_gmt":"2019-02-01T15:23:03","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=7721"},"modified":"2019-02-01T10:23:03","modified_gmt":"2019-02-01T15:23:03","slug":"charges-filed-against-john-maccoll-for-4m-ponzi-scheme-on-elderly-investors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/charges-filed-against-john-maccoll-for-4m-ponzi-scheme-on-elderly-investors\/","title":{"rendered":"Charges Filed Against John Maccoll For $4M Ponzi Scheme On Elderly Investors"},"content":{"rendered":"

In August, we told you about John Cochran Maccoll<\/a> (CRD #839441<\/a>) who was barred by FINRA after multiple fraud allegations. Since then, there have been two additional developments.<\/p>\n

Another customer has come forward and filed a complaint on 08\/16\/2018, alleging misappropriation of client funds from 10\/01\/2015 through 08\/16\/2018. The case was settled for $158,163.76. No additional information is available. This case is in addition to the previous cases we described in the earlier blog post.<\/p>\n

\"TheOn 8\/9\/2018, The U.S. Attorney’s Office for the Eastern District of Michigan filed criminal charges against Maccoll in an action initiated by the United States Securities and Exchange Commission (SEC<\/a>.) In it, the SEC detailed how Maccoll persuaded investors, mostly elderly, into investing in what he described as a \u201chighly sought after private fund investment.\u201d\u00a0 <\/em>These investors, most of them retired, used their retirement accounts to fund their alleged investments. In return, Maccoll promised a 20% return on investment, as well as diversifying their portfolios and better growth potential than their current investment portfolios.<\/p>\n

Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

In August, we told you about John Cochran Maccoll (CRD #839441) who was barred by FINRA after multiple fraud allegations. Since then, there have been two additional developments. Another customer has come forward and filed a complaint on 08\/16\/2018, alleging misappropriation of client funds from 10\/01\/2015 through 08\/16\/2018. The case was settled for $158,163.76. No […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[579,582,595,591,593,583,580],"tags":[1044,1526,136,516,1344,1527],"class_list":["post-7721","post","type-post","status-publish","format-standard","hentry","category-broker-permanently-barred","category-elder-fraud","category-investment-fraud","category-misappropriation","category-ponzi-schemes","category-sec-actions","category-stockbroker-misconduct","tag-john-maccoll","tag-john-maccoll-ubs-financial-services-inc","tag-misappropriation","tag-sec","tag-securities-fraud-attorney","tag-ubs-financial-services-inc"],"yoast_head":"\nCharges Filed Against John Maccoll For $4M Ponzi Scheme On Elderly Investors — Securities Arbitration Lawyers Blog — February 1, 2019<\/title>\n<meta name=\"description\" content=\"In August, we told you about John Cochran Maccoll (CRD #839441) who was barred by FINRA after multiple fraud allegations. 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