South Florida Securities Fraudsters can Teach Asheville about Crooked Business
An interesting Securities Fraud in Asheville looks like a day in the office for South Florida Securities Fraud attorneys….a “ businessman” was charged in a Ponzi scheme in which he allegedly cheated investors of over $13 million dollars. He is charged with securities fraud, because he did not have any type of FINRA license to trade securities. Additional federal criminal charges of mail fraud and wire fraud stem from his involvement in the mishandling of IRA’s, and assets of his investors. If you believe your stock broker has committed a fraud with your investments here in Boca Raton or Fort Lauderdale call your South Florida Securities Fraud lawyer for a consultation.
The stock broker fraud was committed allegedly by a James W. “Bill” Bailey Jr.,and others (unnamed here) as one of the many persons under investigation for defrauding investors, creating false documents that reflected falsified gains, and misleading his investors. Adding to the foreclosure crisis, Bailey purchased multiple properties in several northeastern states with the investor’s monies causing foreclosure chain reactions of tying up lenders and properties as a result of this elaborate scheme. As if the housing market needed any more help is the current foreclosure crisis? Stock broker fraud comes in many flavors from churning accounts to concentrated investments and inappropriate investments of client’s savings. If you have a question about your stock broker’s deeds, or misdeeds, contact a Florida securities fraud lawyer here in Fort Lauderdale, Aventura, Miami and Boca Raton.