Wall Street Investment Fraud Lawyer Blog

According to Business Insurance, the Chicago Police Department is being sued by a sergeant on the force for overtime that he asserts was earned while using his smart-phone while he was off the clock. The lawsuit is a proposed class action. Pursuant to the Fair Labor Standards Act (FLSA), nonexempt employees are to be compensated for…

The Doss Firm, LLC is proud to announce that attorneys Joy and Jason Doss accepted an invitation to join the Logan Bleckley Inn of Court chapter of the American Inns of Court. The Logan Bleckley Inn of Court is an organization of Atlanta area trial lawyers and judges dedicated to the promotion of ethics and professionalism in…

The Financial Industry Regulatory Authority (FINRA) has issued a warning to investors regarding high-yield investment programs (HYIPs), which are Internet-based Ponzi schemes. These HYIPs claim to offer extraordinary returns of 20% to 100% or even more per day. FINRA warns that these HYIPs are unregistered investments that are being sold by unlicensed individuals. FINRA advises that these…

FINRA has joined with the SEC issuing an alert warning investors of scams that are exploiting the oil spill in the gulf. Scammers are “promising financial gains from investments in companies that claim to be involved in cleanup operations.” Along with the warning, FINRA provides several tips to avoid these type of scams. First, FINRA suggests…

According to the Washington Post, one out of five Americans above 65 has been the victim of a financial scheme. Elder fraud is so rampant that each year money stolen from seniors adds up to more than $2.6 billion. Statistics also show that more than a third of elderly individuals over seventy have some sort of…

The financial publication On Wall Street published an article today discussing the fate of Michael Dimare, a former ING Financial broker who was recently permanantly barred by securities regulator FINRA for scamming approximately 22 victims out of approximately $2 million between 2001 and 2008. Accoding to Dimare’s CRD report, a report that tracks customer complaints made by…

FINRA anounced yesterday that it permanantly barred former ING Financial broker, Michael Dimare, from Ponta Vedra Beach, Florida for scamming approximately 22 victims out of approximately $2 million between 2001 and 2008. FINRA’s investigation uncovered that between 2001 and 2008, Dimare persuaded his clients to invest in fictitious investments. Between 2001 and 2006, Dimare was a…

CBS Atlanta News reported today that customers who rent movies from Red Box in the Atlanta area are complaining of being overcharged. According to the report, Red Box charges a dollar a night with no late fees but some customers are complaining that they were charged over a hundred dollars by the time they were through…

According to the Securities and Exchange Commission (SEC), USA Retirement Management Services (USARMS), managed by Francios E. Durmaz and Robert C. Pribilski, used estate planning seminars to perpetuate a Ponzi scheme. The SEC alleges that Durmaz and Pribilski, through mass mailings, invited retirees to attend estate planning seminars and then conned them into purchasing USARMS promissory notes.…

The Doss Firm is pleased to announce a favorable decision issued by the Georgia Supreme Court in a pending case against Georgia Natural Gas. Our firm, along with the firm of Strickland Brockington & Lewis, represent Charles Ellison and Susan Bresler who filed a class action lawsuit against Southstar Energy Services, LLC d/b/a Georgia Natural Gas seeking…