Wall Street Investment Fraud Lawyer Blog

Credit-rating firms, such as Moody’s Corp., McGraw-Hill Cos.’ Standard and Poor’s and Fimalac SA’s Fitch Ratings, are facing a multitude of lawsuits regarding their ratings of mortgage-backed securities, according to the Wall Street Journal. These lawsuits stem from investors’ losses in the securities due to homeowner defaults. In response to the litigation, these credit-rating firms hope to be…

According to the Atlanta Journal Constitution (AJC), Robert Price Copeland, a Marietta, Georgia lawyer, pleaded guilty on April 20, 2009 to wire fraud relating to a ponzi scheme he had been running for five years. U.S. Attorney David E. Nahmias said that in total Copeland owes more than $28 million to 125 investors.  The investors included senior…

According to the Securities and Exchange Commission (SEC), the SEC has charged seven church leaders, in Queens, New York, for orchestrating an investment fraud scheme that took advantage of elderly church members.  It is alleged that the elderly investors were defrauded of more than $12 million.  The SEC says that the seven church leaders would make false…

It is no secret that the stock market has most of us shaking our heads these days.   Millions of Americans are watching their nest eggs dwindle.  Baby boomers have been hit the hardest because there may not be enough time to make up the losses. Amazingly, most Americans do not know that their financial advisors…

Recently, there have been numerous Georgia articles discussing the ponzi scheme committed by Marietta attorney, Robert P. Copeland. Mr. Copeland, a real estate attorney, was charged by federal prosecutors with operating a ponzi scheme from 2004-2009.  In total, Mr. Copeland duped 125 investors out of $28 million. In a recent article in the Dalton Daily Citizen, U.S. Attorney David Nahmias stated, “But we…

According to Forbes.com, a new lawsuit has been filed claiming that Bank of America aided and abetted a fraudulent investment scheme.  Specifically, the lawsuit alleges that Bank of America was so involved with the fraudster that they should be held liable for the $400 million losses sustained by investors. The suit was filed in the U.S.…

When ponzi schemes implode, there is usually no money left behind for the victims to recover.  One silver lining for victims who lost money in ponzi schemes that actually made investments is that the fraudster typically can not accomplish the fraud alone.  Collateral parties such as brokerage firms are often involved to help execute trades or be…

According to the Atlanta Journal Constitution (AJC), the U.S. Attorney Office has filed an action against Robert Price Copeland, a Marietta attorney.  The U.S. Attorney’s Office seeks to have Copeland forfeit a dozen properties that he allegedly bought with money he gained from the alleged ponzi scheme. It is alleged by the U.S. Attorney’s Office that Copeland…

The Securities and Exchange Commission (SEC) obtained a court order freezing the assets of an investment firm fraudulently claiming that Warren Buffett, the well known billionaire investor, was the firm’s honorary chairman, according to the Los Angeles Times.  It is alleged that International Realty Holdings Inc. (IRH), of Palmdale, California, and its operators, Leticia Isabel Medrano and Ottoniel…

With the state of the market as it is, individuals are more desperate making them more susceptible to fraudulent schemes. Investment fraud scammers are looking to take advantage of trusting individuals and will have no problem scamming folks out of their entire life savings.  Therefore it is critical for people to be on the look…