April29, 2025/US SEC On February 20, 2025, the Securities and Exchange Commission obtained a final judgment ordering total monetary relief of over $17 million against Zachari Cargnino and Susann Cargnino of Michigan, Gary Youssef and Julie Ann Youssef of California, and six Michigan-based companies who were charged with conducting a […]
Frauds & Scandals
SEC Charges Three Texans with Defrauding Investors in $91 Million Ponzi Scheme
April 29, 2025/US SEC The Securities and Exchange Commission today announced charges against Dallas-Fort Worth residents Kenneth W. Alexander II, Robert D. Welsh, and Caedrynn E. Conner for operating a Ponzi scheme that raised at least $91 million from more than 200 investors. According to the SEC’s complaint, between approximately […]
Statement on Jury’s Verdict in Trial of Cutter Financial Group LLC and Jeffrey Cutter
April 24, 2025/US SEC By Samuel Waldon, Acting Director, Division of Enforcement Yesterday, after a seven day trial and just over 5 hours of deliberation, a jury in the U.S. District Court for the District of Massachusetts found investment adviser Jeffrey Cutter and his advisory firm, Cutter Financial Group, LLC, […]
