June 9, 2021/US SEC Edward E. Matthes, who was charged by the SEC in January 2020 with defrauding his mostly elderly retail brokerage customers and investment advisory clients, has been sentenced in a parallel criminal case to 63 months in prison and ordered to pay restitution to his victims of […]
Frauds & Scandals
SEC Charges Florida Real Estate Companies and Executive with Misappropriating Investor Money
June 7, 2021/US SEC The Securities and Exchange Commission today filed fraud charges against Coral Springs, Florida resident Larry B. Brodman and several entities he controls for misappropriating and misusing millions of dollars of investor proceeds raised in various fraudulent and unregistered securities offerings. The Commission also charged Lake Worth, […]
SEC Charges Portfolio Manager with Using Forged Document to Offer Securities to Investor
June 7, 2021/US SEC The Securities and Exchange Commission today charged Thomas Nicholas Salzano, of Secaucus, New Jersey, with using a sham loan document containing a forged signature in a fraudulent attempt to entice a $150,000 investment in a real estate joint venture located in New Jersey. According to the […]
