April 26, 2021/US SEC The Securities and Exchange Commission today announced that it filed an emergency action and obtained a temporary restraining order and an asset freeze to stop an alleged Ponzi scheme and misappropriation of investor proceeds perpetrated by Melbourne, Florida resident Jonathan P. Maroney through several entities he […]
Frauds & Scandals
SEC Obtains Judgment Against Jewelry Wholesaler for Fraudulent Securities Offering
April 23, 2021/US SEC On April 20, 2021, the U.S. District Court for the Eastern District of New York entered a consent judgment against Gregory Altieri, of Melville, New York, for operating a fraudulent, Ponzi-like scheme that defrauded current and retired police officers and firefighters, among others, and misappropriating investor […]
SEC Charges Fund Manager and Former Race Car Team Owner with Multimillion Dollar Fraud
April 23, 2021/US SEC The Securities and Exchange Commission charged Andrew T. Franzone, former owner of a race car team, and investment adviser FF Fund Management, LLC (“FFM”) with fraudulently raising and misappropriating tens of millions of dollars from the sale of limited partnership interests in a private fund, FF […]
