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Monthly Archives: July 2014

Cabot Investment Properties Lost $5 million of Investors Retirement Savings in TICs

By Tom Costello of Costello Law Group  Cabot Investment Properties and its principals, Carlton Cabot and Timothy Kroll, were charged with real estate fraud after allegedly loosing investor money in fraudulent tenancy-in-common (TIC) deals. The investors were looking for retirement income and invested over five million dollars in eight different fraudulent TICs, causing […]

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Defiant Money Manager Banned from Securities Industry

By Tom Costello of Costello Law Group posted in Securities on Friday, July 11, 2014. Max E. Zavanelli, a Florida based money manager, was banned from the securities industry. An administrative law judge found that the SEC presented sufficient evidence to establish that Zavanelli provided misleading information to Morningstar. Zavanelli and his firm, ZPR Investment Management […]

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Four DBSI Principals Found Guilty

By Tom Costello of Costello Law Group  After a forty-two day trial, four DBSI principals were found guilty of fraud by a Boise federal jury. Douglas Swenson, Mark Ellison, David Swenson, and Jeremy Swenson were convicted of multiple fraud charges. These charges stemmed from them publically relaying that DBSI was a profitable enterprise […]

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