Monthly Archives: June 2015

Morgan Stanley Facing $400 Million Claim after Advisor has Affair with Client

By Tom Costello of Costello Law Group  Morgan Stanley advisor Ami Forte is accused of having an affair with the now deceased co-founder of the Home Shopping Network, Roy Speer. According to Mr. Speer’s widow, at the time of his death, her husband was both physically and mentally impaired. He was wheelchair bound […]

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Farm Loan Ponzi Scheme Costs Investors Millions

By Tom Costello of Costello Law Group Matthew Haab, president of Partners Inc., faces charges by the Securities and Exchange Commission (SEC) for allegedly running a Ponzi scheme. The SEC believes that Haab deceived eighty of his clients into investing in loans to farmers. The clients were told that the loans would be […]

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2001 New York Giants First Round Pick in trouble with SEC

By Tom Costello of Costello Law Group Will Allen, former Giants cornerback, has been sued by the Securities and Exchange Commission (SEC) after allegedly operating a Ponzi scheme. The SEC claims that Allen and his partner carried out the scheme in order to satisfy a $7 million debt. The investors believed that they […]

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401k Suit Settles for $27.5 million

By Tom Costello of Costello Law Group Twenty-four thousand of Ameriprise Financial Inc.’s past and present employees have settled their case against Ameriprise for $27.5 million. The retirement plan participants claimed that they were charged excessive fees by Ameriprise. The participants alleged that Ameriprise failed to ensure reasonable fees for the administrative services […]

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