Monthly Archives: September 2015

Penny Stock Fraud Cost Investors $12 Million

By Tom Costello of Costello Law Group  The Securities and Exchange Commission (SEC) filed a complaint against Hans Peter Black. The founder of Interinvest Corporation is accused of defrauding investors and inflicting damages up to $12 million. The SEC believes that Black failed to disclose that he sat on the board of four […]

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Financial Planner Jailed for Ponzi Scheme

By Tom Costello of Costello Law Group  Financial planner and vice president of Capital Financial Planning, LLC, Frederick Monroe, was arrested for allegedly swindling clients out of $1.26 million. New York State Attorney General Eric Schneiderman believes that Monroe had been operating a Ponzi scheme since 2008. Monroe had clients issue checks to […]

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