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Owner of New York Broker-Dealer Indicted on Charges of Securities Fraud

By Tom Costello of Costello Law Group  Guy Gentile, an owner of a broker-dealer in New York, was recently indicted on charges of securities fraud. Mr. Gentile is accused of participating in a pump and dump scheme that generated $17.2 million in trading proceeds. The scheme involved the manipulation of the share prices […]

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$6 Million Ponzi Scheme may Cost Former Broker 20 Years in Prison

By Tom Costello of Costello Law Group  A former A.G. Edwards, Merrill Lynch, and Raymond James affiliated broker is facing up to twenty years in prison after allegedly running a $6 million Ponzi scheme. Sunil Sharma allegedly raised $8.36 million from investors over a six year period for a day-trading strategy involving high […]

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Washington Adviser Accused of Wire Fraud Receives 51-month Sentence

By Tom Costello of Costello Law Group  Jeffrey M. Knutsen, a financial advisor from Bellingham, Washington, was sentenced to 51 months in prison with three years of supervised release after accusations of wire fraud. Along with prison time, U.S. District Judge James L. Robart also ordered Knutsen to pay $251,892 in restitution to […]

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Representing Clients In Baltimore And Nationwide Home Blog Frederick man Sentenced after 24 counts of Wire Fraud and Money Laundering

By Tom Costello of Costello Law Group  Former financial advisor, Travis Wetzel, was sentenced to 3 ½ years in prison, three years of supervised release, and ordered to pay $1.2 million in restitution to a former client. Wetzel was first charged in May of last year with 24 counts of wire fraud and […]

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Advisor Sentenced to 3 ½ Years after an Alleged Ponzi Scheme to Pay Off Gambling Debts

By Tom Costello of Costello Law Group  Earlier this month, U.S. District Court Judge Gary Feinerman sentenced Oscar Overbey, Jr., to three and a half years in a federal prison. The charges against Overbey, a former Ameriprise advisor, stemmed from an alleged Ponzi scheme he created to pay off gambling debts and other […]

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Paul Greenwood Receives 10 Year Sentence

By Tom Costello of Costello Law Group Paul Greenwood, a former co-owner of the New York Islanders, was sentenced to ten years in prison on fraud charges. From 1996 through the beginning of 2009, Greenwood and his business partner, Stephen Walsh, used the businesses that they operated, Westridge Capital Management Inc. and WG […]

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