Close

New Jersey

Adviser in Trouble After Accepting Kickbacks

By Tom Costello of Costello Law Group  Donald Toomer, an investment advisor from Henderson, Nevada, was recently indicted by a grand jury in New Jersey on fraud charges related to kick backs he received. The federal prosecutors allege that Toomer was involved in a “pump and dump” scheme. The prosecutors believe that Toomer […]

Continue Reading

New Jersey Fund Manager Charged by SEC

By Tom Costello of Costello Law Group  William J. Wells, an investment manager for a New Jersey firm named Promitor Capital Management LLC, has been charged by the Securities and Exchange Commission (SEC) with fraud. According to the SEC, Wells operated a Ponzi-like scheme. Wells allegedly told investors he would invest their money […]

Continue Reading