Earlier this month, the Maryland Court of Special Appeals upheld sanctions imposed against Philip Rousseaux. Rousseaux is a former financial adviser based in Towson, Maryland who is known for his “Money Guys” infomercials that aired on local television and radio stations. As a result of the court’s decision, Rousseaux and […]
The Department of Justice has charged Michael Cohn, former Chief Compliance Officer of GPB Capital Holdings, for stealing information related to an SEC investigation. The U.S. Attorney’s Office for the Eastern District of New York charged Cohn with obstruction of justice, unauthorized computer access, and unauthorized disclosure. Cohn pled not […]
Earlier this fall, the U.S. Securities and Exchange Commission (“SEC”) brought charges against Brenda Smith, a Philadelphia based investment adviser who allegedly ran a $105 million securities fraud. Smith was charged with four counts of wire fraud and one count of securities fraud. According to the SEC complaint, Smith perpetrated […]
By Tom Costello of Costello Law Group Travis Wetzel, an advisor from Frederick, Maryland was indicted on wire fraud charges last month. Wetzel was the branch operations manager at Research Financial Strategy, an advisory firm located in Rockville, Maryland. Wetzel allegedly embezzled $1,282,224 from a clients of the firm. On May 9, 2014, […]
By Tom Costello of Costello Law Group Earlier this year, after allegations of fraudulently spending ten thousand dollars with someone else’s credit card, Dana Giacchetto was charged with fraud. Giacchetto has served as financial advisor to A-list celebrities such as Matt Damon and Leonardo DiCaprio. In 2000, Giacchetto faced similar charges of embezzling […]
By Tom Costello of Costello Law Group Signator Investors, a John Hancock company, and their former employee James Glover were ordered to pay investors $1.6 million by a FINRA arbitration panel. The three victimized investors met Mr. Glover at their church in Maryland. The investors claimed that Glover fraudulently induced them to purchase […]
By Tom Costello of Costello Law Group Aubrey Lee Price, a Georgia investment advisor who allegedly of caused $40 million in damages to his clients, resurfaced. According to an Investment News article, Mr. Price was last seen in June 2012. In 2012, a Georgia court made a finding that Mr. Price was deceased. […]
