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Securities Fraud

Maryland Court Upholds Sanctions Against “Money Guys” Adviser

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 […]

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GPB Capital Officer Charged with Stealing Information from SEC

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 […]

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Frederick Advisor Steals $1.2 Million Through Wire Transfers

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, […]

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Former Broker to A-List Celebrities Faces Fraud Charges

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 […]

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Towson Broker and Signator Investors Ordered to pay $1.6 million to Three Investors

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 […]

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