There is a new development in the 1 Global Capital and 1 West Capital bankruptcy and fraud investigations previously reported by Marquardt Law Office LLC. On August 29, 2018, the Securities and Exchange Commission (“SEC”) announced it filed charges against 1 Global Capital LLC and its CEO, Carl Ruderman. The SEC filed its complaint in
Marquardt Law Office LLC previously reported that financial advisors sold investments in 1 Global Capital and 1 West Capital to investors nationwide. These companies are bankrupt and under investigation for fraud. According to the Kansas City Star, Kansas City area advisors were among the sellers of 1 Global Capital and 1 West Capital investments. The
UPDATE: The Securities and Exchange Commission filed charges against 1 Global Capital, its CEO Carl Ruderman, 1 West Capital, and others. Click here to read more. Investment advisors sold investments in 1 Global Capital and 1 West Capital to thousands of investors nationwide. 1 Global Capital and 1 West Capital are affiliated companies that are
The U.S. Attorney’s Office announced on May 23, 2018 that a federal grand jury in the Eastern District of Wisconsin indicted James A. Nickels of Manitowoc, Wisconsin on eighteen counts of wire fraud and one count of money laundering. Prosecutors said Nickels was indicted for allegedly operating his company, The Fiscal Concierge LLC, as a
Dawn Bennett and Bradley Mascho, two ex-Western International Securities, Inc. brokers, have been accused in regulatory, criminal, and customer complaints of fraud and other misconduct causing investors millions in losses. Several of their former clients have recovered losses in arbitration claims, and others may still have claims. The latest regulatory action occurred in January 2018
Investors in Alaska Financial Company III may have options to recover losses following the fund operators settling SEC fraud charges.
On March 22, 2018, the Securities and Exchange Commission (“SEC”) announced it settled fraud charges against the operators of the Alaska Financial Company III, LLC (“AFC III”) real estate fund that was allegedly used to bilk millions of dollars from investors. AFC III is operated by Tobias Preston, his brother, Charles Preston, and his son,