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Investment Misconduct Blog

Ponzi Scheme

Former UBS Broker John Cochran Maccoll Charged with Embezzling Clients’ Money

Adam J. Marquardt August 13, 2018

If you or someone you know invested with John Cochran Maccoll, call Marquardt Law Office LLC at (312) 945-6065 to receive a free consultation about investment recovery options. Marquardt Law Office LLC previously reported UBS Financial Services Inc. discharged Maccoll amid its investigation he stole clients’ funds and had several customer claims.  Maccoll previously worked

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Invest in United RL, Percipience, or First Nationale? You May Be Able to Recover Your Losses.

Adam J. Marquardt June 29, 2018

Marquardt Law Office has received calls about losses in United RL Capital Services and Percipience Global Corporation.  The firm is interested in speaking with any individuals whose broker or investment advisor was involved in their investing in these companies or First Nationale Solution. On June 19, 2018, the Securities and Exchange Commission (“SEC”) filed federal

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Christopher Todd Wendel, Ex SA Stone Broker, Barred During Investigation of Sales of Ponzi Investment

Adam J. Marquardt June 6, 2018

On June 1, 2018, the Financial Industry Regulatory Authority, Inc. (FINRA) permanently barred Christopher Todd Wendel from associating with firms registered with FINRA.  FINRA registers and regulates stockbrokers and brokerage firms. In a Letter of Acceptance, Waiver and Consent (AWC), FINRA stated it barred Wendel because he engaged in unapproved private securities sales and gave

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James A. Nickels of Manitowoc, Wisconsin Indicted for $3 Million Ponzi Scheme

Adam J. Marquardt May 25, 2018

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

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Paul W. Smith, Ex-Bolton Global broker, Sentenced to Five Years for Ponzi Scheme

Adam J. Marquardt May 4, 2018

On May 4, 2018, the Securities and Exchange Commission (SEC) announced that Paul W. Smith was sentenced to 63 months imprisonment followed by one year of supervised release and ordered to pay $886,214 in restitution.  Smith was sentenced in criminal charges filed against him by the U.S. Attorney’s Office for the Eastern District of Pennsylvania. The

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You May Be Able to Recover Losses Suffered While Investing with Dawn Bennett or Bradely Mascho

Adam J. Marquardt April 28, 2018

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

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Daniel Glick, ex-Broker and Investment Advisor, Sentenced to More Than 12 Years for Stealing $5.2 Million from Clients

Adam J. Marquardt April 24, 2018

On April 17, 2018, the U.S. District Court for the Northern District of Illinois entered a judgement against Glick in the Securities and Exchange Commission’s civil action against him alleging fraud. That same day, the U.S. Attorney’s Office for the Northern District of Illinois announced that Daniel Glick was sentenced to more than 12 years

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Ralph Savoie Pleads Guilty to Federal Charges for his $1.5 Million Ponzi Scheme

Adam J. Marquardt April 4, 2018

According to a press release from the U.S. Attorney’s Office for the Middle District of Louisiana, on March 28, 2018, former stockbroker Ralph Savoie pled guilty to federal mail fraud charges for operating a Ponzi scheme.  Investors who lost money to Savoie may still have recovery options. The U.S. Attorney’s Office reported Savoie admitted in

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Kevin Wanner Pleads Guilty to Federal Charges for his $3 Million Ponzi Scheme Defrauding North Dakota Residents

Adam J. Marquardt April 3, 2018

According to the Bismarck Tribune, former stockbroker Kevin Wanner pled guilty in March 2018 to federal mail fraud and money laundering charges.  Investors who lost money to Wanner may still have recovery options. Charges against Wanner stem from his Ponzi scheme that allegedly bilked 66 North Dakota investors out of more than $3 million. Wanner

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