SEC Alleges Wells Real Estate, Janalie Bingham Ponzi Scheme
In August 2024, the Securities and Exchange Commission announced charges against Wells Real Estate Investment, LLC, as well as its CEO Janalie Bingham and “undisclosed control person” Jean Joseph, alleging that they operated a $56 million Ponzi scheme. MDF Law is investigating the West Palm Beach, Florida-based individuals for similar conduct. We urge investors who […]
iCap Equity Ponzi Scheme: Options for Investors
A federal judge in Yakima, Washington ruled that iCap Equity operated as a Ponzi scheme, according to a recent report by The Real Deal. In an October ruling, the judge stated that “[t]here is substantial, if not overwhelming, evidence” for the conclusion. This followed years of controversy surrounding the purported real estate firm, which filed […]
Drive Planning Faces SEC Ponzi Scheme Charges
In August the Securities and Exchange Commission (SEC) announced charges against alleged Ponzi scheme operator Drive Planning LLC and CEO Russell Burkhalter. MDF Law is investigating customer disputes involving Gerry Linarducci’s recommendations of Drive Planning. If you lost money investing in products recommended by the former Indianapolis-based MassMutual broker (CRD# 2807047), contact us for a […]
Attention Gerry Linarducci’s Drive Planning Investors
MDF Law is investigating customer complaints related to Gerry Linarducci’s recommendation of Drive Planning and REAL (real estate acceleration loans). MDF Law is investigating investor complaints against Gerry Linarducci related to his marketing and sale of REAL (Real Estate Acceleration Loans) through a company called Drive Planning. On August 13, 2024, the Securities and Exchange […]
Arete’s Shane McMillan Involved in More Customer Complaints
Shane McMillan (CRD# 5126963), a broker registered with Arete Wealth Management, allegedly made unsuitable investment recommendations. This allegation is disclosed in his BrokerCheck report, a Financial Industry Regulatory Authority (FINRA) record accessed on July 11, 2023. As this record shows, the Englewood financial professional has been involved in several investor disputes. More information about his […]
Complaint: Chris Passero Recommended Ponzi Scheme to Client
Chris Passero (CRD# 2517681), a broker registered with Money Concepts Capital, recommended unsuitable investments in alleged Ponzi-like scheme GPB Capital, according to an investor dispute. This information can be found in his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, accessed on June 29, 2023. The record identifies Mr. Passero as the president of Passero Financial […]
JD Phillips: Complaints Involving Former Charlotte Broker Settled for $2.5 Million
John Phillips (CRD# 2796242) is involved in settled or pending customer complaints alleging his recommendations resulted in substantial losses. According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, last accessed on December 17th, 2021, Mr. Phillips was most recently registered with MetLife Securities in Charlotte, North Carolina. Also known as JD Phillips, he is […]
Ponzi Scheme Investigation: deeproot Funds and Robert Mueller
Our law office is investigating arbitration cases against the financial advisors who marketed deeproot Funds to investors. If you or someone you know invested in a deeproot fund, including 575 fund or dGRD, please call us at 800-767-8040 for a free and confidential consultation. What is the lawsuit about deeproot Funds about? On August 20, […]