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https://www.forbes.com/sites/billsinger/2012/03/21/hotel-theft-ring-stole-500-credit-card-slips/
Hotel Theft Ring Stole 500 Credit Card Slips
Hotel Theft Ring Stole 500 Credit Card Slips What can you get with 248 credit card slips? How about seventy months of room and board at a federal spa – also known as federal prison. That’s not even the full picture – not by a long shot. At the time of his arrest, Steven Reese Clark, 37, of Corpus Christi, TX ,was in po...
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https://www.forbes.com/sites/billsinger/2012/03/29/ez-pass-fraud-using-stolen-credit-cards-seems-too-easy/
EZ Pass Fraud Using Stolen Credit Cards Seems Too Easy
EZ Pass Fraud Using Stolen Credit Cards Seems Too Easy When you say "take," do you mean that literally? According to a federal criminal Complaint filed federal court in Manhattan on March 28, 2012, Rana Khandakar, 27, Brooklyn, NY; and Usawan Saelim, 27, Brooklyn, NY, are each charged with one count of conspiracy to co...
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https://www.forbes.com/sites/billsinger/2012/03/29/update-mf-globals-gordian-nots-will-require-a-prosecutors-sword/
UPDATE: MF Global's Gordian Nots Will Require A Prosecutor's Sword
UPDATE: MF Global's Gordian Nots Will Require A Prosecutor's Sword Alexander cuts the Gordian Knot, by Jean-Simon Berthélemy (1743–1811) (Photo credit: Wikipedia) Way back on December 8, 2011, I wrote the "Sweep Sweeper" column below. I got a lot of flack about it.  Many non-lawyers told me that I was wrong -- that Jon...
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https://www.forbes.com/sites/billsinger/2012/04/03/weed-whacker-krittibas-ray-strikes-again-as-defunct-brokerage-firm-ordered-to-arbitrate-customer-claims/
Weed Whacker Krittibas Ray Strikes Again As Defunct Brokerage Firm Ordered to Arbitrate Customer Claims
Weed Whacker Krittibas Ray Strikes Again As Defunct Brokerage Firm Ordered to Arbitrate Customer Claims In March 2011, Claimants Lucy and John Mattinen filed a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim against Respondents White Pacific Securities, Inc. (a FINRA member firm) and Kr...
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https://www.forbes.com/sites/billsinger/2012/04/13/sec-alleges-that-social-capitalist-ripped-off-churchgoers-with-ponzi-scam/
SEC Alleges That Social Capitalist Ripped Off Churchgoers With Ponzi Scam
SEC Alleges That Social Capitalist Ripped Off Churchgoers With Ponzi Scam Permit me to introduce you to one company and two individuals: City Capital Corporation, a Nevada corporation with its last-known headquarters in Cypress, California. City Capital is an OTC-link quoted company that purports to be in the roofing a...
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https://www.forbes.com/sites/billsinger/2012/04/20/broker-impersonates-former-83-year-old-client-in-annuity-withdrawal-request/
Broker Impersonates Former 83 Year Old Client In Annuity Withdrawal Request
Broker Impersonates Former 83 Year Old Client In Annuity Withdrawal Request Okay, so, maybe he wasn't a bad Elvis impersonator but this stockbroker didn't pull off the... [+] impersonation of his client According to a Financial Industry Regulatory Authority (“FINRA”) disciplinary Complaint filed on November 3, 2011, Re...
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https://www.forbes.com/sites/billsinger/2012/05/01/wells-fargo-settles-with-customer-but-broker-wins-expungement/
Wells Fargo Settles With Customer But Broker Wins Expungement
Wells Fargo Settles With Customer But Broker Wins Expungement In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in April 2010, public customer Claimant Phillips asserted various causes of action including breach of fiduciary duty; fraud, and negligence concerning unspecified op...
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https://www.forbes.com/sites/billsinger/2012/05/07/after-beyonce-jay-z-and-ivy-blue-lenox-hill-hospital-deals-with-medicare-fraud/
After Beyonce, Jay-Z, and Blue Ivy, Lenox Hill Hospital Deals With Medicare Fraud
After Beyonce, Jay-Z, and Blue Ivy, Lenox Hill Hospital Deals With Medicare Fraud US Attorney Preet Bharara -- is he getting ready to release "Preet's Street Beats"? A few months ago, Beyoncé checked into Lenox Hill Hospital and gave birth to her daughter Blue Ivy. Shortly thereafter, mama, baby, and proud papa Jay-Z  ...
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https://www.forbes.com/sites/billsinger/2012/05/09/finra-rejects-a-new-york-state-of-mind-when-it-comes-to-new-jersey-annuity-signatures/
FINRA Rejects A New York State Of Mind When It Comes To New Jersey Annuity Signatures
FINRA Rejects A New York State Of Mind When It Comes To New Jersey Annuity Signatures In response to the filing of a Complaint on January 12, 2012, by the Department of Enforcement of the Financial Industry Regulatory Authority (“FINRA”), Respondent Robert Joseph Kennedy III submitted an Offer of Settlement dated April...
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https://www.forbes.com/sites/billsinger/2012/05/15/feds-catch-their-illegal-limit-in-operation-phish-phry/
Feds Catch Their Illegal Limit In Operation Phish Phry
Feds Catch Their Illegal Limit In Operation Phish Phry Operation Phish Phry, a multinational investigation conducted in the United States and Egypt that commenced in 2007, revealed how Egyptian-based hackers "phished" bank account numbers and related personal identification information from an unknown number of bank cu...
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https://www.forbes.com/sites/billsinger/2012/05/15/feds-slam-deutsche-bank-but-next-day-finra-nominates-executive-to-its-board/
Feds Slam Deutsche Bank But Next Day FINRA Nominates Executive To Its Board
Feds Slam Deutsche Bank But Next Day FINRA Nominates Executive To Its Board NEW YORK, NY - MAY 03: Preet Bharara, U.S. Attorney for the Southern District of New York announces... [+] a lawsuit against banking giant Deutsche Bank and subsidiary MortgageIT during a news conference in New York on May 3, 2011 in New York C...
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https://www.forbes.com/sites/billsinger/2012/05/19/trading-platform-fraud-left-the-station-for-federal-prison/
Trading Platform Fraud Left the Station For Federal Prison
Trading Platform Fraud Left the Station For Federal Prison A train platform, which exists. Not to be confused with a trading platform, which doesn't. On November 29, 2010, William Graulich IV, 54, Henryville, PA, purported managing partner of iVest International Holdings, Inc., was charged in a federal criminal Complai...
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https://www.forbes.com/sites/billsinger/2012/05/21/hubby-dips-into-wifes-retirement-account-and-she-successfully-sues-brokerage-firm/
Hubby Dips Into Wife's Retirement Account And She Successfully Sues Brokerage Firm
Hubby Dips Into Wife's Retirement Account And She Successfully Sues Brokerage Firm Not all marriages end up happily forever after In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in June 2011, Claimant Harrington asserted breach of fiduciary duty and negligence in connection w...
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https://www.forbes.com/sites/billsinger/2012/05/22/former-merrill-lynch-colleagues-sue-each-other-in-finra-arbitration/
Former Merrill Lynch Colleagues Sue Each Other In FINRA Arbitration
Former Merrill Lynch Colleagues Sue Each Other In FINRA Arbitration In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in August 2010, Claimant Turbeville sought to recover unspecified dollar amounts of compensatory and punitive damages, attorneys, fees, and costs as a result of...
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https://www.forbes.com/sites/billsinger/2012/05/22/senate-testimony-of-sec-chair-schapiro-updates-dodd-frank-derivatives-progress/
Senate Testimony Of SEC Chair Schapiro Updates Dodd-Frank Derivatives Progress
Senate Testimony Of SEC Chair Schapiro Updates Dodd-Frank Derivatives Progress On May 21, 2012, Securities and Exchange Commission Chair Mary Schapiro testified before the U.S. Senate Committee on Banking, Housing, and Urban Affairs concerning SEC’s ongoing implementation of Title VII of the Dodd-Frank Wall Street Refo...
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https://www.forbes.com/sites/billsinger/2012/05/23/update-investment-club-fraudster-watson-pleads-guilty-in-federal-criminal-case/
UPDATE: Investment Club Fraudster Watson Pleads Guilty in Federal Criminal Case
UPDATE: Investment Club Fraudster Watson Pleads Guilty in Federal Criminal Case According to the Commodities Futures and Trading Commission (“CFTC”), federal prosecutors, and a criminal plea agreement, in 2004, Alan James Watson, 46, of Clinton Township, MI, created an investment club and served as its chief executive ...
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https://www.forbes.com/sites/billsinger/2012/05/25/fyi-finra-cites-small-firm-for-alphabet-soup-of-amlobapstand-wsp/
FYI, FINRA Cites Small Firm For Alphabet Soup of AML,OBA,PST,and WSP
FYI, FINRA Cites Small Firm For Alphabet Soup of AML,OBA,PST,and WSP For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Mahler &...
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https://www.forbes.com/sites/billsinger/2012/05/31/congress-prepares-to-sandbag-investors-and-their-financial-advisers-with-more-wall-street-self-regulation/
Congress Prepares To Sandbag Investors And Their Financial Advisers With More Wall Street Self Regulation
Congress Prepares To Sandbag Investors And Their Financial Advisers With More Wall Street Self Regulation House Financial Services committee members sit in the tiers of raised chairs, while those testifying... [+] and audience members sit below. (Photo credit: Wikipedia) Having spent a few years with the sublime, we no...
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https://www.forbes.com/sites/billsinger/2012/06/05/crumbling-marriage-collapses-on-citigroup-in-dispute-over-wifes-withdrawals/
Crumbling Marriage Collapses On Citigroup In Dispute Over Wife's Withdrawals
Crumbling Marriage Collapses On Citigroup In Dispute Over Wife's Withdrawals In a Financial Industry Regulatory Authority ("FINRA") Arbitration Statement of Claim  filed in July 2010, public customer Winograd, representing himself pro se, asserted fraud, negligent misrepresentation, breach of fiduciary duty, breach of ...
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https://www.forbes.com/sites/billsinger/2012/06/06/feds-say-all-that-glittered-at-gold-coast-futures-forex-was-not-gold/
Feds Say All That Glittered At Gold Coast Futures & Forex Was Not Gold
Feds Say All That Glittered At Gold Coast Futures & Forex Was Not Gold The notorious Mr. Ponzi in 1920 -- who knew that his brilliant scam would take on such life nearly a... [+] century later? On March 7, 2012, the Commodity Futures Trading omission filed a civil enforcement Complaint against Christopher Varlesi, ...
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https://www.forbes.com/sites/billsinger/2012/06/06/finra-sanctions-metlife-manager-in-elderly-clients-account-opening/
FINRA Sanctions MetLife Manager In Elderly Client's Account Opening
FINRA Sanctions MetLife Manager In Elderly Client's Account Opening FINRA tells manager that he should have looked more carefully at the paperwork For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, pri...
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https://www.forbes.com/sites/billsinger/2012/06/06/the-stockbrokers-friend-cousin-and-ex-wife-collide-into-one-regulatory-mess/
Stockbroker's Friend, Cousin, And Ex-Wife Collide Into One Regulatory Mess
Stockbroker's Friend, Cousin, And Ex-Wife Collide Into One Regulatory Mess The rings came off, the property was divided, and a career got temporarily sidelined In response to the filing of a Complaint on February 18, 2011, by the Department of Enforcement of the Financial Industry Regulatory Authority (“FINRA”), Respon...
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https://www.forbes.com/sites/billsinger/2012/06/08/fuggedabout-facebook-or-mf-global-get-the-stockbroker-with-the-bouncing-checks/
Fuggedabout Facebook Or MF Global, Get The Stockbroker With The Bouncing Checks
Fuggedabout Facebook Or MF Global, Get The Stockbroker With The Bouncing Checks For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issu...
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https://www.forbes.com/sites/billsinger/2012/06/11/sec-schapiro-was-grounded-while-nasdaq-greifeld-flew-in-the-cone-of-silence/
SEC Schapiro Was Grounded While NASDAQ Greifeld Flew In The Cone Of Silence
SEC Schapiro Was Grounded While NASDAQ Greifeld Flew In The Cone Of Silence The Wall Street Journal reports that on May 18, the date of the Facebook IPO, NASDAQ CEO Robert Greifeld was missing in action for some five hours: "Nasdaq CEO Lost Touch Amid Facebook Chaos" (June 11, 2012).  Apparently, amidst the stalled and...
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https://www.forbes.com/sites/billsinger/2012/06/19/forex-private-securities-transactions-earn-stockbroker-fine-and-suspension/
FOREX Private Securities Transactions Earn Stockbroker Fine And Suspension
FOREX Private Securities Transactions Earn Stockbroker Fine And Suspension For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Da...
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https://www.forbes.com/sites/billsinger/2012/07/09/update-american-greed-felon-eric-stein-sentenced-in-petscam-com-case/
UPDATE: "American Greed" Felon Eric Stein Sentenced in PetScam.com Case
UPDATE: "American Greed" Felon Eric Stein Sentenced in PetScam.com Case Lose your puppy? Here's a way to also lose your investment dollars. This is an update of a "Street Sweeper" column that originally ran on February 16, 2012. If the name “Eric Stein” rings a bell, it’s likely because you saw him featured on CNBC's  ...
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https://www.forbes.com/sites/billsinger/2012/07/11/antitrust-divisions-new-york-office-wins-impressive-hospital-asbestos-fraud-case/
Antitrust Division's New York Office Wins Impressive Hospital Asbestos Fraud Case
Antitrust Division's New York Office Wins Impressive Hospital Asbestos Fraud Case Healthcare is big business.  You may not like that fact but you're going to have to get over it. Just witness the battle lines that were drawn over the recent Obamacare fight to get a sense of the bucks involved. The economics of treating...
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https://www.forbes.com/sites/billsinger/2012/07/12/can-the-securities-and-exchange-commission-order-lunch/
Can The Securities And Exchange Commission Order Lunch?
Can The Securities And Exchange Commission Order Lunch? WASHINGTON, DC - SEPTEMBER 19: SEC Chairman Mary Schapiro (3rd L) and commissioners (L-R) Troy... [+] Paredes, Elisse Walter, and Luis Aguilar listen during a meeting at the U.S. Securities and Exchange Commission September 19, 2011 in Washington, DC. The commissi...
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https://www.forbes.com/sites/billsinger/2012/07/13/morgan-stanley-broker-barred-for-bogus-restaurant-expenses/
Morgan Stanley Broker Barred For Bogus Restaurant Expenses
Morgan Stanley Broker Barred For Bogus Restaurant Expenses Michael Mclntyre entered the securities industry in 1981 with Morgan Stanley (then known as Dean Witter), where he remained until his December 22, 2009, termination for allegedly submitting false expense reimbursement forms.  Ultimately, his conduct was investi...
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https://www.forbes.com/sites/billsinger/2012/08/03/home-foreclosure-scams-mortgage-fraud-and-wall-street/
Home Foreclosure Scams, Mortgage Fraud, And Wall Street
Home Foreclosure Scams, Mortgage Fraud, And Wall Street On December 9, 2011, a federal grand jury in the Southern District of Florida indicted Lisa Wright, 46, and Cathy Saffer, 52, of Pompano Beach, FL, on one count of conspiracy, three counts of mail fraud, and three counts of wire fraud in connection with alleged ef...
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https://www.forbes.com/sites/billsinger/2012/08/06/gibson-les-paul-guitars-with-less-ebony/
Gibson Les Paul Guitars With Less Ebony
Gibson Les Paul Guitars With Less Ebony Among the guitars that I own is a Gibson Les Paul 2004 Standard Limited Edition with a 1950s neck, a transparent amber finish, and an ebony fretboard. According to the Department of Justice, I may have a problem with that fretboard. Anyone wanna buy an electric guitar cheap -- no...
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https://www.forbes.com/sites/billsinger/2012/08/08/joint-venture-collapses-into-finra-arbitration-slugfest-over-fee-division/
Joint Venture Collapses Into FINRA Arbitration Slugfest Over Fee Division
Joint Venture Collapses Into FINRA Arbitration Slugfest Over Fee Division What started out as a love fest of a joint venture ended up on the ropes in a slugfest In a Financial Industry Regulatory Authority Arbitration Statement of Claim filed in January 2010, Claimants Jones and Wealth Rescue Strategies asserted breach...
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https://www.forbes.com/sites/billsinger/2012/08/10/senator-levin-slams-department-of-justices-inaction-against-goldman-sachs/
Senator Levin Slams Department of Justice's Inaction Against Goldman Sachs
Senator Levin Slams Department of Justice's Inaction Against Goldman Sachs Subcommittee Chairman Carl Levin ,D-MI, questions Daniel Sparks, a former Goldman Sachs partner who... [+] ran the mortgage department, on Capitol Hill in Washington, DC, April 27, 2010, during a Senate Homeland and Secruity and Government Affai...
5b3be98d3a481b891525686c7d4c53cc
https://www.forbes.com/sites/billsinger/2012/08/14/make-millions-leasing-a-line-of-credit-or-go-to-jail/
Make Millions Leasing A Line Of Credit Or Go To Jail
Make Millions Leasing A Line Of Credit Or Go To Jail For starters, I want to make something very clear: The three individual defendants named in this article have merely been indicted, which means nothing more than that the prosecutors have alleged a number of criminal acts and now have the burden of proving guilt beyo...
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https://www.forbes.com/sites/billsinger/2012/08/28/the-sting-meets-reservoir-dogs-in-epic-fbi-high-yield-investment-fraud-case/
The Sting Meets Reservoir Dogs In Epic FBI High Yield Investment Fraud Case
The Sting Meets Reservoir Dogs In Epic FBI High Yield Investment Fraud Case Wall Street -- an industry with millions of employees and millions of stories. From the shocking collapses of Lehman Brothers, Bear Stearns, and MF Global, to the inexplicable plummets of Madoff and Stanford, to the miscues of Knight Capital, F...
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https://www.forbes.com/sites/billsinger/2012/08/31/feds-shred-straw-men-and-mortgage-fraudsters-in-napa-valley-case/
Feds Shred Straw Men And Mortgage Fraudsters In Napa Valley Case
Feds Shred Straw Men And Mortgage Fraudsters In Napa Valley Case Fall Garden Strawman (Photo credit: Mike Miley) Michael Ohayon, 44, San Francisco, CA,  and David Papera, 50, San Rafael, CA, formed Sage Creek Ranch LLC for the purpose of developing property in California’s Napa County – the famous wine region.  Whateve...
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https://www.forbes.com/sites/billsinger/2012/09/06/finra-bars-broker-for-loans-from-elderly-widows-and-family/
FINRA Bars Broker For Loans From Elderly Widows And Family
FINRA Bars Broker For Loans From Elderly Widows And Family In response to the filing of a Complaint on January 26, 2012, by the Department of Enforcement of the Financial Industry Regulatory Authority (“FINRA”), Respondent Thomas P. Casper submitted an Offer of Settlement dated August 15, 2012, which the regulator acce...
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https://www.forbes.com/sites/billsinger/2012/09/17/merchant-portfolio-scam-ends-with-prison/
Merchant Portfolio Scam Ends With Prison
Merchant Portfolio Scam Ends With Prison Are you being offered a real business opportunity or is it all part of a card trick? (Photo credit:... [+] Fifth World Art) In 2006, James E. Rotterman, 33, Orchard Park, NY began to advertise on www.BizBuySell.com  that he had business for sale – in order to get out the word, R...
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https://www.forbes.com/sites/billsinger/2012/09/19/countrywide-financial-victims-lining-up-to-get-paid/
Countrywide Financial Victims Lining Up To Get Paid
Countrywide Financial Victims Lining Up To Get Paid Shortly after the molten lava and ash from the eruption of the Great Recession fell upon us, on June 4, 2009, the Securities and Exchange Commission filed a Complaint  in the United States Central District of California, against Countrywide Financial Corporation execu...
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https://www.forbes.com/sites/billsinger/2012/09/20/wall-street-wrongful-termination-dispute-ends-with-a-whimper/
Wall Street Wrongful Termination Dispute Ends With A Whimper
Wall Street Wrongful Termination Dispute Ends With A Whimper In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in November 2011, Claimant Blanchard asserted wrongful termination, violation of the Massachusetts Wage Act, and breach of the implied covenant of good faith and fair ...
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https://www.forbes.com/sites/billsinger/2012/09/24/merrill-lynch-failed-to-provide-conducive-workplace-for-employee/
Merrill Lynch Failed To Provide Conducive Workplace For Employee
Merrill Lynch Failed To Provide Conducive Workplace For Employee In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in September 2010, Claimant Kirkland asserted wrongful termination, unfair business practices, tortious interference with prospective business relations, negligen...
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https://www.forbes.com/sites/billsinger/2012/09/25/investforclosures-fraudsters-hit-with-heavy-prison-terms/
InvestForClosures Fraudsters Hit With Heavy Prison Terms
InvestForClosures Fraudsters Hit With Heavy Prison Terms Savvy investors must act less like pigeons This is an update of a "Street Sweeper" column that originally ran on May 4, 2012. On November 17, 2010, a federal grand jury in the Northern District of Illinois indicted Francis X. Sanchez, then 49, of Woodstock, IL, a...
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https://www.forbes.com/sites/billsinger/2012/09/27/feds-nab-corporate-bid-rigger-in-tax-lien-auctions/
Feds Nab Corporate Bid Rigger In Tax Lien Auctions
Feds Nab Corporate Bid Rigger In Tax Lien Auctions Readers of “Street Sweeper” are familiar with our coverage of bid rigging of tax liens auctions.  On September 26, 2012, another defendant bit the federal criminal dust when Crusader Servicing Corp. Jenkintown, PA, pleaded guilty to participating in a conspiracy to rig...
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https://www.forbes.com/sites/billsinger/2012/10/10/research-reports-unravel-into-stockbrokers-outside-business-activity/
Research Reports Unravel Into Stockbroker's Outside Business Activity
Research Reports Unravel Into Stockbroker's Outside Business Activity Figuring out how to add up the FINRA fines and suspensions For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory...
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https://www.forbes.com/sites/billsinger/2012/10/15/fbi-issues-android-smartphone-malware-warning/
FBI Issues Android Smartphone Malware Warning
FBI Issues Android Smartphone Malware Warning For all those smartphone users who make fun about the iPhone, the last laugh may be on you. The Internet Crime Complaint Center (“IC3”) has issued a warning about recent malware attacks targeting Android operating systems for mobile devices. That means those of you with pho...
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https://www.forbes.com/sites/billsinger/2012/10/22/stockbroker-borrows-from-90-year-old-customer/
Stockbroker Borrows From 90 Year Old Customer
Stockbroker Borrows From 90 Year Old Customer The closer you look at this loan the more questions arise For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an ...
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https://www.forbes.com/sites/billsinger/2012/11/12/wells-fargo-embroiled-in-another-trainee-fee-dispute/
Wells Fargo Embroiled In Another Trainee Fee Dispute
Wells Fargo Embroiled In Another Trainee Fee Dispute In a Financial Industry Regulatory Authority (“FINRA”) arbitration Statement of Claim filed in April 2012, Claimant Wells Fargo Advisors sought to recover $25,000 in compensatory damages attendant to the alleged breach of a Supplementary Training Agreement to which R...
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https://www.forbes.com/sites/billsinger/2012/11/28/stockbrokers-borrowing-from-elderly-client-gets-him-barred/
Stockbroker's Borrowing From Elderly Client Gets Him Barred
Stockbroker's Borrowing From Elderly Client Gets Him Barred For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue Brian O. Putt subm...
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https://www.forbes.com/sites/billsinger/2012/12/06/undue-concentration-in-brokerage-portfolio-fails-suitability-test/
Undue Concentration In Brokerage Portfolio Fails Suitability Test
Undue Concentration In Brokerage Portfolio Fails Suitability Test In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in August 2011, Claimant Culbertson asserted breach of fiduciary duty; negligence; suitability; failure to supervise; breach of contract; respondeat superior; and...
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https://www.forbes.com/sites/billsinger/2012/12/19/19-million-ponzi-money-laundering-lawyer-slapped-with-time-served/
$19 Million Ponzi Money Laundering Lawyer Slapped With Time Served
$19 Million Ponzi Money Laundering Lawyer Slapped With Time Served The Federal Courthouse in the Southern District of New York. The graveyard of many a sophisticated... [+] con artist. This is an update of a "Street Sweeper" column that originally ran on May 2, 2011. Kenneth Starr was the owner and president of Starr &...
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https://www.forbes.com/sites/billsinger/2013/01/10/raymond-james-wrongful-discharge-case-is-a-minefield-for-stockbroker/
Raymond James Wrongful Discharge Case Is A Minefield For Stockbroker
Raymond James Wrongful Discharge Case Is A Minefield For Stockbroker Armed OZM 4 anti-personnel mine in a minefield (Photo credit: Wikipedia) In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in April 2011, Claimant Pavlovich alleged that on February 2, 2011, he was wrongfully ...
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https://www.forbes.com/sites/billsinger/2013/01/28/finra-wrongful-termination-case-fizzles/
FINRA Wrongful Termination Case Fizzles
FINRA Wrongful Termination Case Fizzles In a Financial Industry Regulatory Authority (“FINRA”) Arbitration Statement of Claim filed in August 2011, Claimant Wojnowski, Jr.  alleged wrongful termination; fraud in the inducement; and breach of contract in connection with his employment relationship with Respondents. Clai...
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https://www.forbes.com/sites/billsinger/2013/01/30/stockbroker-charged-with-outside-business-activity-for-401k-consulting/
Stockbroker Charged With Outside Business Activity For 401k Consulting
Stockbroker Charged With Outside Business Activity For 401k Consulting For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Joseph...
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https://www.forbes.com/sites/billsinger/2013/02/07/broker-charged-with-the-old-cut-and-paste-signature-shortcut/
Broker Charged With The Old Cut And Paste Signature Shortcut
Broker Charged With The Old Cut And Paste Signature Shortcut For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Arthur Apostol s...
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https://www.forbes.com/sites/billsinger/2013/02/15/finra-irate-about-cut-and-pasted-customer-signatures/
FINRA IRAte About Cut And Pasted Customer Signatures
FINRA IRAte About Cut And Pasted Customer Signatures For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Robert P. Gulan submitte...
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https://www.forbes.com/sites/billsinger/2013/02/19/supreme-court-says-k-9-dogs-sniff-was-up-to-snuff/
Supreme Court Says K-9 Dog's Sniff Was Up To Snuff
Supreme Court Says K-9 Dog's Sniff Was Up To Snuff In Florida v. Clayton Harris (U.S. Supreme Court, 568 U.S. __,February 19, 2013),  K-9 Police Officer William Wheetley of the Liberty County Florida Sheriff’s Office pulled over Clayton Harris on June 24, 2006, as part of a routine traffic stop --- an expired license p...
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https://www.forbes.com/sites/billsinger/2013/02/20/customer-paid-interest-from-nonexistent-ira/
Customer Paid Interest From Nonexistent IRA
Customer Paid Interest From Nonexistent IRA For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Donald Wayne Hastings submitted a...
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https://www.forbes.com/sites/billsinger/2013/02/22/fantabulous-tale-of-chase-bank-customers-missing-wallet/
Fantabulous Tale Of Chase Bank Customer's Missing Wallet
Fantabulous Tale Of Chase Bank Customer's Missing Wallet For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Juan Santana submitt...
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https://www.forbes.com/sites/billsinger/2013/02/23/madoff-victims-suffer-major-setback-in-federal-appeals-court/
Madoff Victims Suffer Major Setback In Federal Appeals Court
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https://www.forbes.com/sites/billsinger/2013/02/25/74-months-in-prison-for-securities-fraudster-who-targeted-foreign-investors/
74 Months In Prison For Securities Fraudster Who Targeted Foreign Investors
74 Months In Prison For Securities Fraudster Who Targeted Foreign Investors According to federal prosecutors, starting around 2005, Cliffe R. Bodden, 49, Lake Mary, FL, and S. George Milter, 33, New York, NY, respectively held themselves out as the: (Bodden) Managing Director of Lempert Capital Management, Ltd., a corp...
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https://www.forbes.com/sites/billsinger/2013/03/19/merrill-lynch-avoids-cyprus-bank-wire-disaster/
Merrill Lynch Avoids Cyprus Bank Wire Disaster
Merrill Lynch Avoids Cyprus Bank Wire Disaster For the purpose of proposing a settlement of rule violations alleged by the Financial Industry Regulatory Authority (“FINRA”), without admitting or denying the findings, prior to a regulatory hearing, and without an adjudication of any issue, Kristin Ocampo submitted a Let...
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https://www.forbes.com/sites/billsinger/2013/04/10/second-circuit-pounds-last-nail-in-madoff-plaintiffs-coffin/
Second Circuit Pounds Last Nail Into Madoff Plaintiffs' Coffin
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https://www.forbes.com/sites/billspringer/2016/01/14/lloyd-thornburg-and-the-luxury-of-speed/
Lloyd Thornburg And The Luxury Of Speed
Lloyd Thornburg And The Luxury Of Speed Team Phaedo "enjoyed" record breaking conditions in the English Channel last year. Credit Rachel... [+] Fallon-Langdon/Team Phaedo My first intoxicating taste of pure offshore sailing speed came aboard a chase boat at the start of the Transatlantic Race in Newport, Rhode Island l...
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https://www.forbes.com/sites/billspringer/2018/11/23/holiday-gift-guide-2018-top-5-ultra-exclusive-luxury-travel-destinations/
Holiday Gift Guide 2018: Top 5 Ultra Exclusive Luxury Travel Destinations
Holiday Gift Guide 2018: Top 5 Ultra Exclusive Luxury Travel Destinations The Brando in French Polynesia is a private paradise. Bill Springer One of the many things I’ve learned from my travels is that true luxury does not come from “things.” Sure, private jets, superyachts, supercars, and private islands are “things.”...
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https://www.forbes.com/sites/billspringer/2019/02/05/the-top-5-most-expensive-yachts-at-the-miami-yacht-show/
The Top 5 Most Expensive Yachts At The Miami Yacht Show
The Top 5 Most Expensive Yachts At The Miami Yacht Show Excellence V underway Burgess Summer on the beach in New England in the can be magical. But winter, um, not so much. That’s why I’m always so grateful to escape to the Miami Yacht Show every February. And this year’s show, in a new location at One Herald Plaza bet...
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https://www.forbes.com/sites/billspringer/2019/05/30/tropic-ocean-airways-brings-you-from-seaplane-to-superyacht-and-other-exclusive-destinations-too/?sh=6b4532fc32cb
Tropic Ocean Airways Brings You From Seaplane to Superyacht (And Other Exclusive Destinations)
Tropic Ocean Airways Brings You From Seaplane to Superyacht (And Other Exclusive Destinations) A Tropic Ocean Airways seaplane is the ultimate superyacht taxi in the Bahamas. Tropic Ocean Airways As I found out during a recent interview, Tropic Ocean Airways founder and CEO Rob Ceravolo is not a stereotypical seaplane ...
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https://www.forbes.com/sites/billspringer/2019/09/14/2019-monaco-yacht-show-top-10-largest-superyachts/
2019 Monaco Yacht Show: Top 10 Largest Superyachts
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https://www.forbes.com/sites/billspringer/2020/01/18/abeking--rasmussens-newly-launched-223-foot-fong-superyacht-joins-an-elite-fleet-of-new-superyacht-builds/
Abeking & Rasmussen’s Newly Launched 223-Foot-Long Superyacht Joins An Elite Fleet Of New Superyacht Builds
Abeking & Rasmussen’s Newly Launched 223-Foot-Long Superyacht Joins An Elite Fleet Of New Superyacht Builds The 226-foot-long superyacht from Abeking & Rasmussen is both modern and classic Abeking & Rasmussen The German superyacht shipyard Abeking & Rasmussen is on a roll. First, they grabbed headlines in early 2019 w...
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https://www.forbes.com/sites/billspringer/2020/01/22/dallas-cowboys-owner-jerry-joness-250-million-dollar-superyacht-is-docked-in-miami-for-the-super-bowl/
Dallas Cowboys Owner Jerry Jones’s $250 Million Dollar Superyacht Is Docked In Miami For The Super Bowl
Dallas Cowboys Owner Jerry Jones’s $250 Million Dollar Superyacht Is Docked In Miami For The Super Bowl Jerry Jones's 357-foot-long superyacht Barvo Eugenia is rumored to have cost over $250 million to ... [+] build Oceanco The Dallas Cowboys didn’t make it to the Super Bowl this year. But that doesn’t mean that Jerry...
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https://www.forbes.com/sites/billspringer/2020/02/09/the-inside-story-on-the-376-foot-long-hydrogen-powered-superyacht-bill-gates-is-reportedly-buying/
Is This 376-Foot-Long, Hydrogen-Powered Concept The Ultimate Sustainable Superyacht?
Is This 376-Foot-Long, Hydrogen-Powered Concept The Ultimate Sustainable Superyacht? The 367-foot-long hydrogen-powered sustainable superyacht from Sinot Yacht Architecture & Design. Sinot Yacht Architecture & Design With multiple media outlets reporting that Microsoft Co-Founder Bill Gates pledged well over $600 mill...
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https://www.forbes.com/sites/billspringer/2020/05/26/954-foot-long-ship-touted-to-be-the-ultimate-private-superyacht/
Exclusive First Look At The 954-Foot-Long Ship Touted To Be The ‘Ultimate Private Superyacht’
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https://www.forbes.com/sites/billspringer/2020/07/31/superyacht-influencer-interview-rafael-nadal-talks-tennis-and-how-his-new-yacht-helps-his-game/
Superyacht Influencer Interview: Rafael Nadal Talks Tennis And How His New Yacht Helps His Game
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https://www.forbes.com/sites/billspringer/2020/10/30/stylish-new-italian-powerboat-is-poised-to-meet-significant-demand/?sh=351dc1e55c95
Stylish New Italian Powerboat Is Poised To Meet Significant Demand
Stylish New Italian Powerboat Is Poised To Meet Significant Demand The newest Wally 43wallytender is a stylish high performance family boat that can go 40 knots. Alberto Cocchi Full disclosure: I’ve been in love with Wally Yachts ever since the brand’s visionary founder Luca Bassani propelled yacht design into the 21s...
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https://www.forbes.com/sites/billspringer/2020/11/12/superyacht-social-media-influencer-unveils-concept-yacht/?sh=4df15eaf6bfa
Superyacht Social Media Influencer Unveils Concept Yacht
Superyacht Social Media Influencer Unveils Concept Yacht @theyachtmogul unveils this interesting new superyacht design @theyachtmogul Norwegian Denis Suka may not be a superyacht owner, designer or builder. But his influence with well over 300,000 superyacht loving social media followers (@theyachtmogul) can’t be den...
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https://www.forbes.com/sites/billspringer/2020/12/26/feadships-superyachts-of-the-future-are-pretty-outrageous/
Feadship’s Superyachts Of The Future Are “Pretty Outrageous”
Feadship’s Superyachts Of The Future Are “Pretty Outrageous” This is what an extremely fast Feadship of the Future might look like Feadship With the global pandemic putting an even larger premium on being able to social distance in style, the world’s largest superyacht shipyards have been working hard to keep up with ...
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https://www.forbes.com/sites/billspringer/2020/12/26/this-100-mph-powerboat-delivers-reliable-speed-without-the-hassle-of-big-inboard-engines/
This 100-MPH+ Powerboat Delivers Reliable Speed Without The Hassle Of Big Inboard Engines
This 100-MPH+ Powerboat Delivers Reliable Speed Without The Hassle Of Big Inboard Engines The Canados Gladiator 411 Carbon Series is designed to hit speeds well north of 100MPH. Canados The Canados Gladiator 411 Carbon Series project was created with the US market in mind to be a reliable, problem-free, 100-MPH 41’ mo...
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https://www.forbes.com/sites/billspringer/2020/12/29/751-foot-long-superyacht-concept-valkyrie-is-only-the-beginning-for-latitude-yachts-lead-designer/
751-Foot-Long-Superyacht Concept Valkyrie Is Only The Beginning For Latitude Yachts Lead Designer
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https://www.forbes.com/sites/billspringer/2021/01/14/volvo-penta-unveils-next-generation-yacht-control-tech-to-take-the-stress-out-of-docking/
Volvo Penta Unveils Next Generation Yacht Control Tech To Take The Stress Out Of Docking
Volvo Penta Unveils Next Generation Yacht Control Tech To Take The Stress Out Of Docking Volvo Penta's new Docking Assist System is designed to take the stress out of docking. Sören Håkanlind As one of the lucky ones who’s spent a good chunk of my life on and around boats, I have to admit…I’ve had my fair share of doc...
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https://www.forbes.com/sites/billspringer/2021/01/14/wally-yachts-unveil-stylishly-innovative-80-foot-long-compact-superyacht/
Wally Yachts Unveil Stylishly Innovative 80-Foot-Long “Compact Superyacht”
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https://www.forbes.com/sites/billspringer/2021/12/31/azimutbenetti-group-named-worlds-top-producing-superyacht-builder/
Azimut|Benetti Group Named World’s Top Producing Superyacht Builder
Azimut|Benetti Group Named World’s Top Producing Superyacht Builder The Benetti Oasis 40M has a never-see-before design that reimagines what a 130-foot yacht can do. Benetti According to The Global Order Book 2021 rankings (based on actual orders for yachts over 80 feet) published Boat International, Azimut|Benetti Gr...
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https://www.forbes.com/sites/billtucker/2015/03/18/promises-promises-and-energy-storage/
Promises, Promises ...And Energy Storage
Promises, Promises ...And Energy Storage Last year, electricity grew at the fastest rate in six years. The Department of Energy reporting prices rose 3.1% in 2014. Critics of President Obama like to remind people he promised higher energy prices as a result of his energy policies. We got ‘em… well, at least on the elec...
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https://www.forbes.com/sites/billtucker/2015/05/07/wind-power-without-the-mills/
Wind Power Without The Mills
Wind Power Without The Mills Vortex Bladeless is a radical company. It wants to completely change the way we get energy from the wind. Think wind stick instead of a massive tower with blades that capture blowing winds. Wind stick. Really. Lest you think I’m mad, I've included a picture of this bladeless generator that ...
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https://www.forbes.com/sites/billvisnic/2015/08/19/traffic-deaths-on-the-rise-whats-really-to-blame/
Traffic Deaths On The Rise -- What's Really To Blame?
Traffic Deaths On The Rise -- What's Really To Blame? The National Safety Council reported this week that traffic deaths and serious injuries in the U.S. are on a pace to rise for the first time in nearly a decade. If the trend for the first six months of this year continues, the NSC says traffic fatalities in the nati...
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https://www.forbes.com/sites/billvisnic/2015/09/20/volkswagen-ceo-apologizes-for-emissions-cheating-cars-promises-internal-investigation/
As CEO Apologizes For Emissions Cheating, VW Halts Sales Of Some Diesels In U.S.
As CEO Apologizes For Emissions Cheating, VW Halts Sales Of Some Diesels In U.S. After the U.S. Environmental Protection Agency announced last week it discovered Volkswagen fitted the engine-management systems of nearly a half-million cars with special programming to cheat U.S. emissions tests, company CEO Martin Winte...
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https://www.forbes.com/sites/billwhalen/2018/08/12/go-ahead-and-the-change-the-electoral-college-but-theres-still-a-trump-presidency/
Go Ahead And Change The Electoral College, But There's Still A Trump Presidency
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https://www.forbes.com/sites/billwhalen/2019/10/03/if-bernies-time-is-up-will-his-followers-try-living-on-tulsi-time/
If Bernie’s Time Is Up, Will His Followers Try Living On Tulsi Time?
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https://www.forbes.com/sites/billwhalen/2020/11/23/de-caf-joe-and-the-trump-dts/
De-Caf Joe And The Trump D.T.’s
De-Caf Joe And The Trump D.T.’s Former Secretary of State John Kerry is back -- as President-elect Joe Biden's newly announced ... [+] climate czar. (Photo: Win McNamee/Getty Images) Getty Images Joe Biden was so kind as to send me a note earlier today – ok, it was an email to anyone and everyone who signed up for his...
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https://www.forbes.com/sites/billwhalen/2020/11/30/planes-trains-and-trumps-stage-and-staged-exit/
Planes, Trains And Trump’s Stage (And Staged) Exit
Planes, Trains And Trump’s Stage (And Staged) Exit President-elect Donald Trump and soon-to-be former President Barack Obama arrive for Trump's ... [+] inauguration in January 2017. Will Trump and Joe Biden repeat this image next month? (Photo: J. Scott Applewhite/Pool/AP/Anadolu Agency/Getty Images) Getty Images Assu...
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https://www.forbes.com/sites/billwhalen/2020/12/10/trump-ocalypse-now/
Trumpocalypse Now?
Trumpocalypse Now? President Trump addressing supporters during an October campaign appearance in Tampa. Will there be ... [+] another Florida Trump rally on Inauguration Day, kicking off a 2024 run? (Photo: Paul Hennessy/NurPhoto via Getty Images) NurPhoto via Getty Images My New Year’s resolutions include this one: ...
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https://www.forbes.com/sites/billwhalen/2020/12/12/happy-100th-birthday-george-shultz/
Happy 100th Birthday, George Shultz!
Happy 100th Birthday, George Shultz! Former Secretary of State George Shultz will celebrate his 100th birthday on Sunday, Dec. 13. ... [+] (Photo: Pascal Le Segretain/Getty Images) Getty Images Four years ago, in this same space and at a time when many Americans were on the horns of a dilemma that was the choice betwe...
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https://www.forbes.com/sites/billwhalen/2020/12/21/some-last-minute-political-shopping/
Some Last-Minute Political Shopping
Some Last-Minute Political Shopping President-elect Joe Biden getting in a little holiday shopping back in 2012. What to get the man ... [+] whose Christmas came early this year? (Photo: Saul Loeb/AFP via Getty Images) AFP via Getty Images In a year that was more naughty than nice, don’t forget about these deserving s...
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https://www.forbes.com/sites/billwhalen/2021/12/28/a-2021-new-years-quiz/?sh=1d3f507f2e87
A 2021 New Year’s Quiz
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https://www.forbes.com/sites/billybambrough/2018/05/29/a-bitcoin-halvening-is-two-years-away-heres-whatll-happen-to-the-bitcoin-price/?ref=hackernoon.com
A Bitcoin Halvening Is Two Years Away -- Here's What'll Happen To The Bitcoin Price
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https://www.forbes.com/sites/billybambrough/2018/06/07/andy-warhol-art-to-be-sold-via-blockchain-for-cryptocurrency-including-bitcoin/
Andy Warhol Art To Be Sold For Bitcoin Via Ethereum Blockchain
Andy Warhol Art To Be Sold For Bitcoin Via Ethereum Blockchain American pop artist Andy Warhol (1928 - 1987) poses with two of his works (of dancer Martha Graham)... [+] at an unspecified event, New York, New York, 1985. (Photo by DMI/The LIFE Picture Collection/Getty Images) In the latest landmark for Bitcoin, cryptoc...
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https://www.forbes.com/sites/billybambrough/2018/06/14/william-shatners-betting-on-the-bitcoin-price-with-solar-powered-mining/
William Shatner's Betting On The Bitcoin Price With Solar-Powered Mining
William Shatner's Betting On The Bitcoin Price With Solar-Powered Mining Actor William Shatner attends the premiere of NBC's 'Better Late Than Never' at Universal Studios... [+] Hollywood on November 29, 2017 in Universal City, California. (Photo by David Livingston/Getty Images) Despite the recent swings in the bitcoi...
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https://www.forbes.com/sites/billybambrough/2018/07/06/bitcoins-lightning-network-could-play-havoc-with-the-bitcoin-price/?ref=hackernoon.com
Bitcoin's Lightning Network Could Play Havoc With The Bitcoin Price
Bitcoin's Lightning Network Could Play Havoc With The Bitcoin Price Replica bitcoins are seen in this photo illustration on November 4, 2017. (Photo by Jaap... [+] Arriens/NurPhoto via Getty Images) Bitcoin's Lightning Network has been hailed as the saviour of bitcoin transactions — the thing that will allow the clunky...
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https://www.forbes.com/sites/billybambrough/2018/07/11/bitcoins-computing-power-growth-is-outpacing-the-bitcoin-price/?sh=e58cf0c2ac19
Bitcoin's Computing Power Growth Is Outpacing The Bitcoin Price
Bitcoin's Computing Power Growth Is Outpacing The Bitcoin Price Shutterstock Since last year the bitcoin hash rate — the amount of computing power used by bitcoin's network of computers to create new coins — has soared as it rushes to catch up with the bitcoin price. The sudden rise in the bitcoin price, which climbed ...
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https://www.forbes.com/sites/billybambrough/2018/07/17/big-for-bitcoin-goldman-sachs-new-ceo-is-keen-on-crypto/
Goldman Sachs' New CEO David Solomon Is Keen On Bitcoin And Crypto
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https://www.forbes.com/sites/billybambrough/2018/07/23/the-next-big-bitcoin-price-boost-could-be-just-around-the-corner/
The Next Big Bitcoin Price Boost Could Be Just Around The Corner
The Next Big Bitcoin Price Boost Could Be Just Around The Corner Brass bitcoin medals produced by Sakamoto Metal are seen at the company's workshop on January 25,... [+] 2018 in Tokyo, Japan. Sakamoto Metal, a custom medal, coin and pin badge maker in Tokyo, produces 24K gold and brass bitcoin medals that went on sale ...
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https://www.forbes.com/sites/billybambrough/2018/08/13/bitcoin-investors-eye-turkey-as-lira-plummets-20/
Bitcoin Investors Eye Turkey As Lira Plummets 20%
Bitcoin Investors Eye Turkey As Lira Plummets 20% People check currency exchange rates at a currency exchange office on August 11, 2018 in Istanbul.... [+] (Photo credit: Yasin Akgul/AFP/Getty Images) Bitcoin and cryptocurrency trading volumes on Turkey's exchanges has surged over recent days as the country battles to ...