A National Securities Arbitration & Investment Fraud Law Firm
MJ Capital Funding, a business based in Pompano Beach, FL that claimed it used investor money to make merchant cash advance loans, has been accused by the Securities and Exchange Commission (SEC) of operating as a Ponzi scheme. Silver Law Group is investigating a potential class action lawsuit to help…
Scott Silver, Silver Law Group’s managing partner, was recently interviewed for an article on Investmentnews.com that details the alleged “hot air” spewed by brokers to sell $1.8 billion of GPB Capital Holdings to investors. Silver Law Group represents investors in claims to recover GPB investment losses. If you have losses…
Scott Silver, Silver Law Group’s managing partner, recently gave a presentation to the American Association of Justice on Ponzi schemes and how victims may be able to recover their losses from third party professionals. Scott is the chair of the securities fraud group of the American Association of Justice and…
The SEC recently issued a final judgment against Jose Angel Aman, the mastermind behind three Ponzi schemes involving uncut colored diamonds and cryptocurrency. The order involves disgorgement of $4.2 million in ill-gotten gains and legal fees of $325,033. Additionally, the criminal case ordered him to pay restitution of $23.9 million,…
Another Miami hedge fund has been accused of fraud by the Securities and Exchange Commission (SEC). On April 23, 2021 the SEC filed a complaint that charges Andrew Franzone and investment adviser FF Fund Management, LLC “with fraudulently raising and misappropriating tens of millions of dollars from the sale of…
Silver Law Group, a national securities and investment fraud law firm that represents Ponzi scheme victims, is investigating Harbor City Capital Corp. and its founder, Melbourne, Florida resident Jonathan P. Maroney (JP Maroney, Jonathan Paul Maroney), for running an alleged Ponzi scheme. Jonathan P. Maroney Alleged To Have Sold Unregistered…
The Securities and Exchange Commission (SEC) has obtained a temporary restraining order and asset freeze against Melbourne, Florida resident Jonathan P. Maroney, accusing him of running an ongoing Ponzi scheme through his company Harbor City Capital Corp., LLC and other entities. Although characterized as an internet marketing company, Maroney allegedly…
City National Bank is a named co-defendant in a class-action lawsuit filed in U.S. District Court for the Central District of California by victims of alleged Ponzi schemer Zachary Horwitz, a sometimes-Hollywood actor under the name Zach Avery who raised $690 million through a bogus film licensing company called 1inMM…
Broker-dealers under the Advisor Group (which includes SagePoint Financial, Royal Alliance Associates Inc., Triad, Woodbury Financial Services, and FSC Securities) have increased legal reserves by about $4.4 million compared to the prior year, according to SEC filings. According to an InvestmentNews article, Royal Alliance, SagePoint, and FSC increased their reserves…
On April 5, 2021, the United States Securities and Exchange Commission (SEC) filed a Complaint against Zachary Horwitz and 1inMM Capital arising from an alleged “offering fraud and Ponzi scheme in violation of federal securities laws.” Among other things, the SEC alleged Horowitz and 1inMM “raised over $690 million from…