Securities Arbitration Lawyers BlogJason Galanis Pleads Guilty in $63 Million Tribal Bond Scheme
Jason Galanis pled guilty to charges that he convinced an Oglala Sioux tribal entity to issue $63 million in tribal bonds, having associates peddle those bonds on unsuspecting investors and collecting the proceeds of the sale.
Our attorneys opened an investigation into the matter and Burnham Securities, Inc.’s (CRD# 22549) alleged role in the scheme last year.
In May 2016, the Securities and Exchange Commission (“SEC”) filed a complaint against a host of individuals, including notorious securities fraudsters Jason Galanis and his father John Galanis for defrauding investors in sham Native American tribal bonds.