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Behringer Harvard funds implode

Reliable news sources have reported that Behringer Harvard Strategic Opportunity Fund I and II will report catastrophic losses to investors this Friday.  Behringer Harvard informed brokers last week of the fund problems and is preparing to tell investors.  Launched in 2005, the Behringer Harvard Strategic Opportunity Fund I raised $65 million and invested in six […]

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SEC charges resident for Puerto Rico based Ponzi scheme

The Securities and Exchange Commission today charged a Puerto Rico resident and his company with conducting a Ponzi scheme that targeted evangelical Christians and factory workers in Puerto Rico. The SEC alleges that Ricardo Bonilla Rojas and his firm Shadai Yire raised at least $7 million from as many as 200 investors living primarily in […]

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Regulators Subpoena 7 banks

New York Attorney General Eric Schneiderman and Connecticut Attorney General George Jepsen are jointly investigating and have requested information from JP Morgan Chase, Barclays, Royal Bank of Scotland, HSBC. UBS, Deutsche Bank and Citigroup were also named in the report by Bloomberg. In the UK the Serious Fraud Office has said it will investigate “a number […]

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Former football coach implicated in Ponzi Scheme

The SEC charged former college football Jim Donnan with fraud, alleging he teamed up with an Ohio man to conduct an $80 million Ponzi scheme that allegedly included other college coaches and former players as victims. According to the SEC, Mr. Donnan—a college football Hall of Fame inductee who guided teams at Marshall University and the […]

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Ed Wedbush CEO of Wedbush Securities suspended by FINRA

A Financial Industry Regulatory Authority hearing panel has hit Wedbush Securities with a $300,000 fine, and issued its president and founder, Edward Wedbush, a 31-day suspension along with a $25,000 fine. The August 2nd decision is a culmination of a range of offenses, inquiries and disciplinary actions dating back over a decade to February of […]

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