InvestmentNews
A Los Angeles-based broker who was a big seller of GWG Holdings bonds is facing a staggering $7.85 million in investor lawsuits as GWG winds its way through bankruptcy proceedings and no one knows what the bonds are worth. The broker, Tony Barouti, is registered with Emerson Equity, the lead seller and underwriter of GWG […]
Aidikoff, Uhl & Bakhtiari partners Philip Aidikoff and Ryan Bakhtiari have been named Super Lawyers in the field of Securities law for 2023. Super Lawyers is a peer nominated list comprised of the top attorneys in their practice area. Mr. Aidikoff has appeared on the Super Lawyers list in the field of Securities law from […]
New York Times
Four people were arrested Thursday and charged with collectively defrauding four professional men’s basketball players out of more than $13 million, according to Damian Williams, the United States Attorney for the Southern District of New York. In one scheme, three players were allegedly persuaded to purchase more than $5 million worth of life insurance policies […]
CNBC
Former Morgan Stanley advisor Darryl Cohen was arrested on Thursday morning for allegedly defrauding current and former NBA players including Jrue Holiday, Chandler Parsons and Courtney Lee. Cohen is charged with one count of conspiracy to commit wire fraud and one count of wire fraud, according to federal prosecutors. Each count carries up to a […]
MarketWatch
It was a deeply personal foul. A former-Morgan Stanley advisor has been charged with stealing $13 million belonging to six current- and former-NBA players who were his clients, and funneling it into his own pockets and those of a financial advisor, an agent and a convicted fraudster. Darryl M. Cohen, 49, of Chatsworth, California, is […]