This type of scheme is often referred to as a Ponzi scheme, where profits are not generated by underlying business activities and instead fraudulently derived from new investors’ funds.
All in Money
Texas Securities Commissioner Stops Illegal Bank Leveraged Forex Program
According to the order, after promising to comply with the law, Grant continued to illegally offer the investments in Texas.
Brad Haycraft Indicted in Helium Well Investment Scheme
The recent indictments, handed up in June, charge Haycraft with violating the agency’s order, as well as violating state securities registration laws.
Legacy Wealth Advisors, Inc. Disciplinary Order Issued
The Disciplinary Order sanctioned Legacy Wealth Advisors for providing investment advice in Texas while not registered with the Securities Commissioner.
Texas and Alabama Team Up to Stop Fraudulent Investments
The scam involves 450 investors many of whom are senior citizens.
Fraudulent Offering Tied to Austin Downtown Venue Bull & Bowl
Securities Commissioner entered an Emergency Cease and Desist Order to stop offering tied to Bull & Bowl, a nightclub located in downtown Austin.
Carl William Pollock Indicted for Securities Fraud, Theft and Money Laundering
According to the indictment, Pollock misrepresented the use of principal to at least 20 victims - in part claiming money invested in HRA would be used to pursue financial recoveries.