Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Wells Fargo Hit With Defamation Suit Over Fake Accounts Scandal
By Melanie WaddellA former regional president says the bank fired her, falsely blaming her for the scandal.
January 19, 2023
Usain Bolt Lost $12 Million in Savings to a ScamThe Olympic gold medal winner was recently told there was just $12,000 left in one of his investment accounts.
January 13, 2023
Trump's $1.6M Tax-Fraud Hit Eclipsed by Impact of Felony ConvictionTwo Trump Organization business units were sentenced on Friday in New York after a felony conviction last month.
January 12, 2023
JPMorgan Says Ex-Advisor Poached 32 Clients for Morgan StanleyThe bank accuses Joseph Michael of persuading households with assets of $28 million to start moving their accounts.
January 11, 2023
Unlicensed Advisor Gets Over 6 Years for Ponzi SchemeHe defrauded investors, including friends and family members, out of more than $4 million.
January 10, 2023
Former Broker Pleads Guilty to Filing False Tax ReturnThe ex-broker filed individual income tax returns omitting installment payments related to the sale of his advisory firm.
January 10, 2023
Ex-Broker Gets Over 5 Years in Prison for $2.9M Securities SchemeThe former broker diverted clients' funds to repay previous investors and for his own use, according to DOJ.
January 09, 2023
Ex-Broker to Fork Up $3M Over Fintech FraudThe SEC says Paul Hess and other defendants tricked investors into buying unregistered interests in shell companies.