Recent Blog Posts
Florida Investors Reportedly Among Those Affected By Georgia-Based Ponzi Scheme
On July 10th, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges against First Liberty Building & Loan, LLC and its founder and owner Edwin Brant Frost. The company is believed to be a $140 million Ponzi scheme. Notably, Florida investors are among those who were affected. Here, our Miami Ponzi scheme… Read More »
Florida Broker Fined, Suspended By FINRA for Municipal Bonds Violations
Bjorn Johan Erickson (CRD#: 5756517) is a registered securities broker. Since June 2011, Mr. Erickson has been a registered representative of Newbridge Securities, LLC in St. Petersburg, Florida. Recently, the Financial Industry Regulatory Authority (FINRA) took adverse action against this broker. He was fined and suspended for violations related to municipal bonds. In this… Read More »
SEC Charges Rental Scooter Company in Multi-Million Dollar Securities Fraud Case in Florida
On July 3rd, 2025, the Securities and Exchange Commission (SEC) announced civil securities fraud charges against a rental scooter company. In the United States District Court for the Southern District of Florida, the agency filed a complaint against Cheetah X Inc. (Go X) and its principals, Alexander Debelov and Khodr Salam. According to the… Read More »
SEC Obtains Final Judgment Against Two Defendants in Florida Pump-and-Dump Securities Fraud Scheme
On June 20th, 2025, the Securities and Exchange Commission (SEC) announced that it secured a final judgment against two defendants in a securities fraud case in South Florida. Civil charges were brought against Benjamin Ballout and Mohamed Zayed for their role in a pump-and-dump scheme. Here, our Miami, FL securities fraud attorney discusses the… Read More »
FINRA Bars Broker in Relation to Investigation into Undisclosed Outside Business Activities
Mark Frederic Seruya (CRD #1108375) is a previously registered broker and previously registered investment adviser (RIA). He is listed by FINRA as a resident of Sunny Isles, Florida. From June of 2009 to August of 2024, Mr. Seruya was a representative of Morgan Stanley. Recently, FINRA barred this broker for his failure to cooperate… Read More »
SEC Files Securities Fraud Charges in South Florida; Alleges Misappropriation of Over $17 Million
On May 27th, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges against Andrew H. Jacobus and two companies (Kronus Financial Corporation and Finser International Corporation). The federal regulator alleges that Mr. Jacobus misappropriated more than $17 million from investors through these two companies. Here, our Miami securities fraud attorney provides an… Read More »
Florida Investors Among those Affected By Real Estate Ponzi Scheme in California
On May 22nd, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges in relation to an alleged real estate Ponzi scheme in California. Kenneth Mattson—the former CEO of an investment entity called LeFever Mattson—is accused of running a $46 million Ponzi-like scheme to take advantage of unsuspecting investors. The SEC contends that… Read More »
SEC Announces Charges Against Florida Residents in $100 Million Securities Fraud Case
On May 20th, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges against a New York City-based company called Unicoin, Inc. and three of its two executives. Alex Konanykhin, Silvina Moschini, and Alex Dominguez were all named in the complaint. All three are residents of South Florida. Here, our Miami securities fraud… Read More »
SEC File Securities Fraud Charges in $90 Million Real Estate Fraud Case in Florida
On April 25th, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges in a $90 million real estate fraud case arising out of Florida. Daniel J. Motha and Rishi Kapoor are facing allegations that they defrauded dozens of investors through their company Location Ventures, LLC. Here, our Miami real estate fraud attorney… Read More »
Florida Investors Among Victims of Texas-Based Ponzi Scheme
On April 29th, 2025, the Securities and Exchange Commission (SEC) announced securities fraud charges against three people from Texas. Regulators determined that they perpetrated a $91 million Ponzi scheme against at least 200 investors. Funds were raised on false pretenses from the Vanguard Holdings Group Irrevocable Trust (VHG). Here, our Miami Ponzi scheme attorney… Read More »
