Recent Blog Posts
Florida Man Sentenced To Prison For Role Ponzi Scheme Investment Fraud Scheme
According to a report from the Miami Herald, David J. Varrone, a businessman from Broward County, Florida, is headed to prison for his role in a Ponzi scheme. His wife, Sherry D. Varrone also faces sentencing for the investment fraud case later this year. Mr. Varrone stands accused of swindling more than three dozen… Read More »
SEC Charges Financial Advisor With Misappropriating More Than $1 Million From NBA Players
On March 23rd, 2023, the Securities and Exchange Commission (SEC) announced securities fraud charges against a former investment advisor Darryl Matthew Cohen (CRD#: 2786613). Mr. Cohen is accused of defrauding former NBA players out of more than $1 million. Notably, this financial advisor was barred by FINRA in December of 2021 for violation of… Read More »
SEC Charges Florida Man With Stealing More Than $5 Million From Investors
On March 15th, 2023, the Securities and Exchange Commission (SEC) charged Peter Krieger—the former manager of an investment company called a Florida-based investment company called Oban Energies, LLC—with misappropriating more than $5 million from investors. The SEC notes that Mr. Krieger is a recidivist. He was previously charged with securities fraud by the agency… Read More »
SEC Takes Emergency Action Against Miami-Based Cryptocurrency Investment
On March 6th, 2023, the Securities and Exchange Commission (SEC) confirmed that an emergency asset freeze is in place in the case involving BKcoin Management, LLC and its principal owner and operator Kevin Kang. Bkcoin is a Miami-based cryptocurrency investment advisory firm. The company and Mr. Kang are both currently implicated in an alleged… Read More »
SEC Litigation Update: Puerto Rico Company Settles Securities Fraud Allegations
On February 22nd, 2023, the Securities and Exchange Commission (SEC) confirmed that the agency has obtained a final judgment in an investment fraud case against Green Mining, LLC and José Jiménez Cruz. In total, the company and Mr. Jiménez will pay more than $3 million. The case is centered around fraud involving unregistered securities…. Read More »
FINRA Arbitration Panel In Florida Awards Claimant Nearly $100,000 In Damages
On February 22nd, 2023, a Financial Industry Regulatory Authority (FINRA) arbitration panel in Tampa, FL awarded a claim of nearly $100,000 in damages (Case Number: 22-01019). The case was centered on allegations of losses caused by unsuitable investment recommendations and other industry violations. Below, our Miami unsuitable investment attorney provides an overview of ruling… Read More »
FINRA Fines, Suspends Securities Broker In Florida For Undisclosed Private Securities Transactions
Hugh Ordway Barndollar III (CRD #3027317) is a registered investment adviser (RIA). As of early February of 2023, he is suspended from the securities industry. From 2013 to 2021, Mr. Barndollar III was a registered representative of Crown Capital Securities in Land O’ Lakes, Florida. Spanning 2020 and 2021, eight customer complaints were filed… Read More »
Florida Broker Barred For Failure To Cooperate With FINRA’s Investigation Into Complaint By Investor
Hans Patrick Kulicke Eveillard (CRD #7190141) is a previously registered securities broker. From September of 2020 to July of 2021, Mr. Eveillard was a representative of Northwestern Mutual Investment Services in Sarasota, Florida. Recently, he was suspended from the securities industry by FINRA for failure to cooperate with an investigation into an ongoing customer… Read More »
SEC Charges Miami Investment Advisor And Company In Fraud Scheme
On January 18th, 2023, the Securities and Exchange Commission (SEC) confirmed emergency enforcement action, obtaining an asset freeze against Miami financial advisor Jack C. Ridall and investment firm Guss Capital, LLC. The SEC alleges that Mr. Ridall and the firm took in approximately 750,000 from at least four different investors on fraudulent grounds. An… Read More »
SEC Awards More Than $5 Million To Whistleblower
On January 13th, 2023, the Securities and Exchange Commission (SEC) announced that more than $5 million had been awarded to a whistleblower. The whistleblower came forward and voluntarily provided useful information that aided the SEC in taking enforcement action to stop securities fraud. Notably, a second claimant was denied compensation in the same case…. Read More »
