Category Archives: Elder Financial Fraud
Report: Investment Broker in Florida Who Stole Approximately $3 Million from Investors has Been Arrested
According to a report from WFLA News Channel 8, Joseph Michael Todd—an investment broker from Citrus County—has been arrested after allegedly stealing approximately $3 million from investors. Authorities contend that Mr. Todd used the funds on personal expenses, lavish luxury purchases, gambling, and adult entertainment. Here, our Miami investor rights attorney discusses the allegations… Read More »
SEC Charges Florida Executive With Defrauding Senior Citizen Investors
On September 29th, 2023, the Securities and Exchange Commission (SEC) announced securities fraud charges against Stephone N. Patton. A convicted felon, Mr. Patton stands accused of using three investment entities that he owned and controlled to defraud senior citizen investors. Here, our Miami elder financial fraud attorney highlights the key factors to know about… Read More »
SEC Filed Partial Settlement in Charges Former Broker-Dealer Representative in Florida Who Stands Accused of Defrauding Senior Citizen Investors
On July 12th, 2023, the Securities and Exchange Commission (SEC) filed a partial settlement in a senior citizen investment fraud case. A former registered representative of a broker-dealer in Florida—Joseph Michael Todd of Panama City—stands accused of using two separate entities (Todd Financial Services, LLC and TFS Insurance Services LLC) to defraud vulnerable investors…. Read More »
Florida Broker Barred For Refusal To Cooperate With FINRA Investigation Into Alleged Senior Investment Fraud
Ronald J. Giovino Jr. (CRD#: 2236071) is a previously licensed and registered securities broker. From March of 2003 through July of 2021, Mr. Giovino Jr. was a representative for GWN Securities Inc. in Clearwater, Florida. Previously, he was associated with Legend Equities Corporation. On July 8th, 2021, Ronald J. Giovino Jr. was barred from… Read More »
In a FINRA Family Affair, Billionaire Florida Grandmother Awarded Approximately $20 Million
On February 5th, 2021, a Financial Industry Regulatory Authority (FINRA) arbitration panel in Boca Raton, Florida awarded a wealthy Florida grandmother nearly $20 million in compensation in a broker misconduct claim (Case Number: 19-02053). Notably, the named respondents—both former representatives of the New York, New York-based brokerage firm J.P Morgan Securities LLC—are the grandsons… Read More »
SEC Litigation Update: Florida Director of Investments Charged in Scheme Targeted at Elderly Investors
Recently, the Securities and Exchange Commission (SEC) released a litigation update in DeAndre P. Sears and his company MASears LLC (the Picasso Group). The federal regulator alleges that Mr. Sears improperly sold more than $25 million in securities to more than 140 retails. The investors targeted by the scheme were disproportionately elderly. In this… Read More »
SEC Charges Florida Resident With Penny Stock Fraud Aimed at Senior Citizen Investors
On September 29th, 2020, the Securities and Exchange Commission (SEC) announced charges against three Florida residents. According to allegations raised by the federal agency, Mason Newman, Christian Baquerizo, and Kevin Cardenas defrauded elderly investors out of nearly $1.5 million in an unregistered penny stock scheme. In this post, our Miami elder investment fraud attorneys… Read More »
