FOR IMMEDIATE RELEASE THREE MORE TRADERS IMPLICATED IN GRIFPHON PONZI SCHEME As reported in a December 6th article in The Oregonian, the Securities and Exchange Commission has charged three more men with securities violations in connection with Grifphon Asset Management. The Grifphon Alpha Fund was the $37 million hedge fund scheme run by Yusaf Jawed…
Continue reading ›FOR IMMEDIATE RELEASE “ZEEK REWARDS” PONZI SCHEME WILL BREAK NEW GROUND IN CLAWBACK LITIGATION The collapse of the online Ponzi scheme called “Zeek Rewards” this past August threatens to break new ground in the area of Ponzi clawback litigation. With an estimated 800,000 victims identified, another 100,000 former affiliates are being targeted by the receiver…
Continue reading ›FOR IMMEDIATE RELEASE A federal law signed by President Obama earlier this year is almost certain to lead to new kinds of investment fraud. Banks Law Office issues this Investment Alert to urge individual and institutional investors to be aware of these changes, and to safeguard themselves against the risks they bring. The principle behind…
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