News

The United States Attorney’s Office for the Eastern District of New York and the Securities and Exchange Commission (SEC) have charged Oyster Bay, New York and its former town supervisor John Venditto with defrauding investors in connection with the town’s municipal securities offerings. According to the SEC’s complaint, Oyster Bay and Venditto allegedly concealed side [...]

The New Jersey Bureau of Securities (the Bureau) ordered Edge Trading, LLC and its president Mark Moskowitz to pay a $1 million civil penalty for selling unregistered securities through a Ponzi scheme. In the Final Order, the Bureau found that from March 2012 through April 2016, Moskowitz raised at least $800,000 from investors, promising that [...]

The New York Attorney General has filed a lawsuit against Dean Mustaphalli and several companies under his control for making unsuitable investments in highly speculative and risky securities, costing his elderly investors millions in losses. Of the over $11 million invested into his hedge fund, Mustaphalli lost $10 million because of his risky and unsuitable [...]

The Securities and Exchange Commission (SEC) brought fraud charges against Michael F. Anderson and his company, The End of the Rainbow Partners, LLC, after discovering that Anderson misappropriated millions from investors in a Ponzi-like scheme. Anderson stole more than $2.3 million from investors by claiming to be a successful hedge fund manager. Anderson swindled investors [...]