Pre-foreclosure sales are where you purchase a residence from the owner prior to when the owner forecloses on it. Many real estate buyers like this kind of sale simply because the buyer and the seller are motivated parties. Our attorney team includes a former assistant state's attorney, a former stockbroker, a former journalist and member of the Associated Press, an arbitrator with the Financial Investors Regulatory Authority (FINRA) (formerly the NASD), a recipient of the Kane County State's Attorney Prosecutor of the Year Award, and membership in bar associations devoted to representing investors.
The FinCEN network is a means of bringing people and information together to combat complex criminal financial transactions such as mortgage fraud and money laundering by implementing information sharing among law enforcement agencies and its other partners in the regulatory and financial communities.
Pursuant to the Bank Secrecy Act of 1970 (BSA), a bank must file a Suspicious Activity Report (SAR) with FinCEN if a customer's actions indicate that the customer is laundering money or otherwise violating a federal criminal law such as committing mortgage fraud.
The range of defendants that a SC criminal lawyer will represent in a typical mortgage fraud case may include straw borrowers or nominee borrowers, real estate agents, developers, appraisers, mortgage brokers, and sometimes even closing attorneys and bankers.
On June 10, 2019, the Illinois Securities Department, Massachusetts Securities Division, New Hampshire Bureau of Securities Regulation, and New Jersey Bureau of Securities each charged Glenn C. Mueller of West Chicago, Illinois, and his companies for selling unregistered securities Mueller developed his scheme for over 40 years, building a web of at least 32 real estate development companies and selling at least $47 million of unregistered securities in the form of promissory notes in these companies to consumers.
Breaches of contract or warranty, false representations, and almost any other type of transactional fraud fall under the broad category of business fraud.” Our team of business and commercial attorneys represent both plaintiffs and defendants in business fraud litigation.
Under an investor's state securities act, enforceable legal actions can be brought against financial institutions for failure to diversify a portfolio, fraud, churning, unauthorized trading, misrepresentations and omissions, breach of fiduciary duty, negligence, financial exploitation of the elderly and other related actions.
On January 18, 2017, the SEC charged California-based San Francisco Regional Center, LLC and owner Thomas Henderson with combining over $100 million he raised from EB-5 investors into a general fund from which he allegedly misused at least $9.6 million to purchase his home and personal items and improperly fund several personal business projects that were unrelated to the companies he purportedly established to create jobs consistent with EB-5 requirements.
Our institutional services provide participants with the ability to identify, investigate and react to potential wrongdoing by companies they invest in. We represent FINRA Attorney Chicago investors under the federal securities laws and other investor-protection statutes created to recover funds lost due to fraudulent representations made to investors.
The SEC sued Kameli in June 2017, alleging he defrauded investors by charging undisclosed fees, commingling funds—using money for a project funded by one group of investors, for instance, to pay bills for a project funded by a different group—and using investor money for unauthorized purposes.
The good news for investors who get swindled into investing in promissory notes, including those who bought them from Mr. Anderson, regardless of whether Ameritas says these were approved, Ameritas is legally bound to supervise the activities of all of its registered representatives.
Among these media outlets: the Wall Street Journal, the New York Times, the Financial Times, Investment News, Reuters, USA Today, Fox News, The New York Daily News, CNN, the Los Angeles Times, the Chicago Tribune, American Lawyer, Bloomberg, National Public Radio, the Indianapolis Star, Indianapolis Business Journal, Registered Rep, the Miami Herald, the Orlando Sentinel, the Public Record, Prime Newswire, the Memphis Daily News, Boston Herald, Christian Science Monitor, MSNBC, Forbes, The Guardian, Indiana Lawyer, SmartMoney, On Wallstreet and Dow Jones Business News.