Timothy Huff, Lawrence Lynch, Joseph J. Monterosso, and Luis Vargas, former GlobeTel executives, face more than $3 million in remedies, motions for disgorgement, civil penalties and officer-and-director bars following a recent ruling by the U.S. District Court for the Southern District of Florida. The civil action arises from a Florida-based accounting fraud involving the former […]
Miami residents can vote early in the presidential elections from Saturday, October 27th through Saturday, November 3rd. Early voting locations are open daily during this time from 7:00 a.m. to 7:00 p.m. Early Voting Locations in Miami-Dade County Aventura Government Center 19200 W Country Club Drive (2nd Floor Commission Area) City of Miami – City […]
Residents of Fort Lauderdale, Fla. and surrounding Broward County cities can vote in any one of almost 20 early voting locations. Many regional libraries are serving as early voting sites. Check the location that is most convenient for you. The Broward County early voting schedule for the presidential election is as follows: Saturday, October 27, […]
The National Mortgage Settlement Administrator will mail Notice Letter and Claim Forms in late September through early October 2012 to those borrowers who lost their home due to foreclosure between January 1, 2008 and December 31, 2011. Qualifying loans were serviced by one of the five mortgage servicers that are parties to the settlement: Ally/GMAC […]
Failure to supervise two collateralized debt obligation (CDO) traders who engaged in activities to hide a trading loss resulted in a $800,000 FINRA fine for Guggenheim Securities, LLC of New York. The Financial Industry Regulatory Authority (FINRA) also sanctioned the two traders: Alexander Rekeda, the former head of Guggenheim’s CDO Desk, was suspended for one […]
The Federal Trade Commission has filed lawsuits in federal court to halt the allegedly deceptive tactics of three operations that preyed on distressed homeowners facing a mortgage foreclosure. In all three cases announced this week, the FTC took action against defendants who allegedly peddled bogus mortgage relief services, in violation of the FTC Act and […]
Employers, schools and organizations of all sizes are encouraged to participate in National Disability Employment Awareness Month. This is a national campaign that raises awareness about disability employment issues and celebrates the many and varied contributions of America’s workers with disabilities. While we think of accidents as a leading cause of disability, it is more […]
“Repeat violator” Joseph Hilton, formerly known as Joseph Yurkin, made numerous misrepresentations to investors while selling limited partnership units in two oil drilling projects earlier this year through his firm Pacific Northwestern Energy LLC, according to a Securities and Exchange Commission (“SEC”) complaint unsealed last week in federal court in West Palm Beach, Fla. The SEC obtained […]
In Miami, a total of 33 defendants are charged for their alleged participation in various fraud schemes involving a total of $204.5 million in false billings for home health care, mental health services, occupational and physical therapy, and durable medical equipment (DME). In one case, three defendants are charged for participating in a fraud scheme […]
A Southeastern Regional Investor Fraud Summit will be held at Miami Dade College on Friday, October 12, 2012. Recent investment fraud prosecutions, fraud trends, fraud prevention, and testimony from investment fraud victims will be featured topics. The Miami Investor Fraud Summit, one of several scheduled across the country, is sponsored by the U.S. Department of […]
