DKR Los Angeles Blog

Investors Seek Class Certification In Bank-Aided Ponzi Scheme Lawsuit

Investors Seek Class Certification In Bank-Aided Ponzi Scheme Lawsuit

A group of investors has asked a California federal court to certify a class-action lawsuit against a bank that is alleged to have helped and encouraged an alleged Ponzi scheme run by a now-deceased real estate investment manager. The lawsuit alleges that Oregon-based Umpqua Bank knew that Professional Financial Investors Inc. and Professional Investors Security Fund Inc. (jointly, “PFI”) were using new investor money to pay existing investors. 

FBI Captures Ponzi Suspect After Underwater Escape Attempt

FBI Captures Ponzi Suspect After Underwater Escape Attempt

Matthew Piercey, a California investment firm leader, tried to flee while facing criminal charges for supposedly operating a $35 million Ponzi scheme.  According to the FBI, Mr. Piercey allegedly evaded authorities for about an hour by driving his truck from his home in Redding, California, up until the edge of Lake Shasta. He then attempted …

FBI Captures Ponzi Suspect After Underwater Escape Attempt Read More »

Dimond Kaplan & Rothstein, P.A. Files Additional FINRA Arbitration Claims to Recover Yield Enhancement Strategy Options Losses

Dimond Kaplan & Rothstein, P.A. Files Additional FINRA Arbitration Claims to Recover Yield Enhancement Strategy Options Losses

MIAMI, Florida and LOS ANGELES, California – April 3, 2020 – Investor advocate lawyers at Dimond Kaplan & Rothstein, P.A. (“DKR”) (https://dkrpa.com) have filed additional FINRA arbitration claims against UBS Financial Services, Inc. on behalf of UBS customers who lost money in UBS’s Yield Enhancement Strategy or the “YES” options program. The claims allege that …

Dimond Kaplan & Rothstein, P.A. Files Additional FINRA Arbitration Claims to Recover Yield Enhancement Strategy Options Losses Read More »

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