Insurance agent James Hocker has been charged with fraud by the Securities and Exchange Commission for duping investors out of nearly $1.5 million in a Ponzi scheme.

Insurance Agent Ran Fraudulent Investment Scam

According to the SEC complaint, the Commission charged Hocker with securities fraud when it came to light that Hocker misled investors and made false promises, guaranteeing returns to investors of 10% and 30%.

Instead of investing clients’ funds, Hocker used the money for his personal expenses.

Hocker Faces Criminal Action As Well

James Hocker had previously pleaded guilty to criminal charges filed in a parallel criminal action by the U.S. Attorney’s Office for the Middle District of Pennsylvania. In April 2019 he was sentenced to 17 years imprisonment and ordered to pay restitution in the amount of $1.5 million for defrauding investors.

Agent to Pay Out $1.5 Million

In the final judgment, the SEC ordered James Hocker to pay disgorgement of $1.5 million in order to satisfy the judgment.

Speak with an Investment Fraud Attorney

Our AV-rated* lawyers have extensive experience litigating a broad range of investment disputes, including those involving investment fraud. We will aggressively pursue claims against the culpable brokerage firm or stockbroker to recover your investment losses.

If you are looking for an investment fraud attorney to review your rights and options, the investment fraud lawyers at Dimond Kaplan & Rothstein, P.A. have recovered more than $100 million in assets lost to investment fraud and stockbroker misconduct.

Contact Dimond Kaplan & Rothstein Now

Contact  Dimond Kaplan & Rothstein, P.A. to schedule an appointment for a FREE case evaluation with an investment fraud attorney.  

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