investment | Law Firm Newswire

New York, NY (Law Firm Newswire) October 25, 2016 – Zamansky LLC announces that it is investigating the Jeffrey Rubin and Pro Sports Financial athlete fraud scandal for supervisory failures by potentially culpable third-parties. FINRA Regulators barred broker Jeffrey Rubin of Pro Sports Financial, in Florida, from the securities industry for making unsuitable recommendations to his customer, an NFL player, who lost $3 million from an illiquid, high-risk investment issued in connection with a now-bankrupt Country Crossing casino in Alabama. Based on Rubin’s referrals, 30 other NFL players also invested in the casino project and lost approximately $40 million. Our […]


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Dallas, TX (Law Firm Newswire) October 24, 2016 – The Department of Homeland Security (DHS) has issued a proposed rule that would help international founders of startup companies stay in the United States on a temporary basis. The proposal is intended to address a gap in the options available for foreign entrepreneurs who want to start a business in the U.S. The proposed entrepreneur rule would use the mechanism of “parole” – temporary permission to remain in the United States – the authority for which is provided by the Immigration and Nationality Act. DHS may parole a foreign national into […]


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Fairfax, VA (Law Firm Newswire) October 19, 2016 – Many people are of the opinion that if they bequeath money to charity upon their death, there will be a lesser amount left for their family. However, an experienced estate planning attorney is able to create an estate plan that includes charitable bequests and, in several cases, divert funds that are earmarked for the IRS, back to the family and charities that are important to the client. One method of accomplishing this objective is to transfer the funds that were intended to be left to charity, to a charitable remainder trust […]


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Dallas, TX (Law Firm Newswire) August 31, 2016 – A coalition of business organizations is urging Congress to extend the EB-5 Regional Center program. The EB-5 investor visa program allows a foreign national to obtain a green card if he or she invests money in the United States which creates jobs in the United States. An individual must invest $1 million, or $500,000 in certain rural or high-unemployment areas, and create or preserve at least 10 U.S. worker jobs. The foreign national can invest directly in his or her own project or in a government approved Regional Center. A Regional […]


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New York, NY(Law Firm Newswire) July 26, 2016 – The head of a New York City correction officers’ union has been arrested by the FBI and accused of fraud and conspiracy. Federal authorities allege that Norman Seabrook, president of the New York City Correction Officers’ Benevolent Association, was paid tens of thousands of dollars by a hedge fund manager, in exchange for investing millions of dollars of the union’s money with the fund. “Fraud and conspiracy are very serious charges,” said Peter Brill, a New York City criminal defense attorney with Brill Legal Group, who is not involved with the […]


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Virginia Beach, VA (Law Firm Newswire) May 31, 2016 – Diminished capacity can have a detrimental effect on a person’s investments. A decline in an individual’s financial capacity means that a person can no longer manage their money and financial assets, and is unable to comprehend the ramifications of investment decisions. When people lose the ability to manage their finances, they may become susceptible to investment fraud and other types of financial abuse. However, there are steps people can take to avoid or reduce the likelihood of problems for themselves and their families. For instance, they can organize important documents, […]


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Virginia Beach, VA (Law Firm Newswire) March 31, 2016 – Some retirees and former employees have received offers from their employers to accept a lump-sum payment of their pension. This is an offer that they must consider very carefully because it will entail a loss of income for the rest of their life, and they will be in charge of managing their own investments and ensuring that the funds last through retirement. The IRS and Treasury made an announcement in July 2015 that they would forbid companies from offering lump-sum payments to retirees who were already getting a monthly pension. […]


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Virginia Beach, VA (Law Firm Newswire) January 26, 2016 – The majority of individuals who purchase life insurance wish to replace their income should they die prematurely. They can choose a term plan that ends upon retirement. Another option is to pay for retirement by using a permanent life insurance policy, and withdrawing funds from the plan’s cash reserve. However, there are possible drawbacks when using this strategy. According to experts, whole life insurance may not be an appropriate investment vehicle because it is costly and not liquid. “When considering retirement planning, it is important to obtain sound investment advice […]


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Virginia Beach, VA (Law Firm Newswire) December 18, 2015 – It is generally assumed that student loan debt is a problem faced only by the young. However, that is not always the case. Seniors are increasingly having a difficult time paying off their student loans, even to the point at which their Social Security benefits are offset when they are unable to make payments. According to the Government Accountability Office (GAO), in 2010, four percent of Americans ages 65 to 74 had federal student loan debt. This represents an increase of one percent from the year 2004. The collective amount […]


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Virginia Beach, VA (Law Firm Newswire) October 9, 2015 – There are several benefits associated with purchasing an annuity, but there are also risks. Several companies have announces that they are selling products called deferred-income annuities. This means that in return for a guaranteed paycheck for the rest of their life that starts many years later, they make a lump sum payment to an insurer. However, one cannot usually know for sure whether it would be prudent to purchase such annuities because it is unpredictable how long one will live. Nevertheless, one can consider the purchase of the annuity to […]


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Virginia Beach, VA (Law Firm Newswire) October 2, 2015 – When faced with the decision of whether to invest in a traditional or Roth 401(k) plan, many U.S. taxpayers find themselves weighing the advantages and disadvantages of each retirement option. A traditional 401(k) plan is offered by an employer to its employees. Such a plan represents the most typical type of defined contribution retirement plan. The employee decides the amount of the contribution he or she would like to make, and the employer deducts a percentage of the employee’s salary from his or her paycheck; the deducted amount is then […]


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Virginia Beach, VA (Law Firm Newswire) September 29, 2015 – A job change can be an opportunity to improve the state of one’s 401(k) plan, but it is important to avoid unnecessary fees and taxes during this process. With careful planning, many people are able to put their 401(k) into better mutual funds with lower costs after a job change. “A job change is a great time to research your investment options and decide which type of account is best for your particular situation,” said Andrew H. Hook, a Virginia financial planning attorney with Hook Law Center, with offices in […]


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Virginia Beach, VA (Law Firm Newswire) September 22, 2015 – Many people with Alzheimer’s disease and other forms of dementia eventually become unable to make informed decisions and to understand the consequences of their decisions, and a family member becomes responsible for making medical, financial and other decisions. This can often occur without court intervention, but legal guardianship may be necessary in cases where there is no power of attorney in place or when the elder refuses necessary care. Guardianship gives a person the legal right to make decisions on behalf of someone who is unable to make their own […]


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Dallas, TX (Law Firm Newswire) September 11, 2015 – A bill has been introduced in Congress that would allow foreign nationals who are in the United States in E-2 status to become eligible to apply for permanent U.S. residency after 10 years in E-2 status. As background, the United States has treaties with more than 60 countries that provide for investment. The treaties permit citizens of a treaty country to make an investment in the United States provided the treaty investor meets certain requirements. The E-2 treaty investor visa must make a substantial investment in an active commercial enterprise, and […]


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Dallas, TX (Law Firm Newswire) August 13, 2015 – The U.S. Securities and Exchange Commission (SEC) is cracking down on unregistered broker dealers receiving commissions within the EB-5 Immigrant Investor Program. The EB-5 program allows a foreign national to obtain a green card if he or she invests money in the United States, either in a new or existing business, or in a “regional center,” a third-party managed investment vehicle. Regional centers are permitted to charge the immigrant investors an administration fee for creating and developing investment projects, but as recent action by the SEC makes clear, companies, immigration attorneys […]


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New York, NY (Law Firm Newswire) April 2, 2015 – Zamansky LLC announces that it is investigating the BlackGold Opportunity Fund LLC and BlackGold Opportunity Offshore Fund LLC (the “BlackGold Funds”), over large losses reported to investors. The BlackGold Funds are the $2 billion hedge funds managed by KKR-owned BlackGold Capital Management, Inc. The investigation concerns the April 2, 2015, report by Bloomberg News that auditors increased the losses reported to BlackGold Funds investors from 6% to 17%. The increase was the result of differences in the valuation of energy bonds held by the BlackGold Funds. These losses came weeks […]


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