securities fraud | Law Firm Newswire

New York, NY(Law Firm Newswire) December 16, 2016 – The scion of a wealthy business family was sentenced to four years in prison for securities fraud. Andrew Caspersen, 40, used a Ponzi-like scheme to steal around $38.5 million from investors including family members, friends, clients and a hedge fund-linked charitable foundation. He was arrested in March at La Guardia Airport upon returning from a family vacation. Caspersen pleaded guilty to fraud charges in July. The case was filed in U.S. District Court, Southern District of New York. Prosecutors originally sought a tougher prison sentence of over 15 years. However, Caspersen’s […]


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. New York, NY (Law Firm Newswire) July 27, 2016 – Jeffrey M. Haber, Esq., an attorney with over twenty-five years of experience litigating complex matters on behalf of institutions and individuals at law firms having a national practice, is proud to announce the opening of his new law firm, the Law Office of Jeffrey M. Haber. The firm is dedicated to the representation of corporations, small businesses and high net worth individuals involved in a broad range of complex business and commercial litigation, as well as individuals who want to blow the whistle on fraud and other wrongdoing against […]


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New York, NY(Law Firm Newswire) April 21, 2016 – A former executive of an investment bank in New York was arrested and charged with attempting to defraud investors of over $95 million. Andrew Caspersen, 39, was charged with wire fraud and securities fraud in Manhattan federal court. Prosecutors alleged that Caspersen raised money from investors under false pretenses and converted the funds to his own use without their permission. “Wire fraud and securities fraud are serious charges, and anyone accused of such a crime should seek legal counsel,” said Peter Brill, a prominent New York criminal defense attorney, who is […]


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New York, NY (Law Firm Newswire) January 26, 2016 – Zamansky LLC announces an investigation into potential claims by investors who were customers of brokerage firms for sales practice violations of certain structured products. The investigation concerns the Credit Suisse X-Links and Velocity Shares Exchange Traded Notes which are issued by Credit Suisse Group A.G., ADR (NYSE:CS), and the JP Morgan Strategic Volatility Index and Double Short Leverage Note linked to the JP Morgan US Treasury Note Futures Tracker. “These types of notes are commonly known as structured products and they use embedded derivatives to enhance returns and track an […]


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New York, NY (Law Firm Newswire) January 19, 2016 – Zamansky LLC announces that it is investigating various high yield bond funds listed below for potential securities law suitability violations. Since 2009, many investors, particularly retirees or those seeking income, have invested in high yield bond and income mutual funds on the advice of their broker or financial advisor. These high yield funds were sold as secure, high quality income-generating investments that had modest risk. In truth, high yield bond and income mutual funds can be high risk and speculative due to their concentration in unrated or below investment grade-rated […]


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New York, New York: Zamansky LLC announces that it is investigating the Third Avenue Focused Credit Institutional Fund (TFCIX) and Investor Fund (TFCVX) for potential securities fraud violations. The Third Avenue Focused Credit Fund is a high yield and distressed debt mutual fund that is registered under the Investment Company Act of 1940. It is managed by Third Avenue Management LLC, headquartered in New York, New York, and has both retail and institutional share classes. On December 9, 2015, shareholders in the Third Avenue Focused Credit Fund received a letter notifying them that the Board of Trustees had decided to […]


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New York, NY (Law Firm Newswire) June 15, 2014 – Zamansky LLC has filed a FINRA arbitration on behalf of an elderly investor against Oppenheimer & Co. Inc. (“Oppenheimer”) who claims that her accounts were churned by her financial advisor. The case is FINRA TN 1400862. The Statement of Claim in the arbitration alleges that the claimant, who is an 85 year-old investor, had her and her late husband’s accounts churned and excessively traded by their financial advisor at Oppenheimer. Although they needed to preserve their money, the Statement of Claim alleges that the Oppenheimer financial advisor concentrated their accounts […]


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New York, NY (Law Firm Newswire) June 11, 2014 – Zamansky LLC announces that it is investigating independent broker-dealer firms for churning, unsuitable investments and other sales practice violations. According to Jacob Zamansky, stock fraud attorney for over 25 years, as the stock market has reached new highs, financial advisors have been under pressure to keep up. Our firm has seen incidents of churning by financial advisors and sales of riskier and more speculative investments than investors want, Zamansky states. Zamansky states that financial advisors at the smaller, independent brokerage firms may be in a position of trust where they […]


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New York, NY (Law Firm Newswire) May 7, 2014 – Zamansky LLC announces that it is investigating Unilife Corporation (UNIS), the medical device manufacturer, for potential securities fraud or breach of fiduciary duties owed to shareholders.  The investigation concerns whether Unilife made materially false or misleading statements to its investors, as alleged in a whistleblower lawsuit. The federal court lawsuit was filed on August 30, 2013 (E. D. Pa. Case No. 13-CV-5101) by former employee Talbot Smith, and alleges not only false statements made to investors but a scheme whereby UNIS engaged in false purchases to boost the appearance of […]


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New York, NY (Law Firm Newswire) April 14, 2014 – Zamansky LLC announces that it is investigating Gigamon, Inc. (NYSE: GIMO) for potential violations of the federal securities laws stemming from possible misrepresentations and omissions concerning the Gigamon’s reliance on certain customer contracts. On April 7, 2014, after the market closed, Gigamon announced that expected revenue for the first quarter ending March 29, 2014, would be $31 – $31.5 million, down from previous guidance offered on February 4, 2014 of $34 – $35 million. The 10% drop in revenue was attributed primarily to a contract that did not materialize from […]


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If you are an investor in the Colony Investments VIII Fund, and wish to have the investment reviewed or discuss your legal rights, you may, without obligation or cost to you by calling (212) 742-1414. New York, NY (Law Firm Newswire) March 19, 2014 – Zamansky LLC announces that it is investigating the Colony Investments VIII LP (“Colony Investments VIII”) over alleged losses as high as 60%. Colony Investments VIII is a private fund that was launched in 2007 by Colony Capital LLC, which manages billions of dollars of investor money in approximately 16 funds. Colony Capital was founded in […]


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