On June 18, 2020, FS KKR Capital Corp II (Symbol: FSKR) was listed on the New York Stock Exchange (NYSE) and has dramatically declined since...and the stock going public was preceded by a 4:1 reverse split that cut the share holdings of investors in the Non-traded Business Development Companies (BDCs) FS Investment Corporation II, FS Investment Corporation III, FS I
Alternative Investment Fraud
Representing Investors Nationwide
When it comes to your hard-earned money it’s important to make sure that you invest it wisely and safely. Unfortunately, there are always schemes and scams trying to take that money away from you under the guise of opportunities to increase your wealth.
Investment fraud and all forms of financial fraud can severely impact your finances and has left some without a house to call home. You may think fraud can’t happen to you, but you just might be the victim they’re targeting.
A federal appeals court in Manhattan ruled that some 2,500 investors could not recover money from the investment giant JP Morgan for claims related to the massive ponzi scheme run by notorious fraudster Bernie Madoff.
These days, real estate investment is more popular than ever. Real estate investments have proven lucrative for millions of Americans, and even in the aftermath of the Great Recession, many Americans are exploring such investments as a means of funding retirement or simply making money.
Alternative investments are often risker than traditional stocks and bonds, but may be recommended by a broker in order to diversify a portfolio and produce higher returns.
Florida real estate broker Christopher White has been sentenced to three years and five months in federal prison for engaging in a multi-million dollar scheme to steal money from real estate investors. White, A Jamaican national, plead guilty to 10 federal charges including wire fraud and making false statements on his U.S. citizenship application. As part of his sentence, he will be deported to Jamaica, required to pay over $4 million in fines, and forced to surrender his Florida real estate license.
Lorraine Brown, the 56-year-old former executive of Lender Processing Services Inc. was sentenced to five years in prison for her role in a scheme spanning six years that set out to “prepare and file more than 1 million fraudulently signed and n