Tag: Investment Fraud
Kenneth Thom, Investment Adviser Fraud, New York 2026
⏱ 2 min read Kenneth Thom, a suspended broker, scammed 66 social media followers in New York, promising lucrative investment returns. Between late 2023 and March 2025, Thom, aka K$ or K Money, raised nearly $800,000 from his victims, claiming he would manage their investments and share the profits. Instead, he spent most of the…
Luciano Schipelliti, Wire Fraud, Massachusetts 2026
⏱ 2 min read
Daryl F. Heller, Investment Fraud, Pennsylvania 2024
⏱ 2 min read Daryl F. Heller, a 56-year-old man from Lititz, Pennsylvania, has pleaded guilty to running a massive investment fraud scheme that swindled investors out of approximately $402 million in unpaid principal. The scheme, which operated from January 2017 to December 2024, involved Heller soliciting around $770 million from investors across the country,…
Heath Posey, Investment Fraud, Colorado 2026
⏱ 2 min read Heath Posey, 39, a former Denver man, was involved in a complex investment fraud scheme that duped investors out of millions. As the Chief Financial Officer of the ROI Cash Flow Fund, Posey helped orchestrate a multi-million dollar scam from December 2022 to May 2024. The fund, founded by Timothy McPhee…
Kenneth Bardwell, Wire Fraud, Michigan 2023
⏱ 2 min read Kenneth Bardwell, a 66-year-old West Bloomfield resident, has been charged with running a massive investment fraud scheme that scammed investors out of millions of dollars. The scheme, which was allegedly used to fund a lavish lifestyle, involved soliciting investments for a fake sports and entertainment complex in Romulus, Michigan. Bardwell, who…
Matthew Piercey, Investment Fraud, California 2025
⏱ 2 min read Matthew Piercey, a 49-year-old from Palo Cedro, California, ran a massive $35 million investment fraud scheme, preying on trusting investors, many of whom he met at church, between July 2015 and August 2020. Piercey posed as an investment advisor, making false promises of guaranteed profits through his companies Family Wealth Legacy…
Jeffrey Thomas Higgins, Investment Fraud, Oregon 2007
⏱ 3 min read A cunning investment scam unfolded in rural Oregon, leaving a trail of financial devastation in its wake. For nearly 17 years, Jeffrey Thomas Higgins, 54, of Baker City, convinced his clients to hand over their hard-earned cash, promising sky-high returns. But instead of investing their shares, Higgins bought the stocks at…
James Robert Smith, Investment Fraud, California 2020
⏱ 2 min read A Niceville retired Army Sergeant promised his victims a way to make big bucks, but Sidney Marc Wilson Jr. had no intention of delivering. Between 2018 and 2022, Wilson ran an online scheme that duped victims into handing over up to $21,000 for a shot at easy money. Instead of investing…
Vincent Camarda, Investment Fraud, New York 2000
⏱ 2 min read A con artist masquerading as a financial advisor, Vincent Camarda, swindled $160 million from clients on Long Island, New York, before pleading guilty to investment fraud. Camarda, the Chairman and CEO of A.G. Morgan Financial Advisors, used a series of lies to lure in clients, including elderly and vulnerable individuals, and…
Luciano Schipelliti, Wire Fraud, Massachusetts 2026
⏱ 2 min read
