Martin Shkreli to Testify Before Congress

Block & Landsman by Block & Landsman

FraudMartin Shkreli to Testify Before Congress Martin Shkreli’s name has been in the news a lot lately. First, he was heavily criticized for seemingly arbitrary price increases on vital medications. Later, he was charged with several counts of securities fraud, which he has denied. On January 25th, a judge gave approval for Shkreli to appear before Congress to provide testimony on drug pricing trends. The judgement came after a Congressional committee ordered him to appear by serving a subpoena. Shkreli Faces Securities Fraud Charges ...Read More

Elder Investment Fraud One of the Fastest Growing Crimes in the U.S.

Block & Landsman by Block & Landsman

Alte zufriedene Frau geht mit Rollator im Seniorenheim spazieren Each year, millions of older Americans become unsuspecting victims of investment fraud as financial abuse continues to grow into an epidemic throughout the United States. With more than 40 million Americans age 65 and older, and that number expected to more than double by the year 2050, the recent economic downturn has left an increasing number of seniors finding themselves with smaller retirement funds than they had anticipated. Many of these individuals are quickly becoming vulnerable to financial abuse and investment fraud. In fact...Read More

Authorities Reconsider Consumer Arbitration Clauses

Block & Landsman by Block & Landsman

manwithpapaperWhen a consumer signs a contract that includes a pre-dispute arbitration clause, they forfeit their legal right to file an individual or class-action lawsuit against the other party. These clauses require consumers to let arbitrators, rather than judges or juries, settle disputes that range from financial fraud to wrongful death. However, federal authorities continue to question the fairness of mandatory arbitration, and a new report reveals its effect on consumers who use financial services. Protecting Financial Consumers The Supreme Court u...Read More

What is a Ponzi Scheme and How You Can Protect Yourself

Block & Landsman by Block & Landsman

internetIn recent years, the cases involving Bernard Madoff and other similar scam artists have made Ponzi schemes headlines in recent years. In March of 2009, Madoff pled guilty in federal court for running a massive Ponzi scheme that is said to be by far the largest fraud of this type in U.S. history, possibly involving more than $64 billion. Each year, Ponzi schemes cause thousands of unsuspecting investors financial devastation. A Ponzi scheme, named for Charles Ponzi who used the investment scam involving international coupons for postage ...Read More