Fraud Charge in Well-Known Energy Executive Lawsuit

Block & Landsman by Block & Landsman

A group people standing by window, securities fraudViolation of securities laws often leads to significant penalties for the individuals involved, because fraud can be financially devastating for those on the receiving end. A well-known energy company CEO, along with seven other people have been charged by the U.S. Securities and Exchange Commission of defrauding investors. Not Telling the Whole Story The CEO of Breitling Energy Corporation was charged with defrauding its investors out of approximately $80 million. This was done by misleading them about the value of gas and oil assets. A civi...Read More

NYPD May Be Linked to $12M Investment Fraud Scheme

Block & Landsman by Block & Landsman

A desk with books and gavel, investment fraudAccording to a report by Newsweek, Hamlet Peralta, a Harlem  restaurant owner, was recently arrested for running a Ponzi scheme that swindled a number of unsuspecting investors out of $12 million. The scheme is reportedly linked to NYPD corruption. Duped investors have filed lawsuits with an investment fraud attorney for legal advice and representation. FBI Investigation Currently, the FBI is conducting an investigation into Peralta's Ponzi scheme. Reportedly, Peralta was the sole person behind the scam. He has been arrested and indi...Read More

Enforcing Non-Compete Agreements Against Financial Advisors in Illinois

Block & Landsman by Block & Landsman

A woman judge, business litigationNon-compete agreements are often used by corporations who hire financial advisers, stock brokers, and securities and commodities professionals to protect confidential information and trade secrets. An Illinois business litigation lawyer can ensure that non-compete agreements are structured properly. What is a Non-Compete Agreement? An employer may require an employee to sign a non-compete agreement or restrictive covenant upon taking a job. This agreement protects the employer by preventing the employee from taking a job with a compet...Read More

SEC Files Charges Against Online Dater

Block & Landsman by Block & Landsman

  Two people walking toward court, securities fraudRecently, the United States Securities Exchange Commission (SEC) announced an asset freeze and fraud charges against a man in Connecticut man who is accused of misleading more than 50 individuals into investing in his company, Safety Technologies LLC, and then using investor funds for his own personal gain. According to reports, Thomas J. Connerton, 64, allegedly informed a variety of victims that his company was in the process of developing an innovative material that would make surgical gloves less susceptible to punctures and cuts....Read More