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Carr Miller Ponzi Scheme: Did They Spend the Money on Themselves?

Carr Miller Ponzi Scheme: Did They Spend the Money on Themselves? February 7, 2011. By Gordon Gibb.
Marlton, NJ Any individual who may have lost wealth in the Carr Miller Capital Ponzi Scheme would be displeased to know that while the investor was busy making an honest living and expecting modest returns from his investment, the accused co-conspirators were allegedly enjoying themselves at a luxury skybox at the Prudential Center in Newark, New Jersey—amongst other luxuries. One of the accused drove a new Mercedes, while investors were making do with Toyotas.
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More Fallout from Alleged Carr Miller Capital Ponzi Scheme

More Fallout from Alleged Carr Miller Capital Ponzi Scheme February 4, 2011. By Heidi Turner.
Las Vegas, NV In addition to the investors who lost money in the alleged Carr Miller Capital Ponzi Scheme, there may be more fallout from New Jersey's actions against Carr Miller Capital. Charges have been filed against nominal defendants who may not have known about the alleged Ponzi scheme, but are still implicated because of their association with Carr Miller Capital.
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Attorney Chases Justice in Foreclosure Crisis

Attorney Chases Justice in Foreclosure Crisis February 3, 2011. By Brenda Craig.
Philadelphia, PA Got to hand it to attorney John Narkin. He's got this foreclosure crisis thing figured out—well, near as anyone can figure it out. The 113-page class-action suit on behalf of distressed homeowners filed by Narkin's firm, BHN Law in Philly, lays out the whole sorry story in amazing detail, complete with links to video clips.
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Is a UBS Fraud Arbitration Claim Better Than Class Action?

Is a UBS Fraud Arbitration Claim Better Than Class Action? January 21, 2011. By Gordon Gibb.
Washington, DC It has been alleged that UBS Lehman Principal Protected Notes were little more than unsecured Lehman Brothers debt and are worthless in the wake of the failure of Lehman Brothers. Now, various lawsuits have been filed—including a class action—in an effort to recover damages.
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HoMedics TheraP Faces Consumer Class Action

January 17, 2011. By Lucy Campbell.
San Diego, CA A consumer fraud class action lawsuit has been certified against HoMedics TheraP "Hot & Cold Therapy Back support with the Power of Magnets" claiming violation of the Consumer Legal Remedies Act (CLRA) and for violation of Business and Professions Code ("UCL").
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Investment Fraud Claims Filed Concerning NNN Capital Opportunity Fund, the IMH Secured Loan Fund, and the Oppenheimer Rochester National Municipal

January 12, 2011. By Lucy Campbell.
Philadelphia, PA Securities arbitration and investment fraud claims have been filed with the Financial Industry Regulatory Authority (FINRA) against several national brokerage firms in connection with the sale of defective financial products, including the NNN Capital Opportunity Fund, the IMH Secured Loan Fund, and the Oppenheimer Rochester National Municipal Fund.
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UBS Lehman Brothers Securities Fraud

January 5, 2011. By Lucy Campbell.
New York, NY Recently, a $2.2 Million arbitration award was issued against UBS in a case involving Lehman "Principal Protected" Notes - the latest in a series of pro-investor rulings against UBS in cases involving Lehman Brothers "Principal Protected" Notes.
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Carr Miller Capital Faces Allegations of Operating Ponzi Scheme

December 27, 2010. By Lucy Campbell.
New York, NY Carr Miller Capital LLC and its three principals are facing allegations of consumer fraud regarding a Ponzi scheme and violations of numerous New Jersey Uniform Securities Laws by committing fraud, commingling funds, and selling unregistered securities. It is believed that investors may have been defrauded of as much as $40 million.
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Madoff Investor Returns $7.2 Billion to Ponzi Victims

Madoff Investor Returns $7.2 Billion to Ponzi Victims December 17, 2010. By Lucy Campbell.
New York, NY The estate of Jeffrey M. Picower, a philanthropist and investor from Palm Beach, has reached a settlement with the Trustee charged with recovering assets from the Madoff bankruptcy, Irving H. Picard, and the United States attorney for the Southern District, Preet Bharara that will see a total of $7.2 billion cash made available to compensate the victims of Bernard Madoff's global ponzi scheme. The announcement comes on the heels of the suicide of 46-year old son Mark Madoff, who hung himself in his New York loft this week.
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Parents Bring Federal Lawsuit After Tainted Baby Formula Injures Newborn

Parents Bring Federal Lawsuit After Tainted Baby Formula Injures Newborn October 19, 2010. By Lucy Campbell.
Chicago, IL A class action lawsuit alleging deceptive business practices has been filed against Abbott Laboratories over claims that the pharmaceutical giant sold millions of tubs of infant powder formula that were contaminated with beetles and beetle larvae.
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