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Badge - Super Lawyers Jenice L. Malecki
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Atlanta

Risk of Investor Fraud in Atlanta

One of the twenty largest economies in the world and home to Coca-Cola and the Home Depot, Atlanta was greatly affected by the recent economic downturn. Many investors found out the hard way that they had been victimized and duped by their advisors into investing in high-risk investments. Then there are those who intentionally misguide their clients and misrepresent their financial products, luring them into self-serving schemes.

Stafford S. Maxwell, the former owner of Millennium Capital Exchange Inc. in Atlanta has reportedly been indicted for allegedly running a foreign exchange trade scam, where he raised $1 million by apparently promising 48% to 72% returns to investors by trading through his accounts in Geneva. He posed to be an expert forex trader and assured his investors that he would keep “reserve” funds to protect them from losses, neither of which turned out to be accurate claims according to the reports.

In 2019, a chief executive of MiMedx, an Atlanta based biotech firm, was charged with accounting fraud by misrepresenting financial conditions of publicly traded companies. Falsifying sales revenue to veteran’s and government defense programs, deceiving the SEC, and covering up misconduct was among a few of the charges pled against this biopharmaceutical company that faces both SEC and DOJ matters. If allegations about misleading clients and an audit committee about their revenue, as well as allegations that they worked to cover it up for years are true, it may make this company liable for significant payback on top of any regulatory settlement or criminal plea they may take. For the allegations of defrauding investors by the SEC, the company eventually entered into a settlement of 1.5 million dollars.

Exploiting the tragedy of COVID-19, cases of fraud against investors have been growing and shameless. Christopher Parris in Georgia faces charges for participation in a Ponzi Scheme that cheated the Department of Veteran Affairs out of medical personal protective equipment. Parris claimed to be a supplier and contacted individuals in critical need of protective equipment. This wire fraud would have cost the department over $700 million dollars. Promising to provide nonexistent face masks to this cabinet-level federal agency may cost Parris 20 years in prison and a fine of over $200,000. These are among the few stories that have claimed headlines in Atlanta. These schemes and fraudulent behavior will continue to plague both average citizens and multi-million dollar corporations.

Securities Fraud occurs in many forms from unsuitable investments, misrepresentation and omission to breach of contract and fiduciary duty, and only seasoned securities attorneys are equipped to handle these complex cases.

Malecki Law has served clients that have been victimized by securities fraud for over two decades. The lawyers that specialize in securities fraud are equipped to handle a variety of cases that can expose investors to defective securities products and fraud, among other things. It is critical to have representation from a firm that understands the intricacy of securities and commodities markets, the investment industry framework, and how investment strategies work and fail.

Through Ms. Malecki’s associations with the Board of Directors of the PIABA and its Foundation, FINRA’s National Arbitration and Mediation Committee (NAMC) and Securities and Exchanges Committee(SEC), the law firm has earned its reputation among Fortune 500 companies and everyday citizens as a firm that works for the good of their clients.

If you would like to report anything, Malecki Law is ready and willing to help you through that process. To schedule a free initial consultation with Malecki Law, please call 212-943-1233, or email jenice@maleckilaw.com

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Client Reviews
★★★★★
Jenice Malecki, is one of the most helpful individuals Ive had the pleasure of speaking with. She is super knowledgeable. She helped me navigate the ever changing world of securities law. You will find her understanding of complex matters helpful and insightful. She is straightforward and candid. She makes your options easy to understand. I would recommend her without any hesitation. 10/5 stars! Enrique Tiburcio
★★★★★
I highly recommend Jenice and her team for any securities matters. She is a true professional and a pleasure to work with. She responds quickly to emails and listens to your concerns/questions. Jenice makes sure you're always informed and in the know about your case. Great experience and also very fairly priced! Jeff
★★★★★
An excellent professional who represented us in trial regarding a bank fraud, an unexpected and difficult time. A professional that worked hard, persevering and who stood toe to toe against firms that had a team of excellent lawyers backing them up. Her unflinching determination really stands out, it makes you feel you have someone who really cares about trying to recover what you lost from the people that wronged you. Salomon Levi
★★★★★
It is difficult to thank you in words when gratitude comes from the heart, so I will try to link feelings with writing. It is essential for us to mention your excellence as a professional, your aptitude on legal fields, and your unavoidable persistence. All of these virtues that elevate the profession you exercise in such an admirable way, go hand in hand with your sense of ethics, your human warmth and the transparency in your actions. To sum up, thank you for being a listening ear and for having the right word while transmitting information about the legal process. Having you as our representative during such an adverse situation was a privilege and enough reason for our eternal gratitude. Angeles Aparain
★★★★★
To say that my securities litigation was complex would be a severe understatement. With multiple parties involved and spanning many years, trying to understand the issues was daunting to say the least. Jenice and her team broke down the transactions by segment and by party uncovering every hidden expense. In the end, I was more than happy and could not thank Jenice and her team enough. I would not hesitate to recommend Jenice to anyone. She is highly professional, incredibly knowledgeable, well connected to industry experts, has a tireless work ethic and is so pleasant and easy to communicate with. Five stars for sure! Andrew Loughrane