Securities Fraud in Westchester

Westchester is one of the first suburban upper middle class area of its scale in the world to develop, due to an explosion in wealth and population. Westchester has some of the priciest zip codes in all of New York State and around the United States. Rye, Purchase, Scarsdale, Larchmont, Harrison, Armonak, Chappaqua, and Bedford are home to a number of million dollar estates, and easily make it to the top of richest neighborhoods in New York, with median household incomes exceeding $350,000. Westchester County has a higher median household income than New York County at $86,108 (Data USA 2016). Our Westchester securities fraud attorneys and elder financial fraud attorneys have worked with residents of this area on a range on securities fraud cases, involving modest to large sums of money and investments.

Where upscale shopping centers and invitation-only clubs abound, the affluent county has also seen its share of Ponzi, affinity and elder fraud scams. Our securities fraud lawyers in Westchester have brought worked on investment scams and frauds that use unethical practices to influence investors. In a much talked about case, Anthony John Johnson was reportedly sentenced to imprisonment for running a $12 million Ponzi scheme through his investment advisory service Gibraltar Partners. He allegedly defrauded 72 families by placing their money in investment ventures around the world in countries like Australia and China. He allegedly committed these crimes while awaiting sentencing on another securities crime making it “all the more shocking”, mentioned the then United States Attorney for the Eastern District of New York, Loretta Lynch.

More recently in 2016, two men from New Rochelle who ran Platinum Partners L.P. were reportedly indicted on securities and investment adviser fraud charges for defrauding investors from the orthodox Jewish community. They allegedly ran a $1billion Ponzi scheme and committed fraud by over valuation of their assets, concealing cash flow issues, and preferential payment redemptions. A few years earlier, 2 accountants from Westchester, Brown and Mangini, allegedly took the name of an inoperative company, Infinity Reserves-Tennessee Inc., owned by a client. They reportedly sold fake promissory notes guaranteeing a 10 percent return and stocks of this supposedly profitable company owning a gas pipeline, whereas the gas pipeline in question had been inactive for years.

Our Westchester securities fraud attorneys frequently work with investors and investment professionals on investment fraud claims and whistleblower representation. Our attorneys have handled a number of securities litigation, arbitration and mediation cases with record settlements and awards.

In Westchester, 20 percent of the population is 60 years or older (Westchester.gov). A growing number of elder financial abuse cases have been reported against elder residents of this community. Elder financial abuse can range from improper use of funds, falsification of records, embezzlement, coercion, and denial to fraud. Elders are especially vulnerable to affinity fraud and other schemes sometimes as a result of their diminished capacity. Our securities fraud lawyers in Westchester work with regulatory and self-regulatory bodies like FINRA to protect vulnerable elders from getting scammed.

There is a wide variety of securities cases that Malecki Law lawyers handle, including:

  • Unsuitability, Churning and Defective Securities Products
  • Whistleblower Claims
  • Real Estate Investments & Trusts
  • Representation at the Securities and Exchange Commission (SEC), Financial Regulatory Authority (FINRA), regulatory and self-regulatory bodies.
  • Securities Arbitration & Mediation
  • Securities & Commercial litigation
  • Securities Industry Audits & Investigations

If you or anyone you know has been solicited with questionable schemes or seen suspicious activities in your accounts, schedule a free initial consultation with Malecki Law, by calling 212-943-1233, or emailing jenice@maleckilaw.com

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Client Reviews
  • Jenice Malecki and Bob Van De Veire did an excellent job on the meditation they handled for me and a group of investors. They were thorough, well-prepared, and knew exactly how to pitch our case. Hope not to need lawyers for FINRA claims again, but would not hesitate to use Malecki Law again.
    ★★★★★
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