Thursday, April 11, 2013

FINRA Accuses Success Trade Securities of Massive Fraud

FINRA has accused Success Trade Securities of being involved in an alleged Ponzi scheme involving professional athletes, among others.  "The Financial Industry Regulatory Authority (FINRA) has accused Success Trade Securities and it’s owner, Fuad Ahmed, of lying about key facts surrounding investments secured by 58 clients. FINRA did not release the names of the athletes ensnared in the scam, however, an 18-month investigation by Yahoo! Sports determined that a large portion of those involved were players represented by Jade Private Wealth Management."

http://sports.yahoo.com/blogs/not-for-attribution/feds-nfl-nba-players-ensnared-18-million-investment-181232863.html

If you believe you are the victim of a Ponzi scheme such as the one allegedly perpetrated by Success Trade Securities and Jade Private Wealth Management, please contact the Law Office of Peter M. Spett for a free consultation to evaluate your legal rights and claims:  www.spettlaw.com