INDEPENDENT WEALTH MANAGEMENT - Key Persons
Allen Stanford is being charged with a "massive ongoing fraud" in relation to $8B of CDs that were sold to investors with promised returns exceeding 8%. There were 30,000 CDs sold in 131 countries. The full Reuters article can be read here.
Danny Pang of The Private Equity Management Group is being charged with defrauding investors out of hundreds of millions of dollars since 2003. In addition to his fraud the SEC complaint says that he lied about his education and prior career saying he was a former senior vice president and technology merger adviser at Morgan Stanley and had an advanced business degree from the University of California at Irvine. It is unknown as of now whether or not Mr. Pang is still in the United States. More can be read at nytimes.com.
Job Titles:
- Ex - CEO of Qwest Communications International Inc
Marvin R. Cooper allegedly targeted members of the deaf community in a Ponzi scheme that raised $4.4M dollars. The SEC said that Cooper's company, Billions Coupons, held seminars at Community Centers where deaf people were targeted. The SEC claims that Cooper took $1.4M of investor funds for personal expenses, including the purchase of a new home. The full Yahoo.com article can be read here.
Job Titles:
- Founder of Agape World Inc
Cosmo is being charged with mail fraud in what could be a $380M Ponzi scheme. Cosmo is the founder of Agape World Inc. A company that is claimed to have been started in 1999, a year that Cosmo was in prison for misappropriating funds. While in prison it is reported...
Partner and CERTIFIED FINANCIAL PLANNER™ Practitioner. Steve has over 18 years of financial planning experience. He earned his B.S. in Finance from Miami University and held positions as Accounting Supervisor and Assistant Controller for a Fortune 200 Company subsidiary.
Education
CFP® College for Financial Planning in Denver, Colorado (1999)
Bachelor of Science - Finance, Miami University (1983)