Tag Archives: U.S. Securities and Exchange Commission
SEC Sanctions Broker Who Defrauded Investors in Real Estate Company
Many people rely on family and friends for investment advice. While there is nothing wrong with this, it is important to always do your own homework before trusting someone else—even someone you think you know—with your money. Securities fraud schemes often rely on misplaced trust by inexperienced investors. For example, the U.S. Securities and… Read More »
SEC Charges New York Real Estate Investor with Securities Fraud
On December 12th, the U.S. Securities and Exchange Commission charged a New York man with securities fraud in connection with his now-bankrupt real estate investment company. The SEC claims David L. Fleet, former owner of Cornerstone Homes, Inc., cheated over 300 “mostly elderly, unsophisticated investors” out of more than $16 million. The SEC is… Read More »
