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Wall Street Investment Fraud Lawyer Blog

Equal Employment Opportunity Commission Files Age Discrimination Suit Against AT&T
The Doss Firm

According to The New York Times, the Equal Employment Opportunity Commission (EEOC) has filed an age discrimination lawsuit against AT&T. Specifically, it is alleged by the EEOC that AT&T, the largest telecommunications provider in the United States, “discriminate(s) against older employees by denying them the chance to be rehired solely because they left under early retirement…

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The Gresham Company Charged in $15 Million Ponzi Scheme
The Doss Firm

According to the Atlanta Journal Constitution (AJC), Eldon A. Gresham, of The Gresham Company, a Peachtree City based company, has been charged with running a multimillion dollar Ponzi scheme. The U.S. Commodity Futures Trading Commission charges Gresham with soliciting more than $15 million from at least 75 investors to further his scheme. Particularly, it is alleged that…

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Chief Accounting Officer of Beazer Homes Charged With Fraudulent Earning Management Scheme
The Doss Firm

According to a press release, the Securities and Exchange Commission (SEC) has charged Michael T. Rand, the former chief accounting officer of Beazer Homes, USA, Inc., with conducting a fraudulent earnings management scheme. It is alleged that this scheme took place over a period of years and that Rand mislead both internal Beazer accountants and…

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Stay Away From Insurance-Affiliated Financial Advisors
The Doss Firm

Due to the long overdue need for investor-friendly reform in the financial services industry, the Obama administration has proposed legislation that would require broker-dealers who provide investment advice to assume fidicuary duties to their clients. In case you do not know, a fiduciary is someone that is held in a position of trust. As a…

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Provident Royalties, LLC Alleged to Have Made Fraudulent Securities Offerings
The Doss Firm

It is alleged by the Securities and Exchange Commission (SEC) that Provident Royalties, LLC, a Dallas, Texas based company owned and controlled by Paul R. Melbye, Brendan Couglin, and Henry Harrison, has “made a series of fraudulent securities offerings involving oil and gas assets through 21 affiliated entities to more than 7,700 investors throughout the United States.”…

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Atlanta Companies’ Retirement Funds Lose $2.7 Billion in 2008
The Doss Firm

According to the most recent Atlanta Business Chronicle article entitled Atlanta companies lose billions in retirement funds, some of the largest Atlanta/Georgia-based companies have lost billions of dollars in their retirement and savings plans. The losses approximate $2.7 billion in 2008. The companies are listed below along with their respective 2008 decline in employee investable assets:…

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Promissory Notes Not Living Up to Promise
The Doss Firm

The Financial Industry Regulatory Authority (FINRA) offers some sound advice when it comes to Promissory Notes. Promissory notes often appear as an attractive alternative to stocks and bonds during this tough economic climate. However, investors need to beware of several problems prior to investing. A promissory note is a type of debt that a company uses to…

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Prime Capital Services, a New York-Based Firm, Charged With Fraudulent and Unsuitable Sales of Variable Annuities to Florida Senior Citizens
The Doss Firm

According to the Securities and Exchange Commission (SEC), Prime Capital Services (PCS), a New York-Based Firm, has been charged with luring Florida senior citizens through free-lunch seminars to buy variable annuities which were unsuitable for these individuals. The SEC states that PCS is a registered broker-dealer that is a wholly-owned subsidiary of Gilman Ciocia, Inc. (G &…

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Is Your 401K Overconcentrated With Your Employer’s Stock?
The Doss Firm

The Financial Industry Regulatory Authority (FINRA) has issued a warning to those who have or may concentrate too much of their retirement savings in their employer’s stock. FINRA wants investors to realize that should their company’s stock fall in value so will their portfolio. The greater percentage that you have invested in your company’s stock, or any…

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