+1-888-741-7503

|Richard@frankowskifirm.com

About Richard Frankowski

This author has not yet filled in any details.
So far Richard Frankowski has created 573 blog entries.

Indiana Developer Pleads Guilty To Securities Fraud

Cornelius Alig, an architect and real-estate developer from Indianapolis, Indiana, allegedly received thousands of dollars from victims through promissory notes he was unable to pay. Alig was charged earlier this year with twenty felonies, including several counts of securities fraud, forgery and theft, following a lengthy grand jury investigation. He pleaded guilty this week to theft and fraud charges. According to prosecutors, Alig received personal profits from eight promissory notes, totaling $340,000. He was unable to repay the notes and did not own the collateral offered as security for the notes. Most of the charges against Alig were dropped as part of a plea deal with the prosecutor's office. The agreement calls for a sentence of two to eight years and requires Alig to pay restitution to victims. Alig was a partner at Lockerbie Commons LLC, which owned and operated an office property in Downtown Indianapolis. The prosecution claims Alig pocketed thousands of dollars in rent payments from Lockerbie Commons' office [...]

By |December 9th, 2015|Fraud, Press Releases & News|
Read More

FINRA Charges Cantone Research Inc.’s President With Fraud

FINRA filed a complaint against Cantone Research Inc. ("CRI") of Tinton Falls, New Jersey and its President, Anthony J. Cantone, charging fraud in connection with the sales and subsequent extensions of more than $8 million of certificates of participation ("COP") in five promissory notes. The complaint alleges that four of the five pertinent promissory notes have defaulted, causing over $6 million in losses to investors. Simultaneously, CRI and Cantone received fees, commissions, and other payments of over $1 million. Further, the complaint charges Christine L. Cantone, CRI's Chief Compliance Officer during the time of the alleged fraudulent misconduct with failing to supervise Catone. According to the complaint, the promissory notes at issue were executed on behalf of one of several entities controlled by Christopher Brogdon, an individual who worked in the assisted living and nursing home industry. Under the terms of the COP sold by Cantone, Brogdon would use investors' funds to purchase and/or redevelop a nursing home, assisted living [...]

By |December 8th, 2015|FINRA, Fraud, Press Releases & News|
Read More

Hedge Fund Manager Who Faked Death Guilty Of Fraud

Mark Malik, a New York hedge fund manager who once feigned his own death to avoid repaying an investor, was found guilty of fraud after a two-week trial in New York state court. Malik was convicted by a jury of all 28 counts, including grand larceny and securities fraud. He will serve up to twenty years in prison. "Our message is clear: if you commit securities fraud in New York, we will bring you to justice,” said New York Attorney General Eric Schneiderman in announcing the guilty verdict. Malik was arrested earlier this year for allegedly stealing more than $800,000 from local and foreign investors. Malik represented himself to investors as an experienced trader with a Harvard degree, according to Schneiderman. However, his previous jobs included working as a traffic agent for the NYPD and waiter/bus boy for Max Brenner in Manhattan's Union Square neighborhood. At trial and against the advice of his lawyer, Malik took the witness stand. Wearing khaki [...]

By |December 7th, 2015|Fraud, Press Releases & News|
Read More

Madoff Victims Receive Biggest Payout In Years With Checks For $1.1M

Bernard Madoff's victims are getting big checks as the trustee unwinding his fraud sends out $1.2 billion in recovered funds, with checks averaging $1.1 million. This payout is the biggest in over three years and comes a week before the anniversary of Madoff's December 11, 2008 arrest, when thousands of retirees, charities, investment funds, and other clients realized they had lost $17.5 billion in principal in the decades-old Ponzi scheme. The distribution beginning today raises the victims' recoveries to $9.16 billion, about 57% of their lost funds, according to trustee Irving Picard. Picard said that checks will range from $1,298 to $202 million and when this payout, which is the sixth distribution of funds, is complete nearly 1,300 victims will have been made whole. Picard stated that his recoveries "exceed similar efforts related to prior Ponzi scheme recoveries, in terms of dollar value and percentage of stolen funds recovered." He will send another $320 million after pending litigation is resolved. The [...]

By |December 4th, 2015|Fraud, Press Releases & News|
Read More

Fill Out The Form To Receive A Free Confidential Consultation

Consultation

The recoveries, verdicts, favorable outcomes, and testimonials described on this site are not an indication of future results. Every case is different, and regardless of what friends, family, or other individuals may say about what a case is worth, each case must be evaluated on its own facts and circumstances as they apply to the law. The valuation of a case depends on facts, the damages, the jurisdiction, the venue, the witnesses, the parties, and the testimony, among many other factors. No representation is made that the quality of the legal services performed is greater than the quality of the legal services performed by other lawyers.

Disclaimer: Mr. Frankowski is licensed in Alabama,Florida and Texas. He is not licensed in any other state including Nevada and California. Mr. Frankowski has represented investors from all over the country in securities cases including: Alabama, California, Colorado, Florida, Georgia, Illinois, Kentucky, Louisiana, Mississippi, Nevada, New Mexico New York, North Carolina, Tennessee, Texas.