The United States Attorney for the Northern District of Alabama has filed a complaint for the forfeiture of property owned by Bryan W. Anderson, a broker who was formerly employed by both Met Life and Pruco. The complaint seeks to secure property as a result of a government investigation. Bryan Anderson was the target of the investigation because the government believed he was running a Ponzi scheme that Anderson touted as a box trade hedge fund he claimed to manage. Mr. Anderson apparently offered rates of return from 5% to 20% over short period of time, generally 30 to 60 days. The Complaint alleges that Anderson typically offered a promissory note that would show the principle that had been invested along with the guaranteed rate of return. It also stated that Anderson represented that the investment was 100% risk free and that he had to match the amount provided by the investor. The complaint filed by the government further alleges that no box trade hedge fund ever existed and that Mr. Anderson violated numerous federal laws including fraud, wire fraud, money laundering, and violations of Alabama law as a result of orchestrating this Ponzi scheme he held out as a legitimate investment.

The Frankowski Firm, LLC has recently filed a claim with FINRA against Met Life and Pruco (Prudential) and their ex-broker, Bryan W. Anderson, on behalf of five investors who lost money as a result of these questionable investments. If you invested with Mr. Anderson through Pruco or Met Life, feel free to contact The Frankowski Firm, LLC at 888-741-7503 for a no-cost consultation.