LERMAN LAW FIRM ISSUES NATIONWIDE ELDER FINANCIAL EXPLOITATION ALERT OF PONZI SCHEMES TOUTING NFL PLAYERS AS CURRENT INVESTORS

 

http://www.globenewswire.com/news-release/2016/03/03/816663/0/en/Lerman-Law-Firm-Issues-Nationwide-Elder-Financial-Exploitation-Alert-of-Ponzi-Schemes-Touting-NFL-Players-as-Current-Investors.html

Any seniors, NFL players, or others who believe they may be victims of these investment schemes are encouraged to contact local, state and federal authorities immediately to help bring the perpetrators to justice.

FORT LAUDERDALE, Fla., March 03, 2016 (GLOBE NEWSWIRE) -- The Lerman Law Firm (Cathy Jackson Lerman, PA) today issued a nationwide alert to senior citizens and elders, who are being targeted for Ponzi and investment schemes, and drawn in on the premise that players in the National Football League (NFL) are already investors. These senior victims are approached and enticed by investment fraud promoters to invest through self-directed IRAs, promissory notes, cash or penny stocks. In most cases, the NFL players used to promote the Ponzi schemes are actually victims themselves and have no knowledge that their names are being used to perpetuate fraud on the elderly.

Cathy Lerman, Esq. of the Lerman Law Firm stated today: “Our law firm is working with a wide array of victims, whistleblowers, and state and federal law enforcement to bring the perpetrators of these schemes against the elderly to justice. We are also assisting NFL players who are victims of these fraudulent investment schemes.”

Lerman added: “We encourage any seniors, NFL players, or others who believe they may be victims of these financial exploitation schemes to immediately contact law enforcement.  Victims should also file complaints with the SEC, the attorneys general of their state and their state securities commissions.  This is an ongoing case of affinity fraud being conducted all across the United States, and it must be stopped immediately.”

The Lerman Law Firm is headquartered in Fort Lauderdale, Florida but handles a variety of legal matters across the United States including, but not limited to regulatory issues, elder law, consumer protection, ethics and public corruption.  Ms. Lerman may be reached at clerman@lermanfirm.com or 954-332-1143.

March 03, 2016 10:00 ET | Source: Lerman Law Firm

Any seniors, NFL players, or others who believe they may be victims of these investment schemes are encouraged to contact local, state and federal authorities immediately to help bring the perpetrators to justice.

FORT LAUDERDALE, Fla., March 03, 2016 (GLOBE NEWSWIRE) -- The Lerman Law Firm (Cathy Jackson Lerman, PA) today issued a nationwide alert to senior citizens and elders, who are being targeted for Ponzi and investment schemes, and drawn in on the premise that players in the National Football League (NFL) are already investors. These senior victims are approached and enticed by investment fraud promoters to invest through self-directed IRAs, promissory notes, cash or penny stocks. In most cases, the NFL players used to promote the Ponzi schemes are actually victims themselves and have no knowledge that their names are being used to perpetuate fraud on the elderly.

Cathy Lerman, Esq. of the Lerman Law Firm stated today: “Our law firm is working with a wide array of victims, whistleblowers, and state and federal law enforcement to bring the perpetrators of these schemes against the elderly to justice. We are also assisting NFL players who are victims of these fraudulent investment schemes.”

Lerman added: “We encourage any seniors, NFL players, or others who believe they may be victims of these financial exploitation schemes to immediately contact law enforcement.  Victims should also file complaints with the SEC, the attorneys general of their state and their state securities commissions.  This is an ongoing case of affinity fraud being conducted all across the United States, and it must be stopped immediately.”

The Lerman Law Firm is headquartered in Fort Lauderdale, Florida but handles a variety of legal matters across the United States including, but not limited to regulatory issues, elder law, consumer protection, ethics and public corruption.  Ms. Lerman may be reached at clerman@lermanfirm.com or 954-332-1143.

LERMAN LAW FIRM ISSUES SELF-DIRECTED IRA INVESTOR ALERT AND GUIDANCE

The SEC has filed an enforcement action against Equity Trust Company, a self-directed IRA headquartered in Ohio, for facilitating the sale of securities/investments in certain Ponzi schemes.

Consumers/Investors who invested through Self-Directed IRAs in fraudulent investment schemes or Ponzi schemes are advised to file complaints with the SEC against the Self-Directed IRA Custodian if the Custodian facilitated the sale of the securities/investment, solicited the consumer to purchase the securities/investment, or recommended the purchase of the securities/investment.

Consumers should go to the SEC website at: https://www.sec.gov/complaint/tipscomplaint.shtml to file a complaint.

LERMAN LAW FIRM REQUESTS ASSISTANCE FROM WHISTLEBLOWERS WITH EVIDENCE OF SELF-DIRECTED IRA CUSTODIANS FACILITATING PONZI SCHEMES

  REQUEST FOR ASSISTANCE FOR VICTIMS OF PONZI SCHEMES FACILITATED THROUGH SELF-DIRECTED IRAs

The SEC has launched an investigation into the activities of purported Self-Directed IRA Custodian Equity Trust. However, the issue of Self-Directed IRA Custodians facilitating fraudulent investment schemes and Ponzi schemes is an industry issue not limited to Equity Trust.  The Lerman Law Firm is requesting that all whistleblowers and witnesses with direct knowledge and information concerning Self-Directed IRA Custodians facilitating, aiding, abetting, advertising, soliciting for, and promoting fraudulent investment schemes contact Cathy Lerman at 954-332-1143.  All information provided will remain confidential.

We know there are many former employees of Self-Directed IRA Custodians who are aware of their wrongful conduct and the devastating losses incurred by their customers through fraudulent investments funded through Self-Directed IRAs.  It is time to help these thousands of people by supplying the information necessary to bring all of the Self-Directed IRA Custodians, who helped fraudsters swindle their own customers, to justice.

Please contact Cathy Lerman at 954-332-1143 to provide assistance to these victims and aid in prosecution of these Self-Directed IRA Custodians.

LERMAN LAW FIRM IS PLEASED TO ANNOUNCE SEC INVESTIGATION OF EQUITY TRUST COMPANY

THE SEC HAS ANNOUNCED AN INVESTIGATION OF EQUITY TRUST COMPANY, A PURPORTED SELF-DIRECTED IRA CUSTODIAN. HERE IS A LINK TO THE ANNOUNCEMENT BY THE SEC: http://www.crainscleveland.com/article/20150616/NEWS/150619845/u-s-securities-and-exchange-commission-pursues-charges-against The Lerman Law Firm is co-counsel in a class action suit involving hundreds of Equity Trust customers who were the victims of multi-million dollar Ponzi schemes, including that of now-convicted felon Ephren Taylor.  The Lerman Law Firm applauds the SEC's actions and looks forward to the responsible persons within Equity Trust being brought to justice for aiding and abetting Ponzi schemes and fraudulent investment schemes.  This is a great day for our victims.

OUR PRAYERS ARE ANSWERED-EPHREN TAYLOR RECEIVES ALMOST 20 YEAR PRISON SENTENCE

For his hundreds of victims who lost their life savings, justice does not bring back the tens of millions of dollars that Ephren Taylor took from them in his prolific affinity fraud Ponzi scheme that targeted mainly African-American Christians.  The son of a preacher utilized his religious upbringing and training to con hundreds of the faithful by using their own religion to swindle them. Since July of 2011, I have worked with hundreds of victims, law enforcement, the Secret Service, the FBI, the SEC, the Department of Justice, the IRS and state and local law enforcement to bring Taylor to justice.  The fine men and women in these agencies deserve the deepest gratitude of Taylor's victims for their tireless efforts on behalf of his victims.  It has been my privilege to be a part of this.  It has also been a blessing to get to know and become close friends with many of his victims.  These are wonderful Christian people whose lives were devastated by Taylor's evil deeds.

And now my dear friends, God has answered our prayers.  This chapter of our lives closes but there is still much work to be done.  There are thousands of Ephren Taylor wannabees all over the country who are bilking innocent victims right now.

But as we press on after those who facilitated Ephren's crimes, let us not forget our mantra:

"DO NOT BE OVERCOME BY EVIL, BUT OVERCOME EVIL WITH GOOD." ROMANS 12:21.   AND THE PEOPLE SAID, "AMEN!"

God Bless You All!  Cathy