Silver Law Group is currently representing investors who have been victims to Perry Santillo Jr. and his associates’ alleged $102 million Ponzi scheme. Silver Law Group continues to investigate claims against Santillo and his associates’ businesses, including:
On June 19, 2018, the Securities and Exchange Commission (the “SEC”) shut down a $102 million Ponzi scheme and charged five (5) individuals and three (3) businesses with various securities laws violations.
The massive Ponzi scheme’s alleged orchestrators were all formerly registered with FINRA and employed by FINRA-registered firms, according to the SEC complaint. The following individuals were named in the SEC’s complaint:
CRD#4870499
Silver Law Group is investigating former Farmingdale, New York-based Active Capital broker Casey T. Rodriguez, after customer allegations of misrepresentation, unsuitable recommendations and churning where received by FINRA. Later in 2017, he was suspended for his failure to respond to an official request for information.
CRD#4913490
Silver Law Group is investigating Staten Island, New York-based First Standard Financial Company broker Willam Gennity following a customer complaint alleging unauthorized investment activity, unsuitable investment recommendations and breach of fiduciary duty.
CRD#1073181
Silver Law Group is investigating former Livermore, California-based Securities America broker Timothy D. Ballard after FINRA indefinitely suspended him following his failure to respond to a FINRA request for information.
CRD#4913490
Silver Law Group is investigating Former Syracuse, New York-based Wells Fargo broker Matthew Webster following a customer complaint alleging unauthorized investment activity and unsuitable investment recommendations.
Investor Arbitration Claims Blog