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Morgan & Morgan’s securities attorneys are investigating an alleged $23 million Ponzi scheme involving former Georgia state legislator Clarence Dean Alford. The SEC has charged Alford with defrauding about 100 investors in Allied Energy Services LLC, his energy development company that today is bankrupt. The SEC alleges that Alford raised $23 million from investors by [...]

Morgan & Morgan’s securities attorneys are investigating an alleged $14 million fraudulent scheme involving Integrity Aviation & Leasing (IAL), which allegedly victimized many San Antonio police officers and other first responders. The Securities and Exchange Commission recently announced charges against a San Antonio-area businessman, Victor Lee Farias, and his company, IAL, for allegedly defrauding investors [...]

The Business Trial Group at Morgan & Morgan is investigating alleged theft of client funds by former registered representative and investment adviser Michael B. Carter of Morgan Stanley. The Securities and Exchange Commission recently charged Carter with fraud based on allegations that he stole from brokerage and advisory customers. Carter worked for Morgan Stanley as [...]

The Business Trial Group is investigating an alleged $60 million Ponzi scheme involving International Investment Group LLC, a former registered investment advisor. Previously, in late 2019, the Securities and Exchange Commission charged International Investment Group with fraud and revoked its registration. In March 2020, the SEC obtained a final consent judgment requiring International Investment Group [...]