Securities Fraud and Mismanagement

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Ponzi

Brent Seaman Ponzi Scheme

The DOJ says Brent Seaman ran a Ponzi scheme costing investors tens of millions of dollars. Brent Seaman faces accusations from federal officials for orchestrating a Ponzi scheme. The indictment reveals that from at least June 2019 to November 2022, Seaman, a resident...

Stephen Swenson

Stephen Swenson stole investor funds to support his mistresses and left his widow to pay the SEC. On July 31, 2025, the late wife of Stephen Swenson agreed to payback funds she received as part of her late husband’s scheme. She did this to settle SEC charges....

Edwin Emmett Lickiss

Edwin Emmett Lickiss is accused taking millions of dollars from dozens of people. On or about July 21, 2025, a federal grand jury in Oakland, California indicted Edwin Emmett Lickiss, Jr., on one count of wire fraud and one count of money laundering in connection with...

First Liberty Ponzi Scheme

First Liberty is accused of defrauding note investors in a Ponzi scheme. On July 10, 2025, the SEC filed charges against First Liberty Building & Loan, LLC. The allegations are that First Liberty was party of a Ponzi scheme. That scheme victimized approximately...