Articles Tagged with Investigation

ICON Capital LLCAccording to publicly available records provided by the Securities and Exchange Commission, the SEC has taken civil action against ICON Capital LLC, formerly known as ICON Capital Corporation. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding ICON Capital.

According to the company’s website, ICON Capital is an “alternative investment manager that provides innovative investment solutions to individual and institutional investors through publicly registered programs, private funds and separately managed accounts.” The company purchases and manages “big-ticket leases” of equipment to corporate customers and additionally provides specialty financing. Such equipment includes airplanes, ships, drilling rigs, trailer equipment, and telecommunications equipment. Continue Reading

John HudnallPublicly available records published by the Financial Industry Regulatory Authority (FINRA) on May 11, 2016 indicate that former California-based US Bancorp broker John Hudnall is currently not licensed to act as a broker or an investment adviser. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hudnall (CRD# 4200298).

John Hudnall has spent 14 years in the securities industry and was most recently registered with US Bancorp Investments in San Francisco, California (2012-2015); Bancwest Investment Services in San Francisco, California (2010-2012); Merrill Lynch in San Mateo, California (2009-2010); Citicorp Investment Services in San Francisco, California (2002-2007); and Morgan Stanley DW in Purchase, New York (2000-2002). He is currently not registered with any state or firm. Continue Reading

Leigh GarberBased on publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on February 22nd, 2016, New York-based National Securities and Adirondack Trading Group broker Leigh Garber is the subject of a pending regulatory complaint. The securities and investment fraud law firm Fitapelli Kurta is investigating allegations of misconduct related to Ms. Garber (CRD# 2768572).

Leigh Garber has spent seventeen years in the securities industry and has been registered with National Securities and Adirondack Trading Group in New Woodstock, New York since 2016 and 2010, respectively. Previous registrations include: Clayton Lowell & Conger in New Woodstock, New York (1998-2015); Newbridge Securities Corporation in New Woodstock, New York (2015); and IBN Financial Services in Liverpool, New York (2003). She is a registered broker in eleven US states: California, Connecticut, Indiana, Maine, Massachusetts, New Hampshire, New Mexico, New York, Ohio, Rhode Island, and Texas. Continue Reading

Deepal Wannakuwatte

According to the Federal Bureau of Investigation (FBI), Sacramento-based businessman Deepal Wannakuwatte has been ordered to pay millions of dollars in restitution following allegations that he operated a Ponzi scheme.

According to the FBI, Wannakuwatte “fooled his investors and his lenders” and “fraudulently obtained in excess of $230 million from more than 150 victims, including individuals, businesses, government agencies, and financial institutions,” which he used to finance separate business ventures, “line his own pockets,” and operate the investment fund as a Ponzi scheme. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Wannakuwatte. Continue Reading

United Development Funding IVAccording to Investment News, the Federal Bureau of Investigation (FBI) has raided the offices of United Development Funding IV, a publicly-traded real estate investment trust (REIT) based in Dallas, Texas. The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have lost money investing in United Development Funding IV.

United Development Funding IV manages traded and non-traded REITs, according to Investment News, and its stock price fell 81% in recent months, after a hedge fund alleged United Development Funding IV operates “like a Ponzi scheme.” Continue Reading

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding the LEAF Equipment Leasing Fund III Limited Partnership.

According to Bloomberg, LEAF Equipment Leasing Income Fund III, L.P. is an equipment leasing and finance fund that “principally invests in [a] diversified portfolio of new, used, or reconditioned equipment that it leases to third parties.” This portfolio includes “industrial equipment, computers, medical equipment, office equipment, restaurant equipment, garment care equipment, building systems, and communication equipment.” The LEAF Equipment Leasing Income Fund III L.P.’s portfolio contained 5,875 equipment leases with 5,576 individual users in 50 states as of June 30th, 2007. Continue Reading

The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding California-based Western International Securities broker George Zedan (CRD# 3073261).

George Zedan has spent seventeen securities industry and has been registered with Western International Securities in Glendale, California since 2013. Previous registrations include LPL Financial in Glendale, California (2004-2013); WM Financial Services in Irvine, California (1999-2004); American Express Financial Advisors (1998-1999); and IDS Life Insurance Company in Minneapolis, Minnesota (1998-1999). He is a registered broker in California. Continue Reading

The securities and investment fraud law firm Fitapelli Kurta is interested in speaking to investors who have complaints regarding Florida-based Newbridge broker James Ignatowich (CRD# 2490731).

James Ignatowich has spent 21 years in the securities industry and has been registered with Newbridge Securities Corporation in Boca Raton, Florida since 2014. Previous registrations include Investors Capital Corporation in Greenwich, Connecticut (2008-2014); Eastbrook Capital Group in New York, New York (2000-2008); Prime Charter in New York, New York (1997-2000); Janney Montgomery Scott in Philadelphia, Pennsylvania (1997); Whale Securities in New York, New York (1996-1997); and Prime Charter in New York, New York (1994-1996). Continue Reading