The Securities Exchange Commission has launched a major lawsuit against FINRA brokers Jeffrey L. Gainer and Jerry A. Cicolani, Jr., as well as KGTA Petroleum, LTD and the founders of KGTA, Thomas Abdallah (a/k/a Tom Abraham) and Kenneth Grant, alleging that these brokers, each of whom was registered with FINRA member Prime Solutions Securities, Inc., perpetrated a ponzi type investment scam …
ATTENTION VICTIMS OF THE KGTA CICOLANI SECURITIES FRAUD-PONZI SCHEME
ATTENTION VICTIMS OF THE KGTA CICOLANI SECURITIES FRAUD-PONZI SCHEME The United States Securities and Exchange Commission (SEC) is charging KGTA Petroleum, Ltd. (“KGTA”) as well as the officers of KGTA and brokers of KGTA securities, Thomas Abdallah (a/k/a Tom Abraham), Kenneth Grant, Jerry Cicolani, Jr. and Jeffrey Gainer with operating a securities fraud/Ponzi scheme. The SEC alleges that Cicolani and …
KGTA: Akron-area Ponzi scheme took in nearly $21 million from 47 people, SEC lawsuit says
Seven people in the Akron area and other parts of Northeast Ohio are charged with scamming nearly 50 people out of more than $20 million in what federal investigators allege was a significant Ponzi scheme involving a fake oil and fuel-trading business. Federal court records show the FBI and U.S. attorney general’s office are pursuing a criminal investigation as well, …
NY Times article – Years of Overlooked Red Flags Catch up to Stockbroker
In this article posted in the NY Times, it outlines the case of Younkin v. Merrill Lynch involving stockbroker Jerry A. Cicolani Jr. Click here to read the full article.
1.24 Million awarded in Rogers v. Norton case
Click here to view the official FINRA award & dispute resolution document. In a related article by Money Magazine, titled “The Perils of Bad Advice”, it further outlines the details of Rogers’ situation. Click here to read the full article.