Block & Landsman is currently prosecuting a securities
fraud lawsuit arising out of a fraudulent investment scheme that has been
the target of the Securities and Exchange Commission. In July, 2012, the
SEC imposed sanctions against Charles Rizzo and Gina Hornbogen, the owners
of Results One Financial, LLC, for their failure to supervise adviser
Steven Salutric after he misappropriated $7 million from fifteen clients.
The SEC Order can be viewed here.
Salutric was employed by Results One Financial, which held client funds and securities at Charles Schwab & Co. Between 2002 and 2009, Salutric's fraudulent scheme involved his diversion of millions of dollars from the Schwab accounts by forging client signatures on wire transfer requests, which Schwab honored. In 2005, Schwab itself was sanctioned by the New York Stock Exchange for failing to properly supervise client accounts managed by such independent investment advisers who engaged in the same type of fraud.
If you believe you have been defrauded by Results One Financial, or if you believe that Charles Schwab & Co. failed to properly protect your accounts from fraudulent withdrawals, you may have a right to recover your losses. Please contact the securities fraud attorneys at Block & Landsman to discuss your case.
Salutric was employed by Results One Financial, which held client funds and securities at Charles Schwab & Co. Between 2002 and 2009, Salutric's fraudulent scheme involved his diversion of millions of dollars from the Schwab accounts by forging client signatures on wire transfer requests, which Schwab honored. In 2005, Schwab itself was sanctioned by the New York Stock Exchange for failing to properly supervise client accounts managed by such independent investment advisers who engaged in the same type of fraud.
If you believe you have been defrauded by Results One Financial, or if you believe that Charles Schwab & Co. failed to properly protect your accounts from fraudulent withdrawals, you may have a right to recover your losses. Please contact the securities fraud attorneys at Block & Landsman to discuss your case.
