Philadelphia Electrical Contractor Pleads Guilty To Tax Fraud — Again


A Philadelphia based electrical contractor imprisoned for tax fraud in 2007 pleaded guilty Thursday to new charges of tax fraud and theft from employee benefit plans, authorities announced.  Donald Dougherty, 54, who owns Dougherty Electric, Inc. as part of a plea deal agreed to pay $92,913 in taxes due to the Internal Revenue Service, arising from false business deductions for what were actually...

COVID-19: Young Philadelphia Entrepreneur Charged In Massive PPE Fraud Scheme


A 26-year-old Philadelphia man scammed two companies out of $700,000 then spent that money on vacations, a luxury car and gambling instead of buying promised PPE amid the COVID-19 pandemic, authorities announced. Gauravjit Singh promoted himself as a purveyor of PPE in May 2020, then claimed he had contacts at a factory in Nanjung, China, that manufactured medical gowns, Acting U.S. Attorney...

David Lerner Associates Broker Rafael Klein May Have Unsuitably Recommended Energy 11 To Investors


Pending Customer Disputes Involving David Lerner Associates Broker Rafael Klein Seek $300K in Damages Rafael Scott Klein, a David Lerner Associates broker and Spirit of America Management Corp. investment advisor, may have unsuitably sold investments in Energy 11, LP to customers. Energy 11 is a non-traded limited partnership set up to acquire and develop natural gas and oil properties in the...

Atlantic City Teenagers Arrested, Loaded Gun Recovered


Two Atlantic City teenagers were arrested after police responded to a report of shots fired, authorities said. A ShotSpotter audio gunshot-detection system alerted police to gunfire at 3:04 p.m. Monday in the 700 block of Maryland Avenue, Lt. Kevin Fair, a police department spokesman, said on Wednesday. Two suspects were seen running into a residence on the 800 block, where police surrounded the...

Long Island Man Arrested For Robbing Popular Jewelry Store, Police Say


A Long Island man has been arrested for allegedly robbing a jewelry store. The robbery took place around 4:40 p.m., Tuesday, Jan. 19, at the Kay Jewelers in Shirley, said the Suffolk County Police. According to police, Joshua Wilson of Riverhead entered the store located at 999-17 Montauk Highway and unsuccessfully attempted to gain access to a display case by striking it with a concrete brick. ...

FINRA Orders Worden Capital Management to Pay Over $1.5M Over Brokers’ Churning


Worden Capital Management’s Settlement Includes $1.2M in Customer Restitution In December 2020, Worden Capital Management, a New York-based broker-dealer, arrived at an over $1.5M settlement with the Financial Industry Regulatory Authority (FINRA) over excessive trades made by the firm’s registered representatives.  The self-regulatory organization (SRO) contends that from January 2015 to...

LPL Financial Acquires Lucia Securities


San Diego-Based Brokerage Firm Under Scrutiny Over Sierra Income Sales LPL Financial Holdings (LPLA), the largest independent brokerage firm in the United States, has finalized its acquisition of Lucia Securities, a San Diego-based broker-dealer and registered investment advisor. With over $1.5B in assets, Lucia Securities and its advisors will operate under the name Lucia Capital Group. ...

PA Man Arrested After Posting Photos, Videos Participating In Capitol Riots To Facebook


A Pennsylvania man was arrested for participating in the U.S. Capitol riot after posting photos and videos of himself participating. Andrew Wrigley was arrested in the Middle District of Pennsylvania on Friday. He was charged with knowingly entering or remaining in any restricted building or grounds without lawful authority and violent entry and disorderly conduct on Capitol grounds. A special...

Here Are Four Ways To Avoid Stimulus Check Scams


Consumer protection and law enforcement agencies are warning people to be wary of scams associated with stimulus checks. To avoid scammers, the Department of Consumer Protection is circulating tips on how to identify, stop, and/or report fraudsters going after stimulus checks. The second round of stimulus checks to help Americans deal with an economy hampered by COVID-19 began arriving in...

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