Topic: Joseph Forte

Pa. investor gets 15 years for $35M Ponzi scheme

AP News - 814 days ago
Philly-area fund manager gets 15 years in prison for $35M Ponzi scheme to boost social statusA gym owner-turned-investment fund manager was sentenced Tuesday to 15 years in prison for running a Ponzi scheme that left investors short $35 million once the fraud ...

Suspect in $50M Ponzi scheme says money is gone

AP News - 1115 days ago
Pa. fund manager charged in $50 million Ponzi scheme says money is gone; court case delayedA Philadelphia-area investment manager charged with defrauding investors of about $50 million told reporters Tuesday that the money is gone.Joseph Forte, 53, of Broomall said he ...

BRIEF-U.S. SEC, CFTC accuse fund manager of $50 mln Ponzi scheme

Forbes - 1134 days ago
The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission: * Say charged Philadelphia investment fund manager and firm for alleged Ponzi scheme. . * Accuse Joseph Forte obtained an estimated $50 million through sales of securities in the form ...