May 28, 2015

The SEC announced fraud charges against William Quigley for allegedly fleecing investors and stealing money from Trident Partners Ltd., the brokerage firm where he worked as the director of compliance.  According to the SEC, Quigley was involved in a scheme to solicit investors to buy stock in well-known companies or supposed start-ups on the verge of going public, but the securities were never actually purchased for them.  Instead, after investors wired their funds to bank and brokerage accounts that Quigley set up and controlled, the money was quickly wired to a bank account in the Philippines or withdrawn in small increments from ATM machines in the vicinity of Quigley’s home and office.  SEC

Tagged in: Misrepresentations, Securities Fraud,