John Loofbourrow (CRD #: 312494), a broker registered with Demopolis Capital, has multiple pending disclosures, according to his BrokerCheck record, accessed on January 8, 2021. Loofbourrow also has three regulatory disclosures that investors should note. As of December 10, 2020, John Loofbourrow has a pending bankruptcy. On October 24, 2020 a client alleged that Loofbourrow…

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According to allegations by the FBI, Matthew Piercey of Shasta County, California operated a Ponzi scheme through his companies, Family Wealth Legacy and Zolla Fund. When agents went to arrest Piercey, he fled in his truck, with a plan to escape into the frigid waters of Lake Shasta. Unfortunately for Piercey, his plan was foiled…

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In October 2020, a judge sentenced former financial adviser Leon Vaccarelli of Waterbury, Connecticut to seven-and-a-half years in federal prison. This followed a trial in 2018, when a jury determined that Vaccarelli had committed a total of 21 federal crimes, including money laundering and securities fraud. According to the prosecution, Vaccarelli stole money from investors…

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The SEC alleges that a California company, Professional Financial Investors, Inc., made Ponzi-like payments using notes sold by a related entity, Professional Investors Security Fund. In a recent complaint, the SEC also alleges that Lewis Wallach, the former president of Professional Financial Investors, misappropriated funds. According to the SEC, Wallach raised funds from investors by…

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Peter Wittman (CRD#: 4995877), a previously registered broker and current registered investment adviser (RIA) with Redhawk Wealth Advisors, Inc. (CRD#: 146616) in Franklin, Tennessee, is currently involved in a customer dispute over unregistered Woodbridge securities, according to his Investment Adviser Public Disclosure (IAPD) record accessed on May 6, 2020. On February 21, 2020, a customer…

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Marc Linsky (CRD#: 1450006), a registered representative with ProEquities, Inc. (CRD#: 15708) in Marlton, New Jersey, is currently involved in a customer dispute in which a client alleges that Marc Linsky’s recommendation of GPB Automotive Holdings was negligent, according to Marc Linsky’s BrokerCheck record accessed on February 24, 2020. On January 21, 2020, a client…

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