Results

ChapmanAlbin successfully won a historic $36.7 million award through FINRA arbitration against New York-based Oppenheimer & Company.

The claimants we represented, many of whom were seniors and decorated U.S. Air Force veterans, were victims of the Horizon Private Equity Ponzi scheme enacted through Oppenheimer by its predatory brokers. The case is a clear example of RICO damages.

Learn more about this award

Oppenheimer & Co. has been ordered to pay another huge arbitration award, this time for around $14 million, to clients in Florida who said they were victimized by a former company advisor accused of running a Ponzi scheme.

Oppenheimer was previously ordered in September of 2022 to pay another $36 million to investors in Georgia who said that the company was negligent over the years in overseeing Woods’ activities.

ChapmanAlbin represented more than 50 people who collectively lost millions due to Aubrey Lee Price’s fraudulent “PFG” investment fund. ChapmanAlbin brought claims against a large national brokerage firm alleging that it failed to supervise Justin Zegalia, Tim Cannady, and Aubrey Lee Price, its registered representatives that sold the illegal, unregistered PFG securities from its branch office.

We guided investors in recovering more than $5,000,000 in judgments and settlements.

ChapmanAlbin succeeded in negotiating favorable settlement terms for 140 clients who were victimized in a national Ponzi scheme called FEBG which was headquartered in northern Florida and operated by Wayne McCloud. Most of the claimants were current or retired Federal government agency employees. After the initial case settled, the attorneys at ChapmanAlbin were approached by more FEBG investors. ChapmanAlbin settled the claims for those investors as well.

In total, our attorneys assisted in recovering over $9,800,000 for victims of Wayne McCloud’s FEBG Ponzi scheme.

ChapmanAlbin successfully settled claims against a large brokerage firm on behalf of 71 individuals, mostly from Tennessee, who invested money in the J.C. Reed Ponzi scheme. After the first case settled, our attorneys filed a second case on behalf of 8 more investors who lost money in the J.C. Reed scheme. We successfully settled that case as well. The J.C. Reed scheme was originated and operated by John C. Reed and Barron Mathis. Reed and Mathis told investors that they would invest their money in growth-oriented, traditional instruments, such as investments with fixed annual returns or in established marketable securities. They promoted investments in their program as safe. Reed and Mathis assured investors that J.C. Reed was profitable. The company was not profitable. Virtually all of its operating capital came from shareholder investments.

We successfully assisted in recovering $3,500,000 for investors of the J.C. Reed Ponzi scheme.

ChapmanAlbin represented 15 Ohio investors who invested in an illegal unregistered offering from Inkstop, Inc., a national distributer of printer ink and other office supplies. ChapmanAlbin’s clients invested in the company relying upon audited financial statements prepared by a national accounting firm.

Our attorneys alleged that the firm was negligent in preparing audits for InkStop which it knew would be relied upon by the investing public. We assisted investors in recovering $1,800,000.