Robert Charles Starnes


April 8, 2024

Type of alert:

Ponzi Scheme  

Attorneys at ChapmanAlbin are investigating Robert Charles Starnes, former registered representative at SA Stone Wealth Management, over allegations that Starnes defrauded investors through a Ponzi scheme that he operated from his offices in Wauwasota, Wisconsin. Starnes was recently barred by financial industry regulators and indicted by federal authorities following multiple customer complaints. Investors can read more about the customer complaints against Starnes on his BrokerCheck report, which is available here: (

Starnes allegedly used his association with SA Stone and his former employer, Quest Capital Strategies to lure unsuspecting investors into his fraudulent investment scheme. Authorities and investors allege that Starnes deposited investor funds into his personal bank account, which he subsequently spent, and provided his customers with fraudulent account statements indicating their money was safely invested. Investors can learn more about Ponzi schemes here: (

Starnes may have stolen his customers’ funds, but investors are not without legal recourse. Investment firms have a duty to reasonably supervise the investment-related activities of the professionals they employ to ensure their representatives comply with state and federal law. When they fail in that duty, they may be liable to individual investors for damages. If you believe you lost money in a Ponzi scheme or other fraudulent investment scheme, call ChapmanAlbin for a free consultation.

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