Torian Mitchell

Attorneys at ChapmanAlbin are investigating Torian “Terry” Mitchell, former registered representative at Prudential, over allegations that Mitchell defrauded investors through a Ponzi scheme that he operated in New York and California. Investors can read more about the customer allegations against Mitchell on his BrokerCheck report.

Mitchell allegedly used his association with Prudential and his former employer, AXA Advisors, to lure unsuspecting investors into his fraudulent investment schemes. Several of his schemes may have been operated through one Mitchell’s many outside businesses, including FBW Advisory and MB Empower. Investors allege that Mitchell deposited investor funds into his personal bank account and provided his customers with fraudulent account statements indicating their money was safely invested. Investors can learn more about Ponzi schemes here.

Mitchell 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.