February 25, 2015
Georgia brokers William A. Goldstein and Marc E. Bercoon are currently facing charges of conspiracy, mail fraud, wire fraud, securities fraud, and money laundering. According to the U.S. Attorney’s Office, the two brokers conspired to influence the stock price of Medcareers Group, Inc. from July 2009 to September 2011.
In 2010, Goldstein and Bercoon allegedly conducted two “pump-and-dump” schemes by falsely raising Medcareers Group, Inc.’s stock price by providing phony press releases and filings of the Securities and Exchange Commission (SEC). Simultaneously, they sold off their shares and hid the profits in different nominee accounts.
In a separate scheme, both brokers allegedly created a private corporation and recruited investors by stating that the funds would go toward a new online search engine. They used the $1.5 million in investors’ funds to subsidize their other business endeavors and personal expenses. Then, Goldstein and Bercoon claimed that every investor is eligible to own a piece of the company at $1 a share, with a maximum of 12.5% of investor funds being put to commissions. However, many of the investors allegedly received discounts on stock purchases without the knowledge of other investors. Nonetheless, this did not stop some brokers from receiving commissions of 35%.
Talk to an Experienced Attorney Today
Call and speak to one of our attorneys* for a no-cost consultation to discuss your situation, answer your questions, and help you determine the next steps. This call usually takes about 15 minutes, but we are happy to talk to you as long as you would like!
Quick Review of Your Paperwork
If we think you might have a case, we will need to review a few basic documents. If we determine you have a case, then you will have the option to hire us as your attorneys to pursue it.
Signed Attorney/Client Agreement
If you decide to hire us to pursue your case, we will have you sign an attorney-client agreement so we can begin the process of trying to recover your losses.*
*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.