According to the government, Salutric was investing in businesses and companies including car dealerships, restaurants and a movie production business, companies that he had personal ties to. He was using client money to make these personal investments. He now faces a $250,000 fine and up to 20 years in prison for this scheme.
Individuals who have been victims in these types of Ponzi schemes or any type of investment fraud should consult with an experienced investment fraud attorney (http://www.investorfraudsite.com/
When investors have been made the victim of fraudulent activity by brokers, it is important to hold those brokers and/or their firms accountable. You may have been the victim of deceptive trade practices, or invested in stocks/bonds and sustained losses that you suspect are due to unscrupulous actions on behalf of your stockbroker or financial advisor. While some losses are not due to fraud, many are. Most investors realize that investing in securities, bonds, stocks and other areas is risky, and never guaranteed; however, you do not expect to be taken advantage of by those you trust to guide you in smart and profitable investments. Only a skilled and knowledgeable investment securities fraud attorney can help determine if you have been scammed, and what legal action is available to help you recoup your losses.
Cases involving investor fraud are often very complex in nature; it is difficult if not impossible for most individuals to protect their rights without legal counsel. If you have been the victim of fraudulent activity or scams that have resulted in financial loss, consult with a capable investment securities fraud lawyer at once for advice and guidance.
# # #
Article distributed by Joel McLaughlin. These press releases are used to help inform the public of new valuable information relating to several different industries.