Soreide Law Group Files FINRA Arbitration Against Western International Securities
Lawsuit filed against Dawn Bennett and Bradley Mascho of Western International Securities
By: Soreide Law Group PLLC
The lawsuit alleges that while employed by Western International Securities, Dawn Bennett operated a ponzi scheme in plain sight defrauding dozens of account holders. It has been alleged that Dawn Bennett while at Western International defrauded her customers out of at least $20 million. Dawn Bennett issued promissory notes for companies she operated that claimed to pay 15% interest. Tens of millions of dollars flowed out of her customers accounts at Western International Securities and the lawsuit alleges that no supervisor intervened to prevent those transactions.
The lawsuit further alleges that Western International Securities failed to conduct an adequate audit of Bennett's outside business activities that allowed her to operate her scheme until Bennett was terminated in November of 2015. It is further alleged that despite Dawn Bennett being terminated in November 2015 by Western International Securities, Bennett continued to solicit former clients of Western International Securities for investments into her note scheme with the help of and Bradley Mascho who remained at the firm through 2017. According to his FINRA broker check Bradley Mascho has been barred from the securities industry and now criminally charged for conspiracy to commit securities fraud along with aiding and abetting.
The FINRA arbitration, case number 18-03902, filed by Soreide Law Group has not been answered yet and the anticipated final hearing will be in the summer of 2019.
The Coral Springs, Florida, customers represented by Lars Soreide of Soreide Law Group lost at least $200,000 that they are aware of and potentially more as the investigation is ongoing. If you were a former client of Dawn Bennett or Bradley Mascho at Western International Securities contact Soreide Law Group for a free consolation. We handle all cases on a contingency fee and advance all costs. We handle FINRA arbitrations Nationwide. Call Soreide Law Group, at 1-888-760-6552 or visit https://www.securitieslawyer.com for a free consolation.