Articles Tagged with media

Malecki Law attorney Jenice Malecki was on the set of business news network CNBC’s documentary true crime series American Greed yesterday to speak about affinity fraud for an upcoming episode. American Greed provides in depth-reporting exposing Ponzi Schemes, mortgage fraud, art heists, identity theft, and other shocking things people have done for money. For twelve seasons, American Greed has examined the most extensive corporate and white-collar crimes in American history. The documentary series currently airs new episodes on the CNBC network on Monday nights at 10 PM EST.

In the interview, Jenice Malecki leveraged her knowledge as an experienced securities attorney to answer questions about affinity fraud. Affinity fraud is a type of investment scam that targets members of the same identifiable groups based on religion, ethnicity, age and other commonalities.  Typically, an affinity fraud perpetrator will be or at least pose as a member of the group to exploit trust and relationships. Otherwise, the fraudster might elicit the help of a group member to orchestrate the scam, which is frequently a Ponzi or pyramid scheme.

In this segment, Jenice Malecki describes affinity fraud along with the telltale signs that should induce concern. Notably, Jenice Malecki emphasizes the importance for investors to do their due diligence in gathering information before investing. With this in mind, the seller should be able to provide information regarding the investment’s purpose, objective data, and history. Furthermore, Jenice Malecki offers helpful tips for anyone suspecting affinity fraud to respond appropriately to the situation.

Jenice Malecki taped a session on elder financial fraud for Case In Point with Bob Singer , Bob Singer’s weekly segment in Wealth Management. He is a veteran Wall Street lawyer, a weekly contributor to Wealth Management, and known for his own blog BrokeandBroker. Jenice Malecki was a guest on his show this week, where she shared her insights on matters related to diminished capacity, the elderly, and Securities Law. Over the years, Ms. Malecki has been televised widely on Securities industry related topics. Stay tuned for this video on our blog.

Earlier this week, Adam Nicolazzo and Robert Van de Veire visited the Hudson Guild Senior Center to educate their members about Elder Financial Exploitation.

This Week at Malecki Law
It was an eventful week at Malecki Law with prominent stories in the press, speaking engagements at legal educational organizations, appointments to bar association committees, and introduction to securities fraud in different communities.

Malecki Law announced the filing of a $25 million FINRA claim against UBS Puerto Rico on behalf of seven former UBS brokers, following a mass departure of brokers from UBS Puerto Rico. In the Statement of Claim filed with FINRA, the registered former UBS representatives allege that UBS management misled its brokers and customers, and threatened and pressured the brokers to sell the the Puerto Rican closed-end fund products. This news generated a lot of interest amongst the financial media and has appeared in over 30 prominent financial websites and blogs including Market Watch, The Street, and Caribbean Business News. Subsequently, this news announcement has generated a great deal of interest in the legal and financial professionals’ community.

Securities Fraud is not a problem isolated only to large cities like New York City.   Hard working people in towns and cities nationwide find themselves the victims of investment fraud every day from rural Texas to downtown Chicago.  Therefore, Malecki Law introduced a Communities section on their www.aboutsecuritieslaw.com website to make individuals around the country aware of historic and actively suspicious financial schemes.