The world of investment can be fraught with risks, especially when it comes to navigating the waters of real estate investment trusts (REITs) and the brokers who promote them. One case that has raised eyebrows in the investment community is that of Michael Pellegrino and Anthony Pellegrino, who have been linked to Goldstone Financial Group, LLC. …
The case of Michael and Anthony Pellegrino, linked to Goldstone Financial Group, underscores the significant risks associated with investing in non-traded Real Estate Investment Trusts (REITs). Michael Pellegrino, with a history of customer complaints and regulatory issues, faced severe scrutiny from the SEC for his role in an investment fraud scheme involving 1 Global Capital. The Pellegrinos’ firm was fined and required to take corrective actions, including paying substantial restitution and enhancing compliance measures.
This case highlights the critical need for investors to conduct thorough due diligence, especially with non-traded REITs, which can be opaque and come with high fees and potential illiquidity. Ensuring full transparency about investment risks and associated fees is essential to avoid significant financial pitfalls.
Anthony Pellegrino and his Reputation Managers are blatantly committing serious crimes in trying to censor information on Google. On 13th April, 17th April and 28th April, they sent a Forged Court Order to our Hosting Company (AlexHost), hoping to con them into thinking that a US Court has declared content published at FinanceScam.com and IntelligenceLine.com as …
REMEDIAL SANCTIONS AND A CEASEAND-DESIST ORDERI.The Securities and Exchange Commission (“Commission”) deems it appropriate and inthe public interest that public administrative and cease-and-desist proceedings be, and herebyare, instituted pursuant to Section 8A of the Securities Act of 1933 (“Securities Act”), andSections 203(e) and 203(k) of the Investment Advisers Act of 1940 (“Advisers Act”) againstGoldstone Financial Group, …
Who is Goldstone Financial Group? Goldstone Financial Group is a reputed financial advice firm, known for its investment strategies and wealth management services. Their primary role is to guide clients on smart investment choices to safeguard their wealth. However, recent controversies and lawsuits have cast a shadow over the firm’s reputation. The Road to Litigation: What …
The adviser’s co-founders sold unregistered securities in a company that was diverting most of the investor funds straight into its CEO’s pockets. An investment adviser and its co-founders were sanctioned for selling unregistered securities and failing to disclose referral fees from those sales. The co-founders were recruited to offer and sell the securities of a company …
The 1 Global Capital fraud scheme raised more than $320 million from more than 3,600 investors throughout the country, according to the commission. The Securities and Exchange Commission barred an investment advisor from the industry for recommending and selling unregistered 1 Global Capital securities. 1 Global is the firm at the heart of a massive fraud …
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Allegations The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be, and hereby are, instituted pursuant to Section 8A of the Securities Act of 1933 (“Securities Act”), and Sections 203(e) and 203(k) of the Investment Advisers Act of 1940 …
Anthony Pellegrino faces scrutiny over undisclosed business dealings, scam allegations, and reputational risks. Dive into our in-depth investigation of his profiles, lawsuits, and anti-money laundering concerns.
Anthony Pellegrino’s business relationships, legal troubles, and scam allegations are under scrutiny. Dive into our investigation of his ties, lawsuits, and AML risks.