Blue Water Capital Management
Blue Water Capital Management

  (919) 589-2528

Specializing in retirement planning and personalized investment management.

Lawyers, Guns & Money

Lawyers, Guns, Money

Why is it important to work with a fiduciary?


This section of our site is dedicated to all the low-down, no-good, thieving rascals of the industry. It’s a shame that people were hurt by their actions, but at least we can smile (and maybe even laugh) knowing that they are getting what they deserve.


Each month brings new headlines.  If you are interested in reading more about a particular story, just highlight the headline and right click on "search Google" (or the search engine of your choice).

April 2016

30-Apr-2016

T. Rowe Price Accused Of Charging Excessive Mutual Fund Fees
A group of investors in T. Rowe Price mutual funds say the company charged roughly $388 million in excessive fees, according to a lawsuit.

Clues To Jailed Fund Manager's Millions Sought In Panama Leak
The records might provide new leads to where Chetan Kapur stashed millions of investors' money.

SEC Bars Rep For $3.2 Mil. Ponzi Scheme
The agency says Malcolm Segal sold fake CDs.

Utah Investment Advisor To Pay $11 Million
Roger Bliss ran a day-trading scheme that lost investors' money.

CFP Board Revokes Credentials From Two Advisors
Two CFP holders had their certifications revoked as the CFP Board announced recent disciplinary actions.

Elm Tree Investment Executives Charged in $17M Fraud
Elm Tree Investment Advisors LLC founder Fred Elem and the firm’s chief operating officer were charged in Manhattan with running a $17 million fraud scheme.

Ex-Advisor Gets 99 Months In Jail For Fraud
A former investment advisor was sentenced to 99 months in prison for a long-running scam he used to defraud elderly and unsophisticated clients.

Analyst Charged With Insider Trading
An analyst used his mother's brokerage account to make insider trades worth $1.5 million, the SEC says.

FL Advisor Gets Eight Years For Defrauding Elderly
The investment advisor also was ordered to pay $2 million in restitution to the clients he defrauded.

Investment Advisor Received $1.3 Million For Nonexistent Hedge Fund, SEC Says
Civil charges are pending against the advisor and her partner for using investors' money for themselves.

Goldman Sachs To Pay $5B To Settle Mortgage Bond Case
The company settled claims that it misled mortgage bond investors during the financial crisis.

Boiler Room Scheme Leads To Six Years In Prison
The sentencing judge called the fraudulent scheme, which victimized senior citizens, cold-hearted.

Tennessee Advisor Admits Using Client Funds For Herself
Jacqueline Stanfill has been ordered to return $8 million in client funds.

Free Dinners Led To Fraud, SEC Says
Four men who solicited seniors through free dinners lied to the participants, SEC complaint says.

Utah Man Dupes Investors With 'Top Secret' Iraqi Investments
The SEC says the scheme promised 3,000 percent returns.

March 2016

31-Mar-2016

Former TV Financial Analyst Agrees To Be Barred From The Industry
Tobin Smith failed to tell investors he was being paid to promote stock, SEC says. Fox had fired him in 2013.

N.Y. Financial Services Firm Partner Arrested For Securities Fraud
He was arrested on charges that he engaged in a $95 million scheme to defraud investors.

Advisor Gets Three-Year Prison Term For Cheating Ex- Bulls Star Scottie Pippen
A Chicago investment advisor defrauded a bank and Scottie Pippen, a U.S. attorney says.

Hedge Fund Priest’s Trades Said To Be Probed By Wall Street Cop
A priest who sidelines as a hedge-fund manager is being investigated for possible stock manipulation.

Fund Manager Pleads Guilty To $15 Million Fraud
The same fund manager was also charged civilly by the SEC for making fictitious loans.

AIG Affiliates Fined $9.5 Million For Overcharging Mutual Fund Investors
Three AIG affiliates settled with the SEC after allegedly overcharging mutual fund investors $2 million.

SEC Fines 3 AIG Advisor Group BDs $9.5M on Excess Fund Fees
SagePoint, Royal Alliance and FSC Securities steered mutual fund clients into more expensive share classes and collected $2 million in fees, the SEC says. 

Ex-Raymond James Broker Indicted for Fraud
A former Raymond James broker in South Carolina has been indicted for federal wire fraud involving a $2.8 million Ponzi scheme, Greenville Online reports.

Finra Bars Broker Over Debenture Sales to Seniors
Advisor allegedly sold the risky debt instrument in retirement accounts.

Conflict of Interest Concerns Emerge over Morgan Stanley Pilot
Advisors were encouraged to cross-sell risky loans to big clients.

Florida Fund Manager Faked 5-Star Rating, Hid Criminal Background
Florida advisor also took $1 million from funds he managed, SEC says.

Former Advisor To Alabama Football Star Pleads Guilty To Fraud
Ex-NFL player Kenneth Darby sued Keith Michael Rogers for taking his money.

Ex-JPMorgan Broker Gets 5 Years In Prison, Embezzled $20M For Gambling
Michael Oppenheim duped his clients into withdrawing millions for bogus municipal bond investments.

Wells Fargo Sued By SEC Over Pitcher Curt Schilling's Bond Issue
The bank allegedly misled investors about how much money a company, led by Curt Schilling, needed to develop a video game.

Still want more scams? Check out www.ponzitracker.com and www.sec.gov/litigation/litreleases.shtml