Investment Fraud News

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Investment Fraud News

Legacy Cares Bond Fraud: Inside the $284 Million Arizona Conduit Bond Collapse

The Legacy Cares bond fraud stands as the largest conduit bond fraud case in United States history. Between 2020 and 2021, approximately $284 million in municipal bonds were issued through the Industrial Development Authority of Arizona to finance a sprawling sports complex in Mesa, Arizona. Investors who purchased those bonds

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Investment Fraud News

Stifel Nicolaus Municipal Bond Losses: What Investors Need to Know

In recent years, Stifel Nicolaus clients who invested in the Easterly ROCMuni High Income Municipal Bond Fund (and certain other municipal bond products) have filed investor complaints and FINRA arbitration claims alleging unsuitability and overconcentration. The firm also faces separate regulatory actions for supervisory failures in unrelated products. If you