Former Royal Alliance Broker Kimberly Kitts May Have Misappropriated $2 Million in Client Funds

Stoltmann Law Offices is investigating Kimberly Kitts, a former Royal Alliance broker who was terminated from the firm concerning allegations that she misappropriated client funds. Royal Alliance stated that it received notice from one of her clients who said that Kitts had converted or misappropriated funds. Kitts also may have engaged in outside business activities…

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For Investors: Lawsuits Against Essex Capital Corporation

On June 5th, 2018, the Securities and Exchange Commission (SEC) filed a complaint against Essex Capital Corporation and Ralph T. Iannelli. From 2014 until 2017, Essex, and Iannelli, the company’s president and founder, allegedly perpetrated an $80 million, ponzi-type securities fraud scheme. According to the complaint, “Iannelli attracted investments through the sale of promissory notes…

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