Stoltmann Law Offices continues to investigate Mark Speakman, a former broker with Ameriprise in Ohio. Speakman was recently sentenced to 60 months in prison for an investment fraud scheme that took more than $1.1 million from his clients. He allegedly told his clients from 2000 until 2015 to remove their funds from their Ameriprise accounts and invest them in Centrax, a phony real estate investment trust (REIT). He tool $870,000 from seven victims and allegedly used it on himself. He also allegedly told other victims to invest in gold coins so he could divert money in order to pay back previous victims. In all, he took about $1.2 million. He then filed false federal income tax returns with the IRS. He pleaded guilty to one count each of wire fraud, money laundering and filing a false federal income tax return with the IRS. He was barred from the industry permanently by the Financial Industry Regulatory Authority (FINRA).
Mr. Speakman was previously registered with IDS Life Insurance Company in Minneapolis, Minnesota from February 1996 until July 2006, and Ameriprise in Grove City, Ohio from February 1996 until November 2015. He has one customer dispute against him. He has been permanently barred from the industry. Please call 312-332-4200 today if you suffered losses with Mr. Speakman. We may be able to help you reclaim those losses on a contingency fee basis. The call is free with no obligation.
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