churning

PP Blog Tag archives on references to "churning."

‘Churning’ Scammer Fleeced 9/11 Widow, Disabled Daughter; Victim’s Husband Was Naval Officer Killed In Pentagon Attack, Authorities Say

'Churning' Scammer Fleeced 9/11 Widow, Disabled Daughter; Victim's Husband Was Naval Officer Killed In Pentagon Attack, Authorities Say

A Massachusetts man entrusted with $3.7 million from a widow whose husband was a Naval officer killed in the 9/11 terrorist attack on the Pentagon has been charged by state and federal authorities in a “churning” case. James J. Konaxis, 52, of Beverly, pocketed more than half a million dollars in commissions by making a […]

SEC: Broker Ripped Off Elderly Nuns In New York; Paul George Chironis Targeted Sisters Of Charity In Churning Scam, Agency Says

SEC: Broker Ripped Off Elderly Nuns In New York; Paul George Chironis Targeted Sisters Of Charity In Churning Scam, Agency Says

A Long Island, N.Y.-based broker ripped off  “a congregation of mostly elderly nuns in the Bronx” in a churning scheme in which he repeatedly executed trades that eroded the value of two accounts held by the Sisters of Charity to line his own pockets, the SEC said. Paul George Chironis, 58, of Melville, N.Y.,  has […]