SEC
Whistleblower
Advocates

June 24, 2016

Malcolm Segal

Offering Fraud

SANCTION AMOUNT: $3,277,307

Defendants: Malcolm Segal

Ponzi scheme: former stockbroker fraudulently sold certificates of deposit to customers upon false claims that he could provide higher rates than available to the general public. CDs were redeemed early in secret or not purchased at all, and investor money was used on personal expenses and Ponzi payments. Direct theft from customer accounts toward the end of the scheme.

Thank you for submitting some email to us.