By: Jack Waymire | October 2, 2009 | Investor Information
Ilene Grossbard, a Florida investor, filed suit against Securities America and its parent company Ameriprise Financial for selling her $112,000 of promissory notes that were issued by a company that is owned by Medical Capital Holdings, Inc.
Since December, 2003, Medical Capital Holdings raised $2.2 billion from more than 20,000 investors. The Securities Exchange Commission has filed a federal lawsuit against the company.
Grossbard’s lawsuit alleges Securities America did not conduct adequate due diligence to detect the Ponzi Scheme that was being perpetrated by
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