Cincinnati businessman David Parlin was supposed to be invested in Treasury STRIPS. Instead he was stripped of $4 million — and most of his dignity — by Philadelphia Pastor Tyron L. Gilliams, Jr. The Pastor is also a hip-hop music promoter and a self-produced reality TV personality. On the side, he pretends he’s running a global commodities trading firm. With Gilliams now convicted on a federal indictment, and facing an SEC complaint and a civil action by investors, now is a good time to take a closer look at what we in the investment world call “Red Flags.”
STRIPS Investor Stripped of His Investment, Dignity.
Filed Under: Commodities, Criminal, Hip-hop, Investment scam, Lighter Note, Red Flags, SEC, Securities and Exchange Commission, Securities Fraud Tagged With: Bad Boy Sportz, Basic International Development Corporation, David Parlin, Hip-hop, investment, investment scam, Joy to the World Fest, Joyfest, Matthew Goldstein, Morfopoulous, Parlin Funds LLC, Sean (Puffy) Combs, Separate Trading of Registered Interest and Principal of Securities, STRIPS, The Parlin Family Foundation, TL Gilliams LLC, TLG TV, Tyrone Gilliams, Tyrone L. Gilliams Jr., U.S. Treasury STRIPS, Vassilis Morfopoulos
Proposed Finra Rule May Offend Your Mother.