Of all the scammers, skeezers, cons and cads we've covered over the last few years at Daily Caveat, arguable no one has generated the continued commentary than Patrick Harrington of BLX.

For all those who swing through looking for an update one when and where Harrington will end up behind bars, say thanks to Joseph Coleman who passed along word that Pat will be sentenced on Monday September 22 at 2PM at the United States Court Eastern District of Michigan -- Courtoom 225.

Get there early to grab a good seat. If you'd like to check out the indictment against Harrington, Mr. Coleman has made it available right here.

-- MDT

Labels: BLX, Patrick Vaughn

Ferris Baker Watts director of retail sales, Patrick Vaughn headed back to work this week, after taking a voluntary (cough) leave of absence from the firm in response to SEC and internal investigations (both still in progress) of FBW trades involving Ohio's IPOF fund. IPOF Investors have claimed that...

"...former Ferris broker Stephen Glantz made improper trades with fund money, court documents show. IPOF Fund principal David Dadante is facing criminal charges in Ohio and a civil lawsuit by the SEC, court documents show.

Vaughn isn't the only FBW employee tainted by the IPOF investigation. Louis Akers, director of Ferris's private client group, remains on leave and...

"Ferris general counsel Ted Urban and director of institutional sales Horace Usry were also on leaves of absence while Ferris investigates the trading matter. Urban retired March 1, and Usry resigned in late February."

Going to be a tense reunion around the ol' water cooler, I'd imagine.

More here on the Ferris Baker Watts investigation.

-- MDT

Labels: Ferris Baker Watts, IPOF, Patrick Vaughn