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Medical Capital Criminal Investigation
Posted by: Jeffrey B. Kaplan
March 31, 2010

Federal prosecutors have opened a criminal investigation into the top executives of Medical Capital Holdings, CEO Sidney M. Field and President Joseph J. "Joey" Lampariello. The former Medical Capital executives requested that the court lift an asset freeze so that the men could use Medical Capital assets to pay their legal bills. The court denied the request.

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Medical Capital Investors Unwittingly Invested in Pornography
Posted by: Jeffrey B. Kaplan
March 26, 2010

Medical Capital investors who bought notes from brokerage firms such as Securities America believed they were purchasing interests in medical receivables. Unfortunately, Medical Capital appears to have been a fraudulent Ponzi scheme and many of the alleged medical receivables either were wildly over-valued or did not exist at all. This sordid tale does not end there, however. It appears that Medical Capital used investors' money to purchase a 50 percent stake in Emark Advertising, Inc., which specializes in pornographic website advertising.

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Medical Capital Investors' Best Hopes for Recovery of Investment Losses Appear to be Arbitration Claims Against Brokerage Firms that Sold the Investments
Posted by: Jeffrey B. Kaplan
March 09, 2010

The court-appointed SEC receiver for the Medical Capital investment fraud filed his seventh status report on February 10, 2010. Unfortunately for Medical Capital investors, the evidence that support claims that Medical Capital was a Ponzi scheme continues to mount.

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