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Appellate Court Upholds Lydia Cladek Fraud Conviction/Sentencing

Appellate Court Upholds Lydia Cladek Fraud Conviction/Sentencing 150 150 Rex Securities Law

St. Augustine, FL

In 2012 Lydia Cladek, a then 68 year old businesswoman from St. Augustine, Florida. was sentenced to 30 years on convictions of wire fraud, mail fraud and conspiracy, in connection with a t $50 million ponzi scheme which was touted an opportunity to buy subprime automobile finance contracts from dealers at discounted prices.

Many of Cladek’s victims were older female investors who she cultivated from her church and other social organizations, were attracted by the favorable returns promised by Cladek. 

 On September 24, 2014, the US Court of Appeals for  the Eleventh Circuit affirmed Cladek’s conviction and sentencing. 

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.  Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

Rex Securities Law

561 391 1900

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