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James M. Peister Pleads Guilty to $17 Million Ponzi Scheme

James M. Peister Pleads Guilty to $17 Million Ponzi Scheme

James M. Peister Pleads Guilty to $17 Million Ponzi Scheme 150 150 Rex Securities Law

November 10, 2014- Central Islip, New York

The New York Field Office of the FBI announced that James M. Peister pleaded guilty to securities fraud for operating a $17.9 million Ponzi scheme from 2000-2009 through his purported investment companies:

  • Northstar International Group
  • North American Globex Group
  • North American Globex Fund

Pester faces up to 20 years in prison and $5 million in fines.

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.

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561 391 1900

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