Tag Archives: Edward Durante

Larry Werbel’s Co-Conspirator Edward Durante Extradited From Germany

The FBI announced the arrest and extradition of repeat securities fraud offender Edward Durante, also known as: 

  • Ted Wise
  • Efran Eisenberg
  • Yulia
  • Ed Simmons

Durante was arrested in Germany and returned to the United States where he was charged with securities fraud, wire fraud, money laundering and other charges in an indictment in early January 2016. 

Also named in the indictment related to fraud in the selling shares of VGTel, Inc. (VGTL) was Larry Werbel, a broker who recently worked for :

  • Concorde Investment Services
  • Summit Brokerage Services
  • LPL Financial

See this for more on Larry Werbel and how investors who suffered losses in accounts handled by Larry Werbel may be able to recover damages through FINRA arbitration.

larry werbel

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Larry Werbel Indicted for $15M VGTL Securities Fraud

1/8/2016- Cleveland, Ohio

larry werbel

Larry Werbel, 67,  of Evolution Partners Wealth Management in Chagrin Falls was indicted on charges that he participated in a scheme which defrauded about 100 investors out of over $15 million, according to an indictment filed in US District Court for the Southern District of New York. United States of America v. Edward Durante, et al.

Also named in the indictment were Edward Durante (also known as Ted Wise, Efran Eisenberg, Yulia Svitchkara, Anthony Walsh and Ed Simmons) Christopher Cervino (also known as Smitty ) and Sheik F. Khan (also known as Abida Khan).

US Prosecutors allege that of the more than $15 million invested, over $9 million went into the pockets of the fraudsters who recruited investors to purchase shares in a shell company call VgTel Inc., with the promise of high dividends.

According to FINRA records, Werbel was previously registered with the following broker dealers:

  • Concorde Investment Services  5/2015-1/2016
  • Summit Brokerage Services         6/2014- 11/2014 and 3/2011-4/2014
  • LPL Financial                                            2/2009-2/2011

If you suffered damages in an account handled by Larry Werbel, contact us to find out how you may be entitled to recover damages from Werbel’s former employer.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are 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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870