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When Beverley Schottenstein was 93-years-old, she decided to teach her grandsons a lesson about elder fraud. She won $19 million in her arbitration case against J.P. Morgan, the biggest bank...
The grandsons lost a bid to force Beverley Schottenstein to negotiate a FINRA award in her favor.
But while David Schottenstein admitted to conspiracy to commit securities fraud with Thursday’ s guilty plea in Boston federal court, attorneys for two others facing the same charge as well as aiding and abetting securities fraud say they’ re fighting. On the civil side, the Securities and Exchange Commission filed a complaint against Schottenstein,...
Ninety-five-year-old grandmother spars with two of her grandson over FINRA award payout, refuses to sign gag order.
by Tyler Durden Sunday, Apr 18, 2021 - 10:50 AM A former JP Morgan financial adviser has been barred from the industry after being accused of trading this grandmother's assets without her knowledge. According to the Financial Industry Regulatory Authority’s website, Evan Schottenstein, without admitting or denying the findings, agreed to the bar after the regulatory agency concluded he was not cooperating with their investigation into the trading of about $80 million for his grandmother, Beverly Schottenstein. Evan "refused to provide on-the-record testimony" to the regulator, according...