Call Now For a Free Consultation:
(614) 502-6165

Former LPL Broker Charles Caleb Fackrell Charged in Ponzi Scheme

David sits at his desk looking through a notebook

In February of 2015, our securities fraud lawyers began investigating claims against former LPL Financial broker Charles Caleb Fackrell. We wrote a blog at that time discussing allegations against him claiming that he was allegedly selling sham investments to his customers.

Now, Fackrell has been charged with running a Ponzi scheme. According to court records, Fackrell has already reached a plea bargain with the prosecutors in the case.

According to federal prosecutors, Fackrell allegedly misled at least 20 individuals to invest approximately $1.4 million in various phony investments that he was touting. Prosecutors say that Fackrell used most of the money provided by investors for his own personal use.

Last year, Fackrell signed a Letter of Acceptance, Waiver & Consent with FINRA, consenting to findings that he concealed documents from FINRA during an investigation into alleged misconduct. As a result, Fackrell was permanently barred from associating with any FINRA member firm.

If you invested money with former LPL Financial broker Charles Caleb Fackrell, call our firm today. Our securities fraud attorneys can discuss your rights in a free consultation. We may be able to help you recover your losses.

WSOCTV Article

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation

Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
6140 Parkland Blvd.,
Suite 330
Mayfield Heights, OH 44124
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
Follow Us
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram