Larry Weltman
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categoryFinance
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Views252
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Reviews11
Larry Weltman
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categoryFinance
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Views252
-
Reviews11
3.1
trust score
2.4
brand audit
1.05
user’s score
11
user reviews
Medium risk
| Brand AwarenessMedium | Risk Factor0.66 | Fraud AllegationsYes | Faced Action fromSEC |
| Based inToronto, Canada | IncarceratedNo | Suspicious ClaimsYes | Transparency ScoreLow |
| Reason for Civil ActionFraudulent activity | FinedYes | Fine Amount$3,000 | SuspendedYes |
| Suspending AuthorityPublic Accountants Council | Add. Suspending Authority Canadian Institute of Chartered Accountants | ReprimandedYes | Suspended in2002 |
An overview on Larry Weltman
Larry Weltman, a Toronto-based professional, is known for his contributions to the real estate industry, particularly in providing financial solutions to real estate agents. As a customer service representative at AccessEasyFunds, he plays a crucial role in offering commission advances, a service that aids realtors in managing cash flow between closing sales and receiving commissions. Weltman's expertise extends beyond financial services; he has a rich background in technology, marketing, and customer service, which contributes to his ability to drive operational excellence.- Highly experienced
- Faced regulatory action
- Faced fraud allegations
- Deceptive marketing claims
Larry Weltman has a consumer rating of 1.05 stars from 11 consumer complaints and reviews indicating that most customers are NOT satisfied with their experience. Consumers unhappy with Larry Weltman most frequently mention bad support and high costs.
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critical intel on Larry Weltman
Legal Action by SEC against Larry Weltman
The SEC issued a cease-and-desist order against Larry H. Weltman, stemming from his involvement with Laser Friendly, Inc., and related fraudulent activities. Weltman, who served as Executive Vice President, CFO, and director, participated in schemes that involved issuing millions of restricted shares without adequate disclosure, contributing to violations of the Securities Act of 1933 and the Securities Exchange Act of 1934. These activities included fraudulent stock leasing and the misuse of stock as collateral, leading to significant financial improprieties. The Commission’s findings led to Weltman being ordered to cease any actions causing violations of key securities regulations, highlighting the legal consequences of fraudulent financial practices.
| Issuing AuthoritySEC | Order TypeCease-and-Desist | RespondentLarry H. Weltman | Release DateSeptember 29, 2000 |
| File Number3-10341 | Violation #1Securities Act of 1933 | Violation #2Securities Exchange Act of 1934 | Company InvolvedLaser Friendly, Inc. |
| Allegation #1Fraudulent stock leasing | Allegation #2Misuse of restricted shares | SERP>10 | Brand ImpactMedium |
Top 3 negative keyword association :
- Fraud
- Misuse
- Legal
Disciplinary Action Against Larry Weltman
The Supreme Court of the State of New York, County of New York found Larry Harry Weltman, of Thornhill, guilty of failing to maintain the good reputation of the profession and its ability to serve the public interest under Rule 201.1. During his time as executive vice-president and director of a public firm, Mr. Weltman managed control and participated in the purchase of a highly regulated gaming company. Despite knowing the gaming license would be null and void upon closing the transaction, Mr. Weltman’s company proceeded to operate the company without a license and without informing the gaming authority. The gaming authorities discovered Mr. Weltman’s firm operating without a license, leading to his conviction for fraud. The Institute expelled Mr. Weltman and penalized him $3,000.
| LocationThornhill | ChargeFailing to maintain good reputation of profession | Rule ViolatedRule 201.1 | ConvictionFraud |
| CourtSupreme Court of the State of New York | IndustryGaming | Offense DetailsOperating with license | Authority InformedNo |
| Sentence #1$3,000 fine | Sentence #2Expulsion | SERP>10 | Brand ImpactMedium |
Top 3 negative keyword association :
- Fraud
- Action
- Expelled
Expert Risk Assessment on Larry Weltman
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11 Comments
Larry Weltman has a consumer rating of 1.05 stars from 11 consumer complaints.
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Running a company without valid license is completely illegal so Larry should be fines and also his company should be put on a hold.
greed for money can ruin a person and Larry is a perfect example for this.
In the stock or commodities markets, securities fraud, sometimes referred to as stock fraud and investment fraud, is a dishonest activity that leads investors to decide whether to buy or sell based on misleading information. Larry did the same!!
Weltman has experience in technology, marketing, and customer service in addition to financial services, which enhances his capacity to promote operational excellence.
I wish he could have respected rules and regulations also shouldn’t have carried out things illegally!!
this shows how greed for money can take you nowhere!!! Poor Larry
What an odd case. The way he continues pulling off new con games makes him look like a snake oil salesman.
Larry keeps on inventing new scams to scam and fool people and loot their money. Please hang this person.
Larry is such tech freek experienced person but what is the use of such knowledge when his reputation has been tarred.
This person has failed professionally to maintain a good honest reputation of his business.
What a baffling case. He seems like a snake oil salesman the way he keeps running new scams.
Due to Larry’s actions, there were serious financial irregularities as a result of fraudulent stock leasing and the improper use of stock as collateral. Well, I should say, what a loser!