Broker Checker

Anonymous Proxy

#185 Apr 8, 2011
Broker Checker wrote:
DAVID J. MURA
CRD# 2238675
Currently employed by and registered with the following FINRA Firms:
J.P. TURNER & COMPANY, L.L.C.
17 SCHOEN PLACE
PITTSFORD, NY 14534
CRD# 43177
SOURCE: http://brokercheck.finra.org
J.P. Turner is legally and fiscally responsible for actions of their agents. The FINRA listed address indicates that Mr. David Mura may be posting on this board under the name "Revenge Against Evil."
L Lynch

Rochester, NY

#186 Sep 13, 2011
Jack wrote:
Mark Palazzo is a good man. "your parents" gave him the money, which was a bad choice in the first place. You have no right to condemn him to a miserable life.
<quoted text>
Odd out of one face you state he is a good man, yet the other face states giving him money to invest was a bad choice...Was he NOT in business to invest people's money? No wonder people disagree and think you're nuts.
D Lynch

Rochester, NY

#187 Sep 13, 2011
They’re Not Afraid of the Cops, Much Less Your Civil Suit
On May 27, 2010, in New York, New York, Ponzi schemes, Promissory Notes, SEC, Scams, Securities Industry (general), by IW Dog
We tend to believe that everyone feels constrained by the law and we tend to assess the risks to our nest egg in light of that belief. But the belief is wrong. Thousands upon thousands of scam artists give no regard to the possibility of prison.
.WHAM, Channel 13, in Rochester, New York, is reporting that a federal judge has found Edward Tackaberry in contempt of court for failing to comply with an order requiring him to make payments to the victims of an investment scam he ran years ago. The SEC raised Tackaberry’s non-payment of disgorgement and is reportedly investigating allegations that he is involved in yet another investment scheme.
In July 2006, the SEC obtained an $11 million judgment against Tackaberry and his cohort Mark Palazzo for defrauding 275 people, some of them senior citizens, out of $15 million. The entity through which Tackaberry and Palazzo committed the fraud was called Pittsford Capital Income Partners, L.L.C. According to WHAM, since the entry of that judgment Tackaberry has been earning a very nice living doing consulting work. Despite his income, he claimed that he could not afford to make payments on the $11 million judgment. He ultimately settled the matter by agreeing that $863 of his wages will be garnished for the rest of his life. If he lives for another 50 years, he will pay $517,800 of that $11 million.

Notice a couple of things about this case. First, it has been nearly four years since a federal court found that Tackaberry committed fraud that cost 275 people their life savings, and he is still a free man. Not every financial crook faces a prison term. Workloads and lack of expertise at the local U.S. Attorney’s office sometimes combine to destroy any chance of a criminal prosecution. That is among the reasons that scam artists are not deterred by the idea of going to prison. They know that, even if they are caught, the chances are small that they will ever see the inside of a cell. Even if they do go to prison, though, they will use the time ‘wisely,’ thinking up the scam that they will launch as soon as they are released.

We tend to believe that everyone feels constrained by the law and we tend to assess the risks to our nest egg in light of that belief. But the belief is wrong. Thousands upon thousands of scam artists give no regard to the possibility of prison. They operate brazenly. Still less do they worry about the possibility of a civil suit or an SEC enforcement action. Like Tackaberry, even if a court holds them liable they will not pay the judgment until forced to do so by the threat of a night in jail. Even then, what they have to pay will be a small portion of what they can earn in the next scam.

Finally, notice that Tackaberry’s scam involved promissory notes. They are the vehicle of choice for scam artists in times like these. Beware any investment that involves a promissory note. Always remember that return of investment is more important than return on investment and that those who think they are “too smart to fall for a scam,” always fall for it and lose their life savings. Smart investors understand their vulnerability and take sensible precautions.

Tagged with: Bernie Madoff • broker • Broker Snapshot • Constant Patrol • due diligence • Ed Tackaberry • Edward Tackaberry • financial adviser • financial advisor • fraud • hedge fund • Huddleston • investment adviser • investment advisor • Investors Watchdog • Investor’s Watchdog • limited partnership • Madoff • Mark Palazzo • misappropriation • Pittsford Capital • Pittsford Capital Income Partners • Private Equity • QualifEye • RIA • scam • scheme • SEC • Securities and Exchange Commission • theft • Winnow

If you enjoyed this article, please consider sharing it!

“Lovin' you is fuuu-uuun...”

Since: Apr 09

drop the puck, Ref...

#188 Sep 13, 2011
in other words, murder is the best equalizer for these people?
D Lynch

Rochester, NY

#189 Sep 14, 2011
No one mentioned murder at all. I believe the article was indicating that the scumbag Tackaberry is NOT paying what he was ordered to and is apparently being investigated on yet ANOTHER scam...going to be difficult to keep claiming you're innocent when you keep getting caught. Maybe Ted should go and get a legit job for a change.
Pittsford Capital Scam

Webster, NY

#190 Oct 6, 2011
There is left over money there.. In possession of the State Controllers office
PITTSFORD CAPITAL GROUP ATTN MARK J PALAZZO 170 OFFICE PKWY PITTSFORD NY 14534 CONTINENTAL STOCK TRANSFER & TRUST CO
PITTSFORD CAPITAL MARKETS 17 TOBEY VILLAGE OFFICE PARK PITTSFORD NY 14534 AMERICAN STOCK EXCHANGE LLC
PITTSFORD CAPITAL MARKETS INC 17 TOBEY VILLAGE PITTSFORD NY 14534 CONTINENTAL CASUALTY CO
PITTSFORD CAPITAL MARKETS INC 25 E MAIN ST ROCHESTER NY 14614 SECURITY DISTRIBUTORS INC
https://ouf.osc.state.ny.us/ouf/...
Link to SEC's Litigation release is: http://www.sec.gov/litigation/litreleases/200...
Link to Attorney Lucien Morin's Receiver's report: http://www.mccmlaw.com/documents/PCGreceiverr...
Further information can be found on the web page of the law firm that Mr Morin is employed at. www.mccmlaw.com
Nelson

United States

#191 Sep 24, 2012
Breaking News! David Mura & Tackaberry
http://www.13wham.com/news/local/story/Local-...
http://sec.gov/litigation/admin/2012/34-67920...
David Mura's name surfaced on this board a few years ago. Why has the SEC taken so long to pounce? Does anyone have more detailed information regarding Tackaberry's involvement?
__________
9-24-2012
Reported by Rachel Barnhart @ WHAM13
Rochester, N.Y.– The Securities and Exchange Commission has filed a cease and desist order against David Mura. The local broker is accused of violating securities laws and employing a man implicated in a financial scandal that wiped out many area retirees.
The alleged activity took place while Mura worked for J.P. Turner’s Rochester office. The SEC says Mura sold promissory notes for startup companies that offered an 8 percent annual return. He was not authorized by J.P Turner to offer the investments and the activity was not registered with the SEC.
The SEC alleges Mura paid himself more than $50,000 of his clients’ money that was supposed to be invested in the companies. Another allegation is that Mura ousted the founder of one of the companies through “threats of violence and death.”
The investments are extremely risky and at least 20 clients lost most or all of their life savings, according to attorney Jason Kane, who filed a complaint on their behalf with the independent regulatory agency FINRA. Kane says his clients lost a collective $3 million.
“That’s money they had to live on for the rest of their lives,” Kane said.“The money’s gone.”
The SEC says Mura’s alleged activity took place between 2008 and 2012.
The SEC says Mura employed Ted Tackaberry, one of the principals of the failed Pittsford Capital venture. Tackaberry and his partner are accused of bilking 275 investors, mostly retirees, of more than $11 million. Investors have only been paid back 5 to 6 cents on the dollar. The SEC says Tackaberry was illegally soliciting investors for Mura, as he was not registered as a broker and was not allowed to do engage in such activity after the Pittsford Capital scandal unfolded in 2006.
In 2010, a federal judge found Tackaberry in contempt of a court order to pay restitution. In addition, the judge found reason to believe Tackaberry was involved in a new promissory note scheme.
Tom Antinoro, who invested $90,000 with Tackaberry and got back only $3,000, was incensed to learn Tackaberry was still soliciting investors.
“I think that’s just another slap in somebody’s face,” Antinoro said.“He just doesn’t care. He’s going to do whatever he wants to do.”
Calls to the cell phones of Tackaberry and Mura were not returned.
The SEC also filed an action against Tackaberry in federal court, asking a judge to permanently forbid him engaging in investment work.
An administrative law judge will hear Mura’s case. In addition to seeking a cease and desist order, the SEC would like the judge to consider whatever other penalties he deems appropriate, including fines.
J.P. Turner has settled with Mura’s clients. The SEC says the company fired Mura when it learned of his activities.
RacistFireCrotch BarnFart

Rochester, NY

#192 Sep 24, 2012
He's white, isn't he?
RacistFireCrotch BarnFart

Rochester, NY

#193 Sep 24, 2012
Who cares, it's no big deal, it's not like he was stealing a few old abandoned copper pipes.
Lets just fill the jails with the copper thieves.
Victim 3

Pittsford, NY

#194 Sep 27, 2012
I believe that David Mura brought Tackaberry into his business to use as a "fall-guy", and that David Mura is solely responsible for latest alleged scam. SEC documents indicate that Tackaberry is assisting the SEC on the Mura investigation and is thus aiding the investors/victims.
----------
Nelson wrote:
Breaking News! David Mura & Tackaberry
http://www.13wham.com/news/local/story/Local-...
http://sec.gov/litigation/admin/2012/34-67920...
David Mura's name surfaced on this board a few years ago. Why has the SEC taken so long to pounce? Does anyone have more detailed information regarding Tackaberry's involvement?
__________
9-24-2012
Reported by Rachel Barnhart @ WHAM13
Rochester, N.Y.– The Securities and Exchange Commission has filed a cease and desist order against David Mura. The local broker is accused of violating securities laws and employing a man implicated in a financial scandal that wiped out many area retirees.
The alleged activity took place while Mura worked for J.P. Turner’s Rochester office. The SEC says Mura sold promissory notes for startup companies that offered an 8 percent annual return. He was not authorized by J.P Turner to offer the investments and the activity was not registered with the SEC.
The SEC alleges Mura paid himself more than $50,000 of his clients’ money that was supposed to be invested in the companies. Another allegation is that Mura ousted the founder of one of the companies through “threats of violence and death.”
The investments are extremely risky and at least 20 clients lost most or all of their life savings, according to attorney Jason Kane, who filed a complaint on their behalf with the independent regulatory agency FINRA. Kane says his clients lost a collective $3 million.
“That’s money they had to live on for the rest of their lives,” Kane said.“The money’s gone.”
The SEC says Mura’s alleged activity took place between 2008 and 2012.
The SEC says Mura employed Ted Tackaberry, one of the principals of the failed Pittsford Capital venture. Tackaberry and his partner are accused of bilking 275 investors, mostly retirees, of more than $11 million. Investors have only been paid back 5 to 6 cents on the dollar. The SEC says Tackaberry was illegally soliciting investors for Mura, as he was not registered as a broker and was not allowed to do engage in such activity after the Pittsford Capital scandal unfolded in 2006.
In 2010, a federal judge found Tackaberry in contempt of a court order to pay restitution. In addition, the judge found reason to believe Tackaberry was involved in a new promissory note scheme.
Tom Antinoro, who invested $90,000 with Tackaberry and got back only $3,000, was incensed to learn Tackaberry was still soliciting investors.
“I think that’s just another slap in somebody’s face,” Antinoro said.“He just doesn’t care. He’s going to do whatever he wants to do.”
Calls to the cell phones of Tackaberry and Mura were not returned.
The SEC also filed an action against Tackaberry in federal court, asking a judge to permanently forbid him engaging in investment work.
An administrative law judge will hear Mura’s case. In addition to seeking a cease and desist order, the SEC would like the judge to consider whatever other penalties he deems appropriate, including fines.
J.P. Turner has settled with Mura’s clients. The SEC says the company fired Mura when it learned of his activities.
Bud_Taylor

Rochester, NY

#195 Sep 28, 2012
Nelson wrote:
Breaking News! David Mura & Tackaberry
http://www.13wham.com/news/local/story/Local-...
http://sec.gov/litigation/admin/2012/34-67920...
David Mura's name surfaced on this board a few years ago. Why has the SEC taken so long to pounce? Does anyone have more detailed information regarding Tackaberry's involvement?
__________
9-24-2012
Reported by Rachel Barnhart @ WHAM13
Rochester, N.Y.– The Securities and Exchange Commission has filed a cease and desist order against David Mura. The local broker is accused of violating securities laws and employing a man implicated in a financial scandal that wiped out many area retirees.
The alleged activity took place while Mura worked for J.P. Turner’s Rochester office. The SEC says Mura sold promissory notes for startup companies that offered an 8 percent annual return. He was not authorized by J.P Turner to offer the investments and the activity was not registered with the SEC.
The SEC alleges Mura paid himself more than $50,000 of his clients’ money that was supposed to be invested in the companies. Another allegation is that Mura ousted the founder of one of the companies through “threats of violence and death.”
The investments are extremely risky and at least 20 clients lost most or all of their life savings, according to attorney Jason Kane, who filed a complaint on their behalf with the independent regulatory agency FINRA. Kane says his clients lost a collective $3 million.
“That’s money they had to live on for the rest of their lives,” Kane said.“The money’s gone.”
The SEC says Mura’s alleged activity took place between 2008 and 2012.
The SEC says Mura employed Ted Tackaberry, one of the principals of the failed Pittsford Capital venture. Tackaberry and his partner are accused of bilking 275 investors, mostly retirees, of more than $11 million. Investors have only been paid back 5 to 6 cents on the dollar. The SEC says Tackaberry was illegally soliciting investors for Mura, as he was not registered as a broker and was not allowed to do engage in such activity after the Pittsford Capital scandal unfolded in 2006.
In 2010, a federal judge found Tackaberry in contempt of a court order to pay restitution. In addition, the judge found reason to believe Tackaberry was involved in a new promissory note scheme.
Tom Antinoro, who invested $90,000 with Tackaberry and got back only $3,000, was incensed to learn Tackaberry was still soliciting investors.
“I think that’s just another slap in somebody’s face,” Antinoro said.“He just doesn’t care. He’s going to do whatever he wants to do.”
Calls to the cell phones of Tackaberry and Mura were not returned.
The SEC also filed an action against Tackaberry in federal court, asking a judge to permanently forbid him engaging in investment work.
An administrative law judge will hear Mura’s case. In addition to seeking a cease and desist order, the SEC would like the judge to consider whatever other penalties he deems appropriate, including fines.
J.P. Turner has settled with Mura’s clients. The SEC says the company fired Mura when it learned of his activities.
It has been some time since new posts were added to this thread. I am wondering if people contributing were also investors who were damaged. If so, you can reach me at rytaylorii@aol.com.

Following Ms. Barnhart's piece, Ed Tackberry explained that since he had not made any money from this latest allegation, he was not guilty of violating the judge's order to cease and desist, and has signed a new agreement. I don't remember the judge defining "cease and desist" as ONLY IF you make money on the activities. Who knows what money could have been put into someone's hand under that table while drinking coffee at a Starbucks.
DARREN STINNETT

Salamanca, NY

#196 Oct 12, 2012
I ALWAYS LIKED DAVE MURA.GOOD PEOPLE, IT WAS ED THAT I THOUGHT WAS ALWAYS SHADY !!! and yourself eddy !!!!!! your favorite glass guy !!! Darren
Tackaberry Obit

Avon, NY

#197 Jul 16, 2013
Tackaberry,

Edward L. "Ted"

East Rochester: Passed away unexpectedly Friday, July 5, 2013 at the age of 61. Predeceased by his parents, Robert and Mary Tackaberry. Survived by his wife of 40 years, Amy; children, Matthew (Jessica), Tracy; grandsons, Jackson & Everett; his siblings, Robert Jr., Michael (Sharon) and Jane (Ed) Shewman. Family will receive friends, Monday (7/8) from 4-8 PM at Miller Funeral and Cremation Services, Inc.(3325 Winton Road South). A Memorial Service will be held Tuesday at 1 PM in the Interfaith Chapel of the Funeral Home. In lieu of flowers, memorial donations may be directed to Lollypop Farm or to Ithaca College Football Program, In Care of Mike Welch, 953 Danby Road, Ithaca, NY 14850. For directions, to donate or leave a message of condolence please visit: www.miller1889.com
The man

Rochester, NY

#198 Jul 16, 2013
I wonder if they'll stiff the funeral home like he stiffed his clients.
an old acquaintance

United States

#199 Jul 17, 2013
U should all be ashamed of yourselves for allowing something that happened 10 years ago to clearly still run ur sad lives to this day and haunt these men for so long. Try to become kinder forgiving and better people going forward. Let Mr Tackaberry's family grieve their loss in peace. I have no doubt that there isn't one of u who hasn't made ur share of pretty horrible mistakes and deep regrets in life. GET OVER YOURSELVES!

“Lovin' you is fuuu-uuun...”

Since: Apr 09

drop the puck, Ref...

#200 Jul 17, 2013
an old acquaintance wrote:
U should all be ashamed of yourselves for allowing something that happened 10 years ago to clearly still run ur sad lives to this day and haunt these men for so long. Try to become kinder forgiving and better people going forward. Let Mr Tackaberry's family grieve their loss in peace. I have no doubt that there isn't one of u who hasn't made ur share of pretty horrible mistakes and deep regrets in life. GET OVER YOURSELVES!
who are you? the old "partner"?
doing something you're "embarrassed" about, or "regret", in your past, is WAY different than stealing people's savings and ruining them financially.
obviously, they didn't "get" you, or you'd have a little different take I do believe. 10 years or 30 years, these folks will still spit when they hear these guy's names.
an old acquaintance

United States

#201 Jul 17, 2013
I am in no way connected to those 2 men and I actually DID lose quite a bit of my life savings from them. I CHOSE to move forward with my life and to forgive so that I didn't have to carry that anger and hurt with me and have it spill over to my family and my daily life. Try and sympathise with what THEIR families are still enduring with ur hurtful public posts...one is now dead and his family should not have to keep reading this angry crap. Choose to end the hatred
...set an example for others and set urself free. Publically hating on anyone is just wrong!

Life's short...move on by HELPING others. What ur doing isn't helping u or anyone else...surprised u haven't figured that out yet.
The man

Rochester, NY

#202 Jul 17, 2013
I guess we should give the stiff crook a moment of silence.

There.

Now that's done, we can continue with digging-up the truth on this loser.

People who get conned are very angry.

I hope Tackaberry's estate is ripped apart and given to those who lost so much.

No rest in peace for you.

Since: Jul 13

United States

#203 Jul 18, 2013
So hows all that anger working out for u?? Ur day of regrets will come. wishing u some peace and happiness amidst all of ur anger.
SorryInvestors

Rochester, NY

#204 Nov 13, 2014
Tackaberry Obit wrote:
Tackaberry,
Edward L. "Ted"
East Rochester: Passed away unexpectedly Friday, July 5, 2013 at the age of 61. Predeceased by his parents, Robert and Mary Tackaberry. Survived by his wife of 40 years, Amy; children, Matthew (Jessica), Tracy; grandsons, Jackson & Everett; his siblings, Robert Jr., Michael (Sharon) and Jane (Ed) Shewman. Family will receive friends, Monday (7/8) from 4-8 PM at Miller Funeral and Cremation Services, Inc.(3325 Winton Road South). A Memorial Service will be held Tuesday at 1 PM in the Interfaith Chapel of the Funeral Home. In lieu of flowers, memorial donations may be directed to Lollypop Farm or to Ithaca College Football Program, In Care of Mike Welch, 953 Danby Road, Ithaca, NY 14850. For directions, to donate or leave a message of condolence please visit: www.miller1889.com
The prevailing skuttlebutt in the Rochester area legal community is that Tackaberry did not die of a heart attack, but took his own life. This would fit the story....the SEC was pursuing him; his wife left him; he was not able to continue the career he felt comfortable about; and all the investors who had been scammed by him and Mark Palazzo hold them both in high contempt.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Spencerport Discussions

Title Updated Last By Comments
Greece Police looking for tips into 1978 Holida... (May '11) 19 min concerned 12
Break room ratings 33 min who cares 227
Brittanee Drexel: Five years missing (Apr '14) 35 min Izzat Ibrahim al-... 11
Racist White Cop Gets to Quit Before Getting Fired 35 min Screw the thought... 5
Review: Fingerlakes Woodworks (Aug '11) 5 hr EMBARRASSED SUCKER 11
News Teen Arrested in Transit Center Scuffle 12 hr Izzat Ibrahim al-... 35
Hillary Clinton Rumors 14 hr Hillary2020 2
More from around the web

Spencerport People Search

Addresses and phone numbers for FREE

Personal Finance

Mortgages [ See current mortgage rates ]