National investment fraud lawyers KlaymanToskes is investigating Henley & Company LLC after a 15-year Ponzi-like scheme was discovered following the death of broker Philip Incorvia (CRD# 708138). The scheme caused millions of dollars in losses to customers of Henley’s Sherham, NY branch. The scheme should have been detected, but was not due to Michael John Laderer’s failure to supervise. Laderer (CRD# 1436877) is a currently registered broker with Henley & Company LLC and serves as the company’s managing director in Uniondale, NY. He has received three customer complaints alleging over $4 million in collective damages.
If you suffered investment losses due to the mismanagement of your accounts by Philip Incorvia and/or Henley & Company LLC, you have recovery options. Contact attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free consultation.
Former Henley & Co. broker Philip Incorvia (CRD# 708138) is alleged to have run a Ponzi-like scheme through Henley’s Shoreham, NY branch for over 15 years. According to public records, the deceased broker allegedly recommended that his clients invest in fabricated funds he controlled, including Vanderbilt Realty Investors and Jefferson Resources Inc. Investors allegedly received monthly distributions from their investments and were instructed to reinvest these returns by Incorvia. The scheme was discovered after Incorvia’s death in August 2021.
According to FINRA (Financial Industry Regulatory Authority) rules and regulations, brokerage firms are responsible for supervising all of their registered representatives, meaning that Henley & Company LLC may be held liable for investment losses suffered by clients of Philip Incorvia and Michael John Laderer. KlaymanToskes can help you determine if your investment loss is due to misconduct by a broker or brokerage firm. Contact us today for a free, confidential consultation.
According to his FINRA Brokercheck Report, three customer complaints have been filed against Laderer throughout his time at Henley & Company. Two of these complaints have resulted in settlements in favor of the investors for a total of $1,456,000 in recovered funds. The final complaint is pending arbitration.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com