Report: #1271083

Complaint Review: Cold Spring Advisory Group

  • Submitted: Mon, November 30, 2015
  • Updated: Tue, February 28, 2017
  • Reported By: TruthBeTold — Dist of Columbia USA
  • Cold Spring Advisory Group

    Syossett, New York
    USA

Cold Spring Advisory Group Louis Ottimo, Michelle Ottimo, Cold Spring Harbor, EKN Financial Services Fraud, Illegal Activity, Professional Scam ,Steal Your Money, Disbarred, Criminal, Identity Theft Syossett New York

*Consumer Comment: Louis Ottimo of Cold Spring Advisory Files Chapter 7 Bankruptcy

*UPDATE Employee ..inside information: Transparency

*Consumer Comment: Cold Spring Scammed me

*General Comment: Baseless? I don't think so

*UPDATE Employee: Report's Claims Are Baseless and Personally-Motivated

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Cold Spring Advisory Group Claims to help investors get money back from stockbroker fraud or wrongdoing. They say call them and they will help you for an upfront fee and a percentage of the money they recoup.

Sounds great! Well Truthbetold, Here is who owns Cold Spring Advisory, he stole your money once, don't let him do it again.

LOUIS OTTIMO (CRD #2606438)

 

 

More Than 10 Disclosures in 8 years, PERMANTLY BARRED and thats just a start see the link:

http://brokercheck.finra.org/Individual/Summary/2606438

He has over $600,000.00 in liens and judgements BUT he has already filed bankruptcy in 2010, so he cant do it again.

WAIT, how could he file bankruptcy when he lives in THIS house ?

 

(((REDACTED)))

4661 square foot, 5.5 bathroom

Well He's in Foreclosure:

Foreclosure Information 

AUG 25 2014

Home in default

 

The owner of this property has been served a Notice of Default.

But He sure is living the high life on your money!

Here's Where he stole it FIRST at his firm EKN Financial Services:

http://brokercheck.finra.org/Firm/Summary/113525

https://www.finra.org/sites/default/files/OHO_Ottimo_2009017440201_071015.pdf

https://www.finra.org/newsroom/2012/finra-expels-ekn-financial-services-defying-sec-order-and-numerous-compliance

http://www.wsj.com/articles/SB10001424052702303643304579107442831410708

THATS RIGHT !!! THE SAME GUY, LOUIS OTTIMO who STOLE your money at EKN Financial is now trying to take your money again!

If YOU Lost money with EKN Financial contact a REAL ATTORNEY, SUE LOUIS OTTIMO who is living it up and laughing all the way to the bank. He may be barred, but you can still go after him!

BANKRUPTCY??? not in that house. His wife Michelle ( unfortunate innocent spouse) can't afford that house, so if he REALLY  had to file bankruptcy, where is the money coming from?

Can Anyone say FRAUD

Tax Evasion, Bankruptcy Fraud, Fraud at his brokerage firm EKN

What was he doing with YOUR MONEY?

Sources who wish to remain anyonymous say (((REDACTED))) lots of GIFTS for his OFFICE GIRLFRIENDS, GUCCI, FENDI, PRADA, DIOR, VERSACE, JIMMY  CHOO, HERMES,  BAGS, SHOES JEWELERY

REALLY? Hey he donated 5k to charity for his wife.... WHAT A GOOD SPORT

But that's another story... The plot Thickens

If you called COLD Spring Advisory, do yourself a favor CALL SOMEONE ELSE.

BUT IF THEY CALLED YOU ,  HERE'S SOMETHING YOU SHOULD KNOW.

ARE YOU A VICTIM OF IDENTITY THEFT? LOOK NO FURTHER:

Louis Ottimo and Cold Spring Advisory, Stole confidential information and also bought confidential information from people who STOLE it !!!

That's right ! Social Security Number , Date of Birth, Income, Bank Info and more.

Here's a current lawsuit: 

http://pdfserver.amlaw.com/cli/memorandum/oca_memorandum_653483_2014_16.pdf

How did hey get your number? How did they know. MAny barred brokers who were thrown out of the Finacial Services Industry just like Louis Ottimo are calling YOU from Cold spring advisory.

You wouldnt know because they use fake names or alias.

Many of the same people that used to work for that tan guy with the pearly whites and a smile to rob you blind may have lost or stole your money or caused you harm

In fact Louis Ottimo is hiring his EX SUPERSTARS and top producing Broker CROOKS and having them call You with fake names....to help you of course.

COLD SPRING ADVISORY , LOUIS OTTIMO AND his (((REDACTED))) that have been barred from the securities industry ar egoing to Help you pay a fee of $7500, PLUS filing fee's and THEN give up 30- 50 % of any winnings or settlements?

BREAKING NEWS!!

COLD SPRING ADVISORY AND LOUIS OTTIMO"S NEWEST SCAM IS settling in CASH with broker and telling the client there is NOTHING that can be done. They take your fee, take the Broker's money, and LOU OTTIMO Gets to enjoy that lovely pool for one more summer.

People, if you lost money and want to seek help you can contact plenty of reputable attorneys who will do right by you.

But Louis Ottimo is Cold Spring Advisory. He is the dog that bit you ONCE, Don't let this scam artist get you again.

More to Follow....

TruthBeTold

This report was posted on Ripoff Report on 11/30/2015 02:50 PM and is a permanent record located here: https://www.ripoffreport.com/reports/cold-spring-advisory-group/syossett-new-york/cold-spring-advisory-group-louis-ottimo-michelle-ottimo-cold-spring-harbor-ekn-financi-1271083. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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#1 Consumer Comment

Louis Ottimo of Cold Spring Advisory Files Chapter 7 Bankruptcy

AUTHOR: Mark Dabe - (USA)

We’ve been following an interesting case of a former stock broker. he was in the securities industry for many years, and had many sanctions, liens, withheld crucial information in filings, failed to make filings, and was ultimately barred from the industry by FINRA. Now Louis Ottimo of Cold Spring Advisory files Chapter 7 Bankruptcy.

https://investmentrecoveryblog.wordpress.com/2016/11/25/louis-ottimo-of-cold-spring-advisory-files-chapter-7-bankruptcy/

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#2 UPDATE Employee ..inside information

Transparency

AUTHOR: public domain information - (USA)

All this information that follows is public information which can be found on the wounderful world wide web.  I feel sorry for all the victims of the Ottimo related entities and relationships.  They have all in the past, and using historical track record of Louis Ottimo, and all related entities both past, present and future wil end in peril. Most likely personal relationships the same.  The information that follows is a multi part PUBLIC RECORD DISCLOSURE of all the disaster and distruction that has unfortunately taken place by the judgement and decisions of Mr. Ottimo.  

Chapter 1:

The firm EKN Financial.  This firm was purchased by Anthony Ottimo Sr. and Thomas Giugliano in 2001 through their entity, Margate Capital..  See exhibit 1 below.

EKN FINANCIAL RECORD

ANTHONY OTTIMO SR. FINRA LICENSE

THOMAS GIUGLIANO FINRA LICENSE

This was the beginning of a long journey which is currently still in progress destroying the lives of anyone whom comes in contact.  Countless tens of millions lost through the channels of limitless scams and schemes.  

MR Louis Ottimo transitions from a broker to an integral part of EKN's management/ownership once the water starts to boul on his father Anthony Sr. 

Louis Ottimo Finra Report

Here are some auxillary cases along with the countless Finra based investment related claims against the Ottimos, Giugliano, and EKN Financial. 

THE OTTIMOS FORM A JET CHARTER COMPANY CALLED JET ONE JETS. THEN AROUND 2010 PROCEED TO DEFRAUD U.S. VETERANS AND THE U.S.O.   Ottimo Sr. brazenly tells the U.S.O. after defrauding them of nearly $1 million, "you made your bed, now you must sleep in it". 

USO Vs. JET ONE JETS INITIAL SUPREME COURT CHARGES 

JET ONE JETS COURT DOCUMENT

JET ONE JET COURT SETTLEMENT PROPOSAL DOCUMENT.  THIS WAS IN TURN, WELCHED BY THE OTTIMOS.

 

Chapter 2.  This is the transition from "SIMPLE' churning and burning of EKN FINANCIAL brokerage firm clients, to other new horizons.  

QUESTIONAL RELATIONSHIP BETWEEN THE OTTIMO'S, THEIR NEW RESTAURAUNT VENTURE, AND ONE OF THE MOST BRAZEN, AND LARGEST PONZI SCHEMES IN US HISTORY.   THE PONZI SCHEME WAS A FRAUDULANT FUND AGAPE WORLD.  

AGAPE WORLD CNBC AMERICAN GREED EPISODE FOUND HERE----> AGAPE WORLD

OTTIMOS TRY TO ESCAPE DEFRAUDING THE USO, TO NO AVAIL.

FINRA AND THE SEC DECIDE THAT ENOUGH IS ENOUGH WITH EKN FINANCIAL AND THE OTTIMOS.  What is so ironic is that now the entity COLD SPRING ADVISORY advertises itself as the "investor's keeper".  IT WILL BE VERY INTERESTING TO SEE HOW THIS VENTURE TRANSPIRES GOING FORWARD.  

Now to the article that Cold Spring Advisory, and their lackey attorney Hilton Wiener quote and use as leverage to hard sell individuals into filing sometimes frivilous and also sometimes defamous arbitrations...**Note on Cold Spring Advisory's and Hilton Wiener's former website they had omitted the entire section referring to EKN and the Ottimos.  LINK

 

So that leads us to Mr. Hilton Wiener.  The prestigious, upstanding defense attorney looking to help individuals recover investment loses....Who had taken down his investment loss website recently.  LINK FORMERLY HERE. 

Hilton Wiener, Boca Raton, FL. I'm sure the city is proud.-->LINK

 

Lets face it, what investor wouldt want to pay out of pocket up front fees up to $25,000  and contingencies northwards of 35-50% to the attorney who is currently on trial for felony grand theft for taking escroe money from clients.  

FLORIDA Vs. Hilton Wiener Found here.

Insert Bookmark.....More chapters to follow.   

 

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#3 Consumer Comment

Cold Spring Scammed me

AUTHOR: Peter - (USA)

I found out this out after i already paid over 7k in legal fess and got nothin in return.   You guys have been barred by the SEC its right there on the finra.org website.  How do you guys live with that.  Picking on people, karma will get you.

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#4 General Comment

Baseless? I don't think so

AUTHOR: Brie Austin - (USA)

In reading the two posts with interest, I did some searching on my own and in fact Mr. Ottimo does have a criminal conviction; has been disbarred, has had decisions read by judges that state that he -- or his firm at the time -- completly disregarded the rules of the SEC. There are countless liens against him, firms he has closed or left, and pending litigations.  That to me in not baseless, but fact based. Whether the poster is truly a client of Cold Spring is not material to me; knowing the background of the owners of Cold Spring Advisory before hiring them is. And it doesn't look good to me. 

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#5 UPDATE Employee

Report's Claims Are Baseless and Personally-Motivated

AUTHOR: John Murphy -CSAG - (USA)

The author of the post dated November 30, 2015 relating to Cold Spring Advisory Group. He is not a client of Cold Spring Advisory Group, and a police report has been filed against him related to the harassment of Mr. Ottimo and his family.

Cold Spring Advisory recently named him and his firm in a complaint on behalf of a client who lost over $43,000 and was charged in excess of $21,000 in commissions within an 8-month period, and it is believed this is the reason for the venomous posting of the “report” on this website and the harassment of Mr. Ottimo and his family. 

This “report” is obviously void of specifics relating to any case, and is clearly an attempt to smear the reputation of Mr. Ottimo and his family, taking a “shotgun approach” with outrageous defamatory statements. Involving the spouse of Mr. Ottimo in any matter is childish and reflective of the mentality of the author, again believed to be him. Further, posting of a photo of Mrs. Ottimo, who by the authors own account, is an “unfortunate innocent spouse” is entirely inappropriate and demonstrates depraved behavior and the intentional infliction of emotional distress. Accordingly, a lawsuit will be filed against the author of the posting, which again is believed to be him.

That the author, again believed to be, would expend the time and energy to fabricate what is posted here is hardly surprising. He is intimately familiar with Ripoff Report, as his firm received a scathing review on this site in October, 2012. The author of the post called them a “scam boiler room operation” and warned investors to “avoid these guys at all costs” claiming that “these guys stole my money and they’ll do it to you as well.” He went to great lengths to bury the review by posting and re-posting glowing reviews of his own firm.

He has worked in the securities industry for 18 years and has been employed by 9 different firms, 2 of which have been expelled by FINRA (Harrison Securities, Inc. and Prestige Financial Center) and 3 others are no longer licensed and their registrations with FINRA have been terminated (First Asset Management, Inc., Ladenburg Capital Management, Inc. and S.W. Bach & Company).

See Here:

(((REDACTED)))

While most of the things the author wrote, again believed to be him, are simply too baseless to address, a few things should be put straight. These defamatory statements placed on the internet will be the basis for damages sought by Cold Spring Advisory against the author, who is believed to be him.

• Louis Ottimo does not own Cold Spring Advisory Group, has never declared bankruptcy and his house is not in any stage of foreclosure.

• Cold Spring Advisory Group does not have anyone’s Personal Confidential Information (PCI) such as social security numbers, bank account information, income information or dates of birth unless it has been provided by a client for the purposes of preparing their case for FINRA Arbitration.

• Cold Spring Advisory Group has no set fee relating to assisting its clients, and the allegation of a set $7,500 fee is defamatory and will be part of the lawsuit against the author. Cold Spring Advisory Group is pursuing all available avenues to identify and hold the author, who posted anonymously under the name “TruthBeTold – District of Columbia” and believed to be him, accountable for his defamatory statements and harassing actions.

The majority of Cold Spring Advisory Group clients describe the brokers who stole their money as loud-mouthed bullies who used high-pressure sales tactics to intimidate and coerce them into doing business with them and their firm. Cold Spring Advisory holds these bullies accountable to their former clients every single day.

To end this post, Cold Spring Advisory Group will continue to monitor the internet and this site for any and all attempts to defame, harass, threaten or otherwise intimidate our firm, our clients and our consultants. All individuals who engage in these kinds of behaviors will be met with equal force and will be prosecuted to the fullest extent of the law.

 

 

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