Larry Werbel Allegedly Committed Acts of Securities & Adviser Fraud after Purportedly Taking Kickbacks for Touting Stock

Larry Werbel plead guilty to receiving kickbacks for touting stocks and investor rights lawyer Alan Rosca is launching an investigation into this fraud.

Werbel, age 70, is a resident of Milburn, New Jersey, and owns and operates Evolution Partners Wealth Management LLC, an investment adviser that was registered from 2011 through 2015, and, on September 15, 2017, purportedly pled guilty to one count of conspiracy to commit securities fraud in violation, according to an SEC Order under review by attorney Alan Rosca.

Werbel purportedly admitted that, as a registered investment adviser with an office in Cleveland, Ohio, from 2011 through 2014, he allegedly introduced clients to VGTel Inc., which he represented as an “investment opportunity”, the SEC notes.

Werbel allegedly admitted that he “willfully failed to tell these clients that he was being compensated to recommend the purchase of VGTel securities … through an agreement with Ed Durante, a codefendant in the case”, the SEC states.

Attorney Alan Rosca, of the Goldman Scarlato & Penny PC law firm in the Philadelphia area, is investigating Larry Werbel’s alleged securities fraud. Investors who believe they may have lost money in activity related to Larry Werbel’s alleged securities fraud are encouraged to contact attorney Alan Rosca with any useful information or for a free, no obligation discussion about their options.

Larry Werbel Barred by the SEC; Werbel Allegedly Failed to Inform Clients that New Market Enterprises was Operated by Ed Durante, a Convicted Felon

Werbel allegedly failed to inform clients that New Market Enterprises, the entity to which he reportedly solicited his clients to send their money for the purchase of VGTel securities, was operated and controlled by Ed Durante, who Mr. Werbel knew at the time was a convicted felon, the SEC notes.

Werbel allegedly met with Ed Durante in connection with his compensation agreement to discuss his clients’ investment opportunities in VGTel, and when he purportedly took part in said conduct he knew it was wrong, the SEC states.

Werbel, based on the alleged aforementioned behavior, has been barred by the SEC.

Securities Lawyer Investigating

The Goldman Scarlato & Penny PC law firm represents investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Larry Werbel’s alleged securities fraud. The firm takes most cases of this type on a contingency fee basis and advance the case costs, and only gets paid for their fees and costs out of money recovered for clients. Attorney Alan Rosca, a securities lawyer and adjunct professor of securities regulation, has represented thousands of victimized investors across the country and around the world in cases ranging from arbitrations to class actions.

Investors who believe they lost money as a result of Larry Werbel’s alleged securities fraud may contact attorney Alan Rosca for a free no-obligation evaluation of their recovery options, at 888-998-0530, via email at, or through the contact form on this webpage.