The Peiffer Rosca Wolf securities lawyers recently filed a lawsuit on behalf of investors who purchased bonds that were offered by entities controlled by Christopher Brogdon. Investors who purchased any such bonds are encouraged to contact the Peiffer Rosca Wolf securities lawyers for a free, no-obligation evaluation of their legal options.
SEC Takes Action Against Brogdon
In November 2015, the Securities and Exchange Commission brought an action against Christopher Brogdon alleging that Brogdon had committed fraud in connection with his entities’ bond offerings. Brogdon raised millions from investors for the purpose of purchasing, renovating, expanding, and/or managing nursing homes or assisted living facilities, however, he paid investors with money raised from other investors and used investors’ money for his personal expenses, according to the SEC.
Several Brogdon-sponsored bond programs are currently in default. Brogdon bond programs that are currently outstanding – whether or not in default – include:
- – Liberty County Industrial Authority First Mortgage Revenue Bonds 1992A&B Liberty Manor/Midway (Liberty Bond Offering) – sold on September 30, 1992 in the amount of $4,800,000.
- – Toombs County Development Authority First Mortgage Revenue Bonds 1997 A&B/Summers Landing/Vidalia (Toombs Bond Offering) – sold on May 30, 1997 in the amount of $2,315,000.
- – Development Authority of Bibb County Healthcare Facility Revenue Bonds 2000 Hartley Woods Healthcare Center (Bibb I Bond Offering) – sold on March 16, 2000 in the amount of $4,550,000.
- – City of Sumner Illinois Healthcare Facility Revenue Bonds 2002/Pine Lawn Manor/Red Hills Healthcare Center (City of Sumner Bond Offering) – sold on March 25, 2002 in the amount of $3,080,000.
- – The Medical Clinic Board of the City of Montgomery – 1976 East (Bell Oaks Bond Offering) – sold on June 10, 2010 in the amount of $3,750,000.
- – The Medical Clinic Board City of Hoover First Mortgage Healthcare Facility Revenue Bonds 2010A&B/Riverchase Village (City of Hoover Bond Offering) – sold on June 25, 2010 in the amount of $6,365,000.
- – Bleckley-Cochran Development Authority First Mortgage Healthcare Facility Revenue Bonds 2013ABC/Bleckley-Bryant (Bleckley-Cochran Bond Offering) – sold to investors on April 30, 2013 in the amount of $5,850,000.
- – Crisp-Dooly JT Development Authority First Mortgage Healthcare Facility Revenue Bonds 2013ABC Pine Hill (Crisp-Dooly Bond Offering) – sold on July 17, 2013 in the amount of $6,975,000.
- – The Medical Clinic Board City of Mobile (Second) First Mortgage Healthcare Facility Revenue Bonds 2012 A&B Mobile I/Bama Oaks and Gordon Oaks (Mobile I Bond Offering) – sold on September 28, 2012 in the amount of $11,700,000.
- – The Medical Clinic Board City of Mobile (Second) First Mortgage Healthcare Facility Revenue Bonds 2012 A&B Mobile II/Bama Oaks and Gordon Oaks (Mobile II Bond Offering) – sold on November 29, 2012 in the amount of $5,740,000.
- – The Medical Clinic Board of the City of Mobile (Second) First Mortgage Healthcare Facility Revenue Bonds 2013A&B Mobile III/Knollwood (Mobile III Bond Offering) – sold on September 26, 2013 in the amount of $8,610,000.
- – Thomaston-Upson Co. Industrial Development Authority First Mortgage Healthcare Facility Revenue Bonds 2013A&B/Providence (Thomaston-Upson Bond Offering) – sold on December 12, 2013 in the amount of $8,950,000.
- – Tulsa County Industrial Authority First Mortgage Revenue Bonds 2014A&B/Southern Tulsa (Tulsa County Bond Offering) – sold on March 21, 2014 in the amount of $5,700,000.
- – Certificates of Participation in $2,150,000 Development Authority of Clayton County Georgia First Mortgage Revenue Bonds (Senior Care Group, Inc. – Bayberry Trace Project) Series 1999A (Clayton IV Bond Offering) – sold on August 31, 2011 in the amount of $2,150,000.
- – Series 2013 Certificates of Participation in $1,750,000 Development Authority of Clayton County GA Revenue Bonds (Senior Care Group, Inc. – Bayberry Trace Project Series 1999A) & $1,000,000 Savannah Economic Development Authority Subordinated Mortgage Healthcare Facility Revenue Bonds 1999A&B (Shadowmoss to Shawnee Rose Care Center Exchange) (Clayton V Bond Offering) – sold on April 29, 2013 in the amount of $2,750,000.
- – City of Springfield, Ohio First Mortgage Revenue Bonds 2012A&B/Springfield – Eaglewood (City of Springfield Bond Offering) – sold on April 12, 2012 in the amount of $7,230,000.
Peiffer Rosca Wolf Attorneys Also Take Action
The Peiffer Rosca Wolf securities lawyers recently filed a case on behalf of Brogdon bond investors in an effort to recover their losses. Their goal is to supplement whatever recovery investors may be eligible to receive through the SEC’s case. Alan Rosca, James Booker, and the other attorneys at the Peiffer Rosca Wolf law firm represent individual and institutional investors who have suffered financial losses as a result of unlawful conduct by financial professionals. They take most of their cases on a contingency fee basis, advance the case expenses, and typically only get paid for their fees and case expenses they advanced if and when they recover money for their clients.
Investors in municipal bond offerings orchestrated by Brogdon and/or his entities may contact attorneys Alan Rosca or James Booker toll-free at 888-998-0520, by email, at arosca@prwlegal.com, or by filling out the contact form on http://ift.tt/2drJEkd, for a free, no-obligation evaluation of their investment recovery options.
from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2d7knfx
via Securitieslitigatos.com