Donald Watkins, a Well-known Alabama Attorney, Allegedly Defrauded Professional Athletes and Assorted Investors Claiming to Use Funds to Foster Waste-to-Energy Ventures
Donald Watkins and his Watkins Pencor LLC and Masada Resource Group LLC allegedly orchestrated a multi-million dollar investment luring pro athletes and other investors to put their hard-earned cash to foster purported waste-to-energy ventures, according to recent SEC Documents currently under review by attorneys Alan Rosca and James Booker.
Watkins, rather than investing in new green technology, used a majority of investor money on personal expenses such as alimony and gifts for his girlfriend, the aforementioned SEC Documents report.
The Peiffer Rosca Wolf securities lawyers are currently investigating Donald Watkins and Watkins Pencor LLC and Masada Resource Group LLC’s alleged waste-to-energy venture investment scheme.
Donald Watkins and his Watkins Pencor LLC and Masada Resource Group LLC Allegedly Claimed Waste Management Inc., Was Allegedly in the Works to acquire Watkins Pencor, Masada, and its Affiliated Companies in a Multi-billion-dollar Transaction
Donald Watkins and his Watkins Pencor LLC and Masada Resource Group LLC allegedly told investors that Waste Management Inc. was allegedly in the works to acquire Watkins Pencor, Masada, and its affiliated companies in an enormous multi-billion-dollar transaction, according to the aforementioned SEC Documents currently under review by attorneys Alan Rosca and James Booker.
In reality, the SEC alleges, Waste Management’s alleged “interest” in Masada never went past a short initial meeting in August 2012, which was purportedly over a year after Watkins started telling investors that they were still negotiating terms of the deal and that the acquisition was on the near horizon.
As a result of the aforementioned behavior, the SEC charged Watkins with violations of provisions of antifraud and federal securities laws and a related SEC antifraud rule, and hence the SEC is seeking permanent injunctions, penalties and return of allegedly ill-gotten gains with prejudgment interest, SEC Documents report.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment schemes and are currently investigating Donald Watkins and Watkins Pencor LLC and Masada Resource Group LLC’s alleged waste-to-energy venture investment scheme. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of Donald Watkins and Watkins Pencor LLC and Masada Resource Group LLC’s alleged waste-to-energy venture investment scheme may contact the securities lawyers of Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.
from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2cObBwz
via Securitieslitigatos.com
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