Terminus Energy Inc., Emanuel Pantelakis, Danny B. Pratte and Joseph L. Pittera – Misleading Investors/Defrauding Investors

New Orleans stockbroker fraud attorney

Terminus Energy Inc. Allegedly Misled Investors Regarding Research, Development, and Profitability of Their Purported Fuel Cell Technology Business While Raising $7.9 Million from Investors

Terminus Energy Inc., a California-based Penny Stock Company, allegedly made misleading statements to investors regarding the research, development, and profitability of their purported fuel cell manufacturing business, according to recent SEC Documents currently under review by attorneys Alan Rosca and James Booker.

Several Peiffer Rosca Wolf securities practice lawyers are investigating investment recovery options on behalf of investors in Terminus Energy Inc.’s alleged material misrepresentations.

Investors who believe they may have lost money over Terminus Energy Inc.’s alleged material misrepresentations are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Terminus Energy Inc., the company and its officers, in the course of raising approximately $7.9 million from investors in Terminus Energy Inc., allegedly claimed to have a viable prototype capable of being sold and earning revenue, said SEC Documents report.

The Peiffer Rosca Wolf securities lawyers are currently investigating Patrick Golden’s private securities transactions.

Terminus Allegedly Neither Held the Fuel Cell Technology or the Funding to Match their claims, and Terminus Officers Allegedly Converted Substantial Sums of Investor Cash for Their Own Personal Use

Terminus allegedly did not have the fuel cell technology or the funding to match their claims, and Terminus officers were instead converting huge sums of investor funds for their own use, according to an SEC Complaint presently being examined by attorneys Alan Rosca and James Booker.

Terminus also allegedly failed to disclose to investors that Terminus’s operations manager George Doumanis is a convicted felon who served time for securities fraud and was clandestinely acting as an officer of the company even though he was barred from participating in penny stock offerings, said SEC Documents note.

What is more, Emanuel Pantelakis also allegedly served on the Terminus board of directors even though he had been permanently barred by FINRA, the SEC reports.

Terminus’s CEO Danny B. Pratte and its former president, director, and legal counsel Joseph L. Pittera have also been charged in the SEC’s complaint, the SEC states.

Furthermore, Terminus also allegedly implemented unregistered brokers to make sales of its securities and paid them more than double the commissions than was disclosed to investors in offering documents, according to the SEC Documents.

Joseph Alborano has also been charged in the SEC’s Complaint with soliciting and selling investments for which he brought in more than $1 million in commissions, the SEC notes.

The U.S. Attorney’s Office for the Southern District of New York today also filed criminal charges against Pratte, Doumanis, and Pantelakis in a parallel action, the SEC reports.

Finally, the SEC’s Complaint seeks disgorgement of alleged ill-gotten gains plus interest and penalties as well as officer-and-director bars and penny stock bars, the SEC notes.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged material misrepresentations and are currently investigating Terminus Energy’s alleged investment fraud. 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 Terminus Energy’s alleged investment fraud may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2mcfD7X
via Securitieslitigatos.com

Michael Dolan—Outside Business Activity

Michael Timothy Dolan Allegedly Took Part in the Sale of at Least $850,000 of membership interests in a hedge fund to six individuals without Notice to Dougherty & Co.; Five of the Six Said Individuals were Allegedly Dougherty & Co. Customers

Michael Dolan, between October 2012 and October 2013, allegedly participated in the sale, without proper prior notice to Dougherty & Co., of at least $850,000 of membership interests in a hedge fund, Pennington Capital Management (PC), according to a Complaint from FINRA’s Department of Enforcement currently under review by attorneys Alan Rosca and James Booker.

The aforementioned Complaint further details how said sales were allegedly made to six individuals, five of whom were Dougherty & Co. customers and that said transactions allegedly violate NASD and FINRA Rules.

Back in October of 2010 Pennington Capital started in Minneapolis with alleged claims of giving investors a diverse portfolio with exposure to publicly traded, small, and mid-capitalization equity investments, the Complaint notes.

Pennington Capital is operated and managed by a friend of Dolan’s, according to the Complaint.

Dolan, however, was allegedly not an assigned rep to PC Management’s brokerage account, and also allegedly took in commissions from the account for producing and providing research, the Complaint notes.

What is more, Pennington Capital’s manager also held a personal account at Dougherty & Co. which was designated for Dolan, and in May 2011, PC allegedly began to sell non-managing membership interests in the firm (PC) to accredited investors as a package of an exempt offering made under provisions of the Securities Act, the Complaint reports.

Furthermore, Dougherty & Co. did not approve the offering for sale by its registered representatives, the Complaint states.

Dolan, allegedly without providing notice to Dougherty, began allegedly soliciting his customers at Dougherty & Co. to invest in the offering, the Complaint reports.

The Peiffer Rosca Wolf securities lawyers are investigating Michael Dolan’s alleged unauthorized sale of securities.

Michael Dolan Allegedly Induced a Customer to Invest $300,000 in Pennington Capital Management without Properly Disclosing His Activity

Michael Dolan, around October 8, 2012, allegedly sent an e-mail to a firm customer, known only as GN, which attached investor information regarding PC, according to a Complaint from FINRA’s Department of Enforcement presently being examined by attorneys Alan Rosca and James Booker.

Said missive also allegedly held three letters mailed to current investors detailing the fund’s investment strategy and performance, the Complaint notes.

This allegedly led to GN investing $200,000 in the offering, and by October 20, Dolan allegedly sent another message soliciting him to increase his investment, the Complaint notes.

Just a few days afterward, GN then sunk in an additional $100,000 in the aforementioned offering, and Dolan also allegedly provided GN with payment directions for the next investment, the Complaint reports.

Hence, between October 2012 and October 2013, Dolan allegedly took part in the offering by making direct solicitations to GN to invest in the offering, and also allegedly provided GN with investor materials related to the offering, the Complaint states.

What is more, Dolan allegedly forwarded a PC subscription agreement to GN, and also made work to facilitate two investments in the offering by providing payment instructions to GN and therefore Dolan allegedly participated in the offering, Dougherty & Co. customer GN invested a total of$300,000 in PC, the Complaint notes.

Therefore, by reason of the aforementioned behavior, Michael Dolan allegedly violated NASD Rules and therefore also violated FINRA Rules, the Complaint notes.

Hence, FINRA’s Department of Enforcement has requested that the Panel make findings of fact and conclusions of law that Dolan allegedly committed the violations charged and that one or more of the sanctions provided be imposed, including monetary sanctions and that Dolan bear such costs of proceeding as are deemed fair and appropriate  with FINRA Rules, the Complaint states.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of unauthorized securities sales and are currently investigating Michael Dolan’s alleged unauthorized sale of securities. 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 Michael Dolan’s alleged unauthorized sale of securities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2kzhrKe
via Securitieslitigatos.com

Scott Goldman—Unsuitable Investment Strategy

Scott F. Goldman Allegedly Made Unsuitable Recommendations to an Elderly Customer which Involved Leveraged Precious Metal Products

Scott Goldman, from 2009 to 2010, allegedly made unsuitable recommendations to an elderly customer involving leveraged precious metal products, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

The aforementioned AWC further alleges that Scott Goldman’s elderly customer allegedly recovered losses through arbitration, and that said recommendations were unduly concentrated in risky, leveraged products.

Scott Goldman’s alleged risky recommendations allegedly violated NASD Rules as well as FINRA Rules, the AWC notes.

Goldman, in late 2009 and in 2010, allegedly utilized six assorted investment strategies which he labeled the “Champions” model, the AWC reports.

Said models allegedly made investments in mutual funds either directly with a mutual fund family or indirectly through the subaccounts of a variable annuity which he would buy, the AWC states.

The various models allegedly hold differing investment objective and assorted levels of risk dependent on the allocation of the customer’s funds, the AWC notes.

Goldman allegedly received discretion from his customers to transfer funds back and forth between a money market fund and other mutual funds available within the mutual fund family, the AWC reports.

What is more, said funds were allegedly also transferred between a variable annuity money market subaccount and other subaccounts within the annuity, based on various market factors monitored by Goldman, the AWC states.

The Peiffer Rosca Wolf securities lawyers are currently investigating Scott Goldman’s alleged unsuitable recommendations to an elderly customer.

Scott Goldman Suspended and Fined $10,000 by FINRA; Goldman Allegedly Recommended His Risky Champion Precious Metals Model to Clients

Scott Goldman allegedly recommended his Champion Precious Metals Model to clients, a model which was allegedly the riskiest of his so-called Champions Models, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

The Champions Precious Metals Model has been identified as the riskiest model as it was purportedly concentrated in just one often volatile sector, that of precious metals, the AWC states.

Said Model also allegedly had a habit of using leveraged mutual funds and FINRA makes a special note of the risky nature of such products, the AWC reports.

The AWC goes into much further detail that in the summer of 2009 Goldman allegedly made the acquaintance of the aforementioned customer and her husband. The husband was purportedly terminally ill and the customer was 68 years-old, the AWC states.

Following her husband’s death in August of 2009, the customer then made the decision to open an account with Goldman and made consultations with him with regards to investment strategies for her own assets, and also assets which she inherited from her deceased husband, the AWC notes.

Goldman, by November 2009, allegedly made recommendations that said Customer invest in his high risk Champion Precious Metals Model and said recommendations were made in transactions through January 2010 which added up to approximately $135,000, the AWC states.

Said investment allegedly added up to 22% of the Customer’s liquid net worth at that time, and that said investments were executed through two different accounts, the AWC states.

Afterward, in a sequence of trades in March and May of 2010, Goldman allegedly made recommendations for an extra $188.219 from the Customer’s deceased husband’s bank certificates of deposit (that she inherited) be added to the existing IRA Account, with the Precious Metals Fund, the AWC reports.

This led to, as of May of 2010, approximately 53% of the Customer’s liquid net worth to be invested in Goldman’s Champion Precious Metals Models at the times that the portfolios were fully allocated to the precious metals funds, the AWC states.

The aforementioned behavior violates NASD Rules which state that recommendations must be “suitable for the Customer based on the -other security holdings and [her] financial situation and needs,” the AWC reports.

Hence, Goldman’s alleged actions violated NASD and FINRA Rules and hence he has consented to a fine of $10,000 and a 20-day calendar suspension, the AWC notes.

One should also note that, according to the AWC, Scott F. Goldman neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged acts of unsuitable trading in customer accounts and are currently investigating Scott Goldman’s alleged unsuitable recommendations in customer accounts. 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 Scott Goldman’s alleged unsuitable recommendations in customer accounts may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2jHW4H3
via Securitieslitigatos.com

Dennis Edmonds—Sale of International Asset Protection Trust without Proper Written Notice

Dennis Anthony Edmonds Allegedly Participated in the Sale of International Asset Protection Trusts without Giving J.P. Turner & Company, L.L.C. Prior Written Notice of his Participation and without Having Obtained Approval to Sell the Product

Dennis Edmonds, between 2004 and 2008, allegedly participated in the sale of international asset protection trusts without giving Packerland Brokerage Services, Inc. and J.P. Turner & Company, L.L.C. proper prior written notice of his participation, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

The AWC also notes that Dennis Anthony Edmonds also allegedly failed to have obtained approval to sell the aforementioned product.

In at least December 2004, Edmonds allegedly began recommending international asset protection trusts to his clients through a marketing firm named Foster & Dunhill, the AWC reports.

The so-called international asset protection trusts were established by individuals and the owner of the trust typically placed an insurance policy in the trust as its corpus, the AWC states.

The Peiffer Rosca Wolf securities lawyers are currently investigating Dennis Anthony Edmonds’ alleged participation in the sale of international asset protection trusts.

Dennis Anthony Edmonds Allegedly Participated in the Creation of Asset Protection Trusts for Five Individuals, Two while Associated with Packerland and Three with J.P. Turner

Edmonds, from January 2005 to January 2008, allegedly participated in the creation of asset protection trusts for five individuals, two while he was associated with Packerland and three while he was associated with J.P. Turner, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

Edmonds allegedly directed that the funds in the trusts be invested in securities in the medium of a foreign investment called Private International Wealth Management, the AWC reports.

The so-called international asset protection trusts were never approved as a product that could be sold by Packerland or J.P. Turner registered representatives and Edmonds alleged participation in the trusts and the investments made in them were not reviewed or supervised by either firm, the AWC states.

As a result of the aforementioned behavior, Edmonds allegedly violated NASD and FINRA Rules and therefore has been suspended for eleven months and barred by FINRA in any and all capacities, the AWC reports.

One should also note that, according to the AWC, Dennis Edmonds neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unauthorized sales of securities and ate investigating Dennis Edmonds’ alleged participation in the sale of international asset protection trusts. 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 Dennis Edmonds’ alleged participation in the sale of international asset protection trusts may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2jHOXyb
via Securitieslitigatos.com

Joseph Meli and Matthew Harriton—Concert and Broadway Ticket Ponzi Scheme

Joseph Meli and Matthew Harriton Allegedly Ran a $81 Million New York City Ponzi Scheme Involving Investor Cash to Buy and Resell Tickets to Shows such as the Broadway Smash-hit Hamilton and Adele Concerts

Joseph Meli and Matthew Harriton allegedly ran a New York City Ponzi scheme involving investor cash to buy and re-sell tickets to shows such as the Broadway smash-hit Hamilton and to Adele Concerts, according to recent SEC Documents currently under review by attorneys Alan Rosca and James Booker.

Meli and Harriton allegedly raised over $81 million from at least 125 investors in 13 states, said SEC Documents report.

Joseph Meli and Matthew Harriton, who are currently facing fraud charges from the SEC, allegedly made misrepresentations to investors claiming that all of their cash would be merged to buy big blocks of tickets which would be resold at a profit to generate high returns for investors, said SEC Documents report.

The operation allegedly started to show telltale signs of a Ponzi scheme.

For example, the majority of investor funds were allegedly used for undisclosed purposes, mainly by allegedly using money from new investors to make Ponzi payments to prior investors, the SEC notes.

Investors also allegedly received written contracts which promised full repayment of principal plus a 10% annualized profit, to be paid in less than one year from investment, according to the SEC Complaint.

What is more, investors also were allegedly promised 50% of any profits from the ticket re-sales that were still around after investors received their return of principal and 10% return, the Complaint notes.

Joseph Meli and Matthew Harriton’s scheme allegedly took such serious steps as to make misrepresentations that a deal had been made with the producer of Hamilton to purchase 35,000 tickets to the musical, the SEC Documents state.

The SEC’s Complaint further alleges that investor money was purportedly paying portions of that cost with the return on investment which was promised within eight months.

The SEC, however, also alleges that no such agreement or purchase ever happened.

What is more, Joseph Meli and Matthew Harriton allegedly diverted almost $2 million for personal expenses such as jewelry, private school and camp tuition, and casino payments, the SEC states.

Paul G. Levenson, Director of the SEC’s Boston Regional Office, made the following statement:

 “As alleged in our complaint, Meli and Harriton raised millions from investors by promising big profits from reselling tickets to A-list events when in reality they were moving investor money in a circle and creating a mirage of profitability.”

The Peiffer Rosca Wolf securities lawyers are currently investigating Joseph Meli and Matthew Harriton’s alleged Ponzi scheme.

Joseph Meli and Matthew Harriton, Along with Their Four Purported Ticket Reselling Businesses Named Advance Entertainment, Advance Entertainment II, 875 Holdings, and 127 Holdings Facing, are Facing Disgorgement of Ill-gotten Monetary Gains Plus Interest and Penalties

Joseph Meli and Matthew Harriton, along with their four purported ticket reselling businesses named Advance Entertainment, Advance Entertainment II, 875 Holdings, and 127 Holdings Facing disgorgement of ill-gotten monetary gains plus interest and penalties, according to SEC Documents presently being examined by attorneys Alan Rosca and James Booker.

The Complaint is also seeking disgorgement of alleged “ill-gotten monetary gains plus interest and penalties.”

As opposed to representations by Meli and Harriton, only a small amount of investor funds were used to make payments to entities with any apparent connection to the ticket reselling business, the Complaint states.

What allegedly happened instead was at least $48 million of incoming funds from apparent investors was used to repay and provide purported investment returns to other investors, thereby creating the illusion of a profitable, ongoing investment, the Complaint notes.

This allegedly allowed Meli and Harriton to raise even more money from investors and to fraudulently use investor money for personal benefit.

What is more, Meli’s wife and another company are also allegedly being named as relief defendants in the Complaint for the reason of recovering investor funds which they are allegedly holding, the Complaint notes.

Meli and Harriton may also face criminal charges from the U.S. attorney for New York’s Southern District, the Complaint states.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of Ponzi schemes and are currently investigating Joseph Meli and Matthew Harriton’s alleged Ponzi 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 Joseph Meli and Matthew Harriton’s alleged Ponzi scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2kBGxI4
via Securitieslitigatos.com

Mark Holcombe—Private Securities Transactions without Prior Written Notice

Mark Robert Holcombe Allegedly Took Part in Two Separate Private Securities Transactions Involving Trident Brands, Inc. without Providing Prior Written Notice to Source Capital

Mark Holcombe allegedly took part in two separate private securities transactions involving Trident Brands, Inc. without providing prior written notice to Source Capital, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

The AWC further alleges that Mark Holcombe violated NASD and FINRA Rules which require that “prior to participating in any private securities transaction, an associated person shall provide written notice to [his Firm] describing in detail the proposed transaction and the person’s proposed role therein.”

Holcombe, around January 2015, allegedly participated in two separate private securities transactions involving Trident Brands, Inc.(TDNT), the AWC reports.

What is more, TDNT was a company in which Holcombe allegedly served as Chairman of the Board of Directors, the AWC reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Mark Holcombe’s alleged participation in private securities transactions without proper prior written notice.

Mark Robert Holcombe Allegedly Participated in TDNT’s Sale of Senior Secured Convertible Debentures without Providing Proper Notice to Source Capital

Mark Holcombe also allegedly participated in TDNT’s sale of senior secured convertible debentures to the same aforementioned third party for $2.3 million, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

Furthermoe, Holcombe allegedly sold two million shares of his own TDNT stock to a third party for $100,000, the AWC states.

Holcombe also allegedly failed to notify Source Capital regarding the aforementioned private securities transaction, the AWC notes.

Holcombe, based on said behavior, allegedly violated FINRA and NASD Rules and therefore is receiving a nine-month suspension and fine of $10,000, according to the aforementioned AWC.

Holcombe first became associated with a FINRA member in April 1998 and was registered as an Investment Banking Representative through member firm Source Capital Group, Inc. from April 2014 through December 22, 2015, the AWC reports.

One should also note that, according to the AWC, Mark Holcombe neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged acts of unapproved securities transactions and are currently investigating Mark Holcombe’s alleged sale of unapproved securities without proper prior written notice. 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 Mark Holcombe’s alleged sale of unapproved securities without proper prior written notice may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2k53LmF
via Securitieslitigatos.com

UDF Investors Lawyers File More Claims Against Broker-Dealer Firms That Sold UDF Products

United Development Funding investors in UDF IV, UDF V, and other UDF-sponsored programs continue to hire the Investors’ rights attorneys at the Peiffer Rosca Wolf law firm to try and seek compensation for their UDF losses, from securities broker-dealer firms that sold such UDF products to investors.

UDF programs, including UDF IV and UDF V, were improperly recommended and sold to some investors by several broker-dealer firms, according to Peiffer Rosca Wolf attorney Alan Rosca, who is overseeing the prosecution of UDF cases against broker-dealer firms on behalf of UDF investors.

A large and growing number of such investors continues to file claims through the Peiffer Rosca Wolf law firm against broker-dealer firms that recommended and sold them UDF investments without having a reasonable basis to do so, according to the allegations in the pleadings.

Attorney Alan Rosca stated that “brokerage firms have a duty to ensure that investments they recommend to their customers are suitable for investors’ investment profile. They also have a duty to ensure that they have a reasonable basis before recommending any investment product to members of the investing public. We will continue to hold liable those investment firms that fail to fulfill these duties to their customers.”

The number of pending UDF claims filed by the Peiffer Rosca Wolf law firm continues to grow, with more cases pending and some of the earliest-filed cases already resolved.  Of course, each case is different and its resolution depends upon its own merits, and past successes are not indicative of future results.

Investors who believe they lost money invested in UDF may contact the attorneys at Peiffer Rosca Wolf, Alan Rosca, James Booker, or Greg Gipson, at 888-998-0520, or via email at arosca@prwlegal.com for a free, no-obligation evaluation of their recovery options. Contingency fee representation is available, with no down payment. The Peiffer Rosca Wolf law firm typically advances the case costs and only gets paid for the costs it advanced and its fees if and when it recovers money for the clients.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2kZmv7S
via Securitieslitigatos.com

Yasuna Murakami—Ponzi Scheme Investigation

Yasuna Murakami Allegedly Ran a Boston-area Ponzi Scheme through MC2 Capital Canadian Opportunities That Allegedly Brought in $15.3 Million from 47 Investors; Investor Right Attorneys Investigating

Yasuna Murakami allegedly ran a Ponzi scheme which purportedly brought in $15.3 million from 47 investors, according to a Complaint from the Massachusetts Division of Securities currently under review by Peiffer Rosca Wolf attorneys Alan Rosca, Joe Peiffer, and James Booker.

Several Peiffer Rosca Wolf securities practice lawyers have begun investigating investment recovery options on behalf of investors in Murakami – operated hedge funds such as MC2 Capital Canadian Opportunities Fund, MC2 Capital Partners, and MC2 Capital Value Partners. Investors who believe they may have lost money in Murakami’s MC2 Capital Canadian Opportunities Fund and his other hedge funds are encouraged to contact attorneys Alan Rosca or James Booker with any useful information or for a free, no obligation discussion about their options.

Murakami, between October 3, 2007 and August 23, 2011, allegedly transferred over $1,000, 000 from the Partners Fund trading account to bank account in the name of the Partners Fund and MC2 Capital, the Complaint notes.

The tale of MC2 Capital Partners fund kicked off in 2007 when Murakami started his hedge fund with the MC2 Capital Partners fund, the Complaint notes.

MC2 Capital Partners Fund was allegedly marketed to friends and family members and went on to take on over $3.5 million, the Complaint states.

By late 2008, however, MC2 Capital Partners allegedly held a negative balance of about $2.4 million which triggered a margin call that wiped out investors’ equity, according to statements from Galvin.

MC2 Capital Value Partners Fund, a second fund, is also allegedly faced a similar situation, according to said Complaint from the Massachusetts Division of Securities.

Most of the funds’ losses, however, allegedly took place in the third fund, MC2 Capital Canadian Opportunities, a fund that was initially managed by a joint venture between Murakami and a Canadian hedge fund management company, according to the Complaint.

The Peiffer Rosca Wolf lawyers are particularly interested in talking to investors in MC2 Capital Canadian Opportunities.

Investor cash was allegedly used to pay personal expenses such as luxury hotels, liquor stores, fancy cars, American Express bills, and high-end shops such as Nordstrom, Saks Fifth Avenue, according to statements from Galvin’s office.

Galvin also describes the case as representing “a classic example of a shell game of moving the money from one investor to another with some left over to fatten the coffers of the money manager”, according to reports from Massachusetts.

The Peiffer Rosca Wolf securities lawyers are investigating Yasuna Murakami and his MC2 Capital’s alleged Ponzi scheme.

Murakami Allegedly Made Misappropriations for Personal Benefit and Allegedly   Misled New Clients to Bring in More Money

Yasuna Murakami has allegedly lost a significant portion of investor money, including the vast majority of the cash invested in MC2 Capital Canadian Opportunities fund, according to a Complaint from the Massachusetts Division of Securities presently being examined by attorneys Alan Rosca and James Booker.

Murakami allegedly failed to make the proper disclosures to new investors – including investors in MC2 Capital Canadian Opportunities fund – that substantially all the investment plays he made for his earlier hedge funds were not met with success, according to the Complaint.

Furthermore, after losing the investment funds he managed in his earlier hedge fund, MC2 Capital Partners, Murakami allegedly started MC2Capital Value Partners Fund in 2009, the Complaint states.

What is more, Murakami has also allegedly misled new clients to bring in more cash, by not disclosing to them his past failures with earlier hedge funds he managed, and has subsequently misappropriated millions of dollars for personal gain, the Complaint states.

For example between November 10, 2008 and September, 2011, $643,438.19 was allegedly transferred from the Value Fund trading account to bank accounts in the name of at least one MC2 entity, the Complaint states.

Murakami also allegedly sent personal e-mails to potential investors. For example, on October 29, 2010, he sent an e-mail which allegedly boasted of the Fund’s “exceptional track record” and cited returns of 0.86% in 2008, 10.29% in 2009 and 6.31% year-to-date through the third quarter of 2010, the Complaint notes.

Murakami also allegedly failed to disclose to new investors – including investors in MC2 Capital Canadian Opportunities fund – that substantially all the investment bets he made for his earlier hedge funds were unsuccessful. After posting losses in his earlier hedge fund, MC2 Capital Partners, Murakami allegedly started MC2Capital Value Partners Fund in 2009, the Complaint states.

MC2Capital Value Partners Fund, similar to its predecessors, allegedly lost serious amounts of cash, and he allegedly started a third similarly named fund while also purportedly partnering with a successful Toronto firm in an attempt to attract and recruit more investors, the Complaint reports.

Over the lifetime of the Canadian Fund, Murakami allegedly took in at least $10,000,000 from at least 38 individuals who intended the money to be invested in the Canadian Fund, the Complaint states.

Only about $8,289,000, however, was actually invested into the Canadian Fund’s trading account, the Complaint notes.

Next, Murakami later made a deal with a Toronto – based hedge fund management company to start MC2 Capital Canadian Opportunities Fund in 2011, according to a statement from Galvin.

The Canadian hedge fund management firm allegedly was vital in getting investors to throw in money, including a Boston– area institutional investor, according to the Massachusetts Division of Securities.

By May of 2015, however, the Canadian hedge fund management firm allegedly cut ties to the MC2 entities, the Complaint states.

Unfortunately, revealing signs of a Ponzi scheme allegedly began to emerge.

For example, Galvin further alleges that Murakami allegedly misappropriated investor money from the Canadian fund and used it to pay promised returns or redemptions to investors in the other two MC2 funds, the Complaint states.

Based on the aforementioned actions the Massachusetts Division of Securities has recommended that Murakami “cease and desist” all actions and provide and account for all losses attributed to the alleged wrongdoing.

What is more, the Division is also asking that Murakami disgorge all profits, the Complaint reports.

William Galvin and the Massachusetts Division of Securities are now looking to potentially bar Yasuna Murakami and his MC2 Capital’s hedge funds, the Complaint states.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of Ponzi schemes and are currently investigating Yasuna Murakami’s alleged Ponzi 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 Yasuna Murakami’s alleged Ponzi scheme – and in particular investors in the MC2 Capital Canadian Opportunities fund – may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2k4MtbA
via Securitieslitigatos.com

Michael Breton & Strategic Capital Management—Cherry-Picking Scheme

Michael J. Breton & Strategic Capital Management Allegedly Orchestrated a Cherry-Picking Scheme via Data Analysis Implemented to Detect Suspicious Trading Patterns which Purportedly Defrauded Investors out of $1.3 Million

Michael Breton and his Strategic Capital Management allegedly orchestrated a so-called cherry-picking scheme via data analysis implemented to detect suspicious trading patterns, according to recent SEC Documents currently under review by attorneys Alan Rosca and James Booker.

Michael Breton, a Massachusetts-based investment adviser, and his Strategic Capital Management allegedly defrauded clients out of approximately $1.3 million, according to said SEC Documents.

Breton allegedly executed trades via a master brokerage account before allocating profitable trades to himself before purportedly putting unprofitable trades into client accounts, the SEC reports.

Joseph G. Sansone, Co-Chief of the SEC Enforcement Division’s Market Abuse Unit, made the following statement:

“As alleged in our complaint, Breton assured clients that he would put their interests first but did just the opposite, taking the firm’s most profitable trades for himself and dumping the losing trades on his clients. Our probing analytical work will continue to root out investment advisers who subject their clients to cherry-picking.”

The Peiffer Rosca Wolf securities lawyers are currently investigating Michael Breton’s alleged cherry-picking scheme.

Breton Allegedly Defrauded at Least 30 Clients over a Six-year Period; Breton Barred from the Securities Industry by the SEC

Breton allegedly defrauded at least 30 clients during a six-year stint as detailed by SEC Market Abuse Unit analysis, according to an SEC Complaint presently being examined by attorneys Alan Rosca and James Booker.

Breton allegedly purchased securities for his own accounts and the client accounts through a block trading or master account on days when public companies scheduled earnings announcements, said Complaint notes.

Breton also allegedly delayed allocation of these types of trades until later in the day after learning the substance of the announcement, the Complaint notes.

When companies made public disclaimers of positive earnings that would most likely increase the value of a stock, Breton would allegedly make disproportionate allocations of those trades to his accounts, according to the SEC’s complaint.

What is more, when a firm announced negative earnings that would most likely decrease the stock value, Breton would then also allegedly disproportionately allocate those trades to client accounts, the SEC Complaint states.

The SEC’s Complaint charges that Breton and Strategic Capital Management, based on the aforementioned behavior, allegedly violated Sections of the Securities Exchange Act and the Investment Advisers Act.  Hence, Breton and Strategic have agreed to be permanently enjoined from future misconduct, and Breton consented to the an SEC order barring him from the securities industry.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged trading schemes and are currently investigating Michael Breton and Strategic Capital Management’s alleged cherry-picking 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 Michael Breton and Strategic Capital Management’s alleged cherry-picking scheme may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2kWqkKZ
via Securitieslitigatos.com

Richard Gomez – Excessive Trading

Richard Gomez Allegedly Engaged in Excessive Trading of Three IRA’s; Gomez also Allegedly Engaged in Unethical Behavior via a Settlement Agreement

Richard Gomez allegedly engaged in several types of misconduct in four separate IRAs of three Avenir customers, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

The AWC also makes statements which allege that Gomez excessively traded the three IRAs belonging to clients known only as CW and DW.

Gomez also allegedly exercised discretion without written authority for a total of 222 trades in the same aforementioned IRAs, the AWC reports.

Furthermore, Gomez also allegedly implemented an unsuitable trading strategy in the IRA of a client only known as DK, the AWC notes.

Following purported complaints from DK, Gomez then allegedly engaged in unethical behavior when he allegedly executed a settlement agreement that he never intended to honor, the AWC states.

The Peiffer Rosca Wolf securities lawyers are currently investigating Gomez’s alleged excessive trading

Richard Gomez Suspended by FINRA for Allegedly Violating the Just and Equitable Principles of Trade

DW purportedly had a salary of $300,000, and, in December of 2013, allegedly discussed retirement accounts which were held, according to the aforementioned recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

Gomez allegedly solicited DW and his wife, CW, to transfer some of their retirement assets to accounts at Avenir, with Gomez as their registered rep, the AWC notes.

ln the same month, CW allegedly transferred funds from her separate brokerage account to open a new Avenir IRA with approximately $44,000, and in February 2014 CW also allegedly transferred additional cash from her separate brokerage account to open and fund a second Avenir IRA with approximately $750,000.

DW and CW each had an investment objective of “capital preservation,” and a “moderate” to “moderately aggressive” risk tolerance for their Avenir IRAs.

By reason of the foregoing, Gomez allegedly violated the just and equitable principles of trade and FINRA Rules, the AWC reports.

On October 30, 2015, Avenir filed with FINRA a Uniform Termination Notice for Securities Industry Registration reporting that the Firm had permitted Gomez to resign for having “no business for several months” and owing the Firm approximately $2,700, the AWC states.

One should also note that, according to the AWC, Richard Gomez neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of unsuitable recommendations and are currently investigating Richard Gomez alleged unsuitable recommendations and excessive trading. 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 Richard Gomez’s alleged unsuitable recommendations and excessive trading may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2jxLlyQ
via Securitieslitigatos.com

Charles Deremo—Unsuitable Recommendations

Charles Lee Deremo Allegedly Made Unsuitable Recommendations for an Elderly Customer

Charles Lee Deremo, between May 2011 and November 2013, allegedly made unsuitable recommendations for an elderly customer, known only as JL, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

The AWC further alleges that Charles Lee Deremo also allegedly made plans to move said customer’s funds back-and-forth between two subaccounts, the AWC states.

Said plans were allegedly based on his monitoring of certain factors in the precious metals market, and the most significant factor was the price of gold, the AWC notes.

The AWC gives an account of Deremo’s and JL’s agreement.

Deremo allegedly had obtained discretion to trade the entire account balance of JL’s variable annuity account and transfer cash between a money market subaccount and a precious-metals mining subaccount, and was dependent on various factors monitored by Deremo, the AWC reports.

For example, between May 2011 and August 2012, Deremo allegedly moved JL’s variable annuity funds between the Precious Metals Fund and a money market subaccount about once every other month, and in August of 2012, Deremo allegedly moved variable annuity funds back into the Precious Metals Funs, the AWC notes.

Between April 15, 2013 and June 4, 2013, Deremo allegedly moved JL’s funds between the Precious Metals Fund and a money market subaccount three times.

The Peiffer Rosca Wolf securities lawyers are currently investigating Charles Deremo’s unsuitable recommendations.

Deremo Suspended and Fined $5,000 and Ordered to Pay Restitution of $4,917 by FINRA for Allegedly Recommending Unsuitable Investment Strategy

Charles Lee Deremo, between May 2011 and November 2013, allegedly put JL’s investment in a Precious Metals Strategy which represented nearly half of the customer’s disclosed net worth of $268,000, according to the aforementioned recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

Hence, Deremo’ s recommendation of said strategy allegedly violated NASD and FINRA Rules, and therefore Deremo’s broker-dealer, Cadaret Grant also allegedly failed to enforce its written supervisory procedures, and thus also violated NASD and FINRA Rules, the AWC reports.

As a result, Deremo has been suspended and fined $5,000 and ordered to pay restitution of $4,917 by FINRA for allegedly recommending an unsuitable strategy, the AWC notes.

One should also note that, according to the AWC, Charles Lee Deremo neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of unsuitable recommendations and are currently investigating. 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 Charles Deremo’s unsuitable recommendations may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2kU8fxf
via Securitieslitigatos.com

Brian O’Neil Putt & O’Neil Capital Partners, L.P.—Sales of Unregistered Securities

Brian O’Neil Putt & O’Neil Capital Partners, L.P. Allegedly Sold Unregistered Securities, Failed to Return Funds, and also Borrowed Money from a Customer

Brian O’Neil Putt & O’Neil Capital Partners, L.P. allegedly sold unregistered securities, failed to return funds, and also allegedly borrowed money from a customer, according to Documents from the Tennessee Department of Commerce & Insurance currently under review by attorneys Alan Rosca and James Booker.

Brian O’Neil Putt & O’Neil Capital Partners, L.P. also allegedly were not honest regarding the nature of their transactions and did not abide by the noted terms of the aforementioned transactions, the aforementioned Documents note.

What is more, the Tennessee Department of Commerce & Insurance (TDCI) disciplinary action also further reports that Brian O’Neil Putt & O’Neil Capital Partners, L.P., based on the aforementioned alleged actions, allegedly violated securities laws.

Hence, TDCI issued a Final Order which purportedly imposes a $115,000 civil penalty against O’Neil Capital Partners and Putt, and orders them to cease and desist from any future activity in violation of the State of Tennessee’s securities laws.

The Peiffer Rosca Wolf securities lawyers are investigating Brian O’Neil Putt & O’Neil Capital Partners, L.P. alleged sale of unregistered securities.

O’Neil Capital Partners, L.P. Allegedly Never Registered as Broker-Dealer or Investment Advisor in Tennessee; Brian O’Neil Putt Was Allegedly Terminated from UBS after Obtaining Loans from Elderly Clients

O’Neil Capital Partners, L.P. allegedly was never registered as broker-dealer or investment advisor in Tennessee, according to Documents from the Tennessee Department of Commerce & Insurance presently being examined by attorneys Alan Rosca and James Booker.

In addition, Brian O’Neil Putt allegedly has a history with the law.

For example, Brian O’Neil Putt was allegedly terminated from UBS after obtaining loans from an elderly client between 2009 and 2010 for the amount of $58,000, according to the aforementioned Documents.

Furthermore, Brian O’Neil Putt then went on to allegedly make misrepresentations to aforementioned UBS client that the principal and interest had been returned to the client when the funds had purportedly not been paid, the Documents note.

In another case Brian O’Neil Putt provided investment services to a couple starting around 2002 or 2003, and in 2011 allegedly took in $100,000 for a short-term CD, the Documents allege.

By 2013 the couple asked for their cash and allegedly received a check for $100,000 plus $4,000 in interest, but the check was allegedly returned for holding insufficient funds, the Documents also report.

Brian O’Neil Putt was convicted in May of 2016 in a Shelby County Criminal Court of alleged theft of $60,000 and given eight years of probation, the Documents also state.

The Documents also further alleged that Brian O’Neil Putt also allegedly made no payments regarding any of his obligations before his conviction.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of unregistered securities sales and are currently investigating O’Neil Capital Partners, L.P. and Brian O’Neil Putt’s alleged sale of unregistered securities. 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 O’Neil Capital Partners, L.P. and Brian O’Neil Putt’s alleged sale of unregistered securities may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2jxM8Qa
via Securitieslitigatos.com

John Burns– Unsuitable and Unauthorized Investments

John E. Burns Allegedly Engaged in a Pattern of Unauthorized Trading in Nine Separate Customer Accounts

John Burns, between December 2013 and August 2015, allegedly engaged in a pattern of unauthorized trading in customer accounts, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) currently under review by attorneys Alan Rosca and James Booker.

The aforementioned AWC further alleges that John Burns allegedly engaged in a pattern of unauthorized trading in customer accounts nine separate customer accounts including unsuitable and risky investments for a senior couple.

John Burns, who entered the securities industry in March 2007, allegedly executed 100 unauthorized trades in nine customer accounts between December 2013 and August 2015, and allegedly did not hold written discretionary authority to execute trades in any of these customer accounts, the AWC reports.

What is more, John Burns had obtained some verbal authorization to exercise discretion generally in five customer accounts, but also allegedly exceeded said verbal authorization by executing trades in excess of the available funds in the account, the AWC notes.

Burns allegedly had some verbal authorization to exercise discretion generally, but allegedly exceeded that verbal authorization by executing trades in excess of the available funds in the account, the AWC states.

The Peiffer Rosca Wolf securities lawyers are currently investigating John Burns’ alleged unauthorized trading in customer accounts.

John Burns Suspended and Fined $17,500 by FINRA for Allegedly Making Over 50 Unsuitable and Unauthorized Investments

John Burns allegedly violated FINRA Rules when he allegedly made over 50 unsuitable and unauthorized investments over a two-year period, according to a recent FINRA Letter of Acceptance, Waiver and Consent (AWC) presently being examined by attorneys Alan Rosca and James Booker.

The aforementioned AWC further alleges that Burns violated FINRA Rules when he allegedly made over 50 unsuitable and unauthorized investments over a two-year period, and that said trades were allegedly executed in the account of a senior retired couple, both of whom were over 65 years of age, the AWC notes.

The aforementioned transactions allegedly involved investments in small drug company stocks, the AWC reports.

The customers, however, held a moderate risk tolerance in their investment profile and said trades were allegedly high-risk, the AWC states.

Said customers also allegedly took in sustained losses in all but one of the investments exceeding $50,000 in aggregate, the AWC notes.

As a result of the aforementioned alleged violations of FINRA Rules, John Burns was suspended and fined $17,500 by FINRA for allegedly making over 50 unsuitable and unauthorized investments, according to a recent FINRA Letter of Acceptance, Waiver and Consent presently being examined by attorneys Alan Rosca and James Booker.

The AWC further reports that the fine will be “due and payable either immediately upon re-association with a member firm, or prior to any application or request for relief from any statutory disqualification resulting from this or any other event or proceeding, whichever is earlier.”

John Burns also has quite a history of customer disputes, according to his FINRA BrokerCheck Report.

For example, John Burns, according to the aforementioned BrokerCheck report, allegedly has 6 customer disputes starting in 2014 for unsuitable investments among other allegations.

In sum, the aforementioned cases resulted in alleged unauthorized trading and unsuitability with damages amount requested ranging from $7,000 to $500,000, according to Burns’ FINRA BrokerCheck Report.

What is more, Burns also allegedly filed for bankruptcy, his BrokerCheck report notes.

Furhtermore, Burns was registered with Ameriprise Financial services in Chesterfield, Missouri from August 2014 through October, 2015 and was also registered with Sagepoint Financial Inc. in Wentzville, Missouri from October 2015 through November of 2015, the AWC states.

Finally,  from September 2011 through August of 2014 Burns was registered with UBS Financial Services in Chesterfield, Missouri, he AWC also states.

One should also note that, according to the AWC, John Burns neither admitted nor denied the FINRA findings.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged acts of unauthorized trading in customer accounts and are currently investigating John Burn’s alleged acts of unauthorized trading in customer accounts. 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 John Burn’s alleged acts of unauthorized trading in customer accounts may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2kUqWAP
via Securitieslitigatos.com

Brian Hudnall and JBH Consulting Group LLC— Materially False and Misleading Statements

Brian S. Hudnall and JBH Consulting Group LLC Allegedly Made Materially False and Misleading Statements to Potential Investors with the Hopes of Selling Securities in Multiple Oil and Gas Offerings which Purportedly Raised More than $16 Million

Brian Hudnall and JBH Consulting Group LLC, from September 2008 through at least 2014, allegedly misled potential investors with the intention of selling securities in multiple oil and gas offerings, according to an SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

None of the aforementioned securities offerings offered by Brian Hudnall and JBH Consulting Group LLC, or so-called “joint ventures”, were registered with the SEC, according to the aforementioned SEC Complaint.

JBH Consulting Group LLC, a Liberty, Missouri company and JBH’s President and CEO, allegedly raised more than $16 million from investors for the aforementioned oil and gas well projects in Kansas and Texas, and is purportedly being sued for violating federal securities laws, the SEC Complaint reports.

JBH and Hudnall allegedly made solicitations in the investments from scores of people across America, and Hudnall allegedly personally took in more than $3 million, the Complaint notes.

What is more, Hudnall and none of the other persons selling the securities were allegedly licensed or associated with registered brokers, the Complaint reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating Brian Hudnall and JBH Consulting Group LLC’s alleged materially false and misleading statements.

JBH Consulting Group LLC Allegedly Masked “Substantial Markups” which Were Charged to Investors and also Failed to Disclose Discounts and other “Favorable Side Deals” Made with Investors

JBH Consulting Group LLC allegedly masked “substantial markups” which were charged to investors and also allegedly failed to disclose discounts and other “avorable side deals” made with investors, according to the aforementioned SEC Complaint presently being examined by attorneys Alan Rosca and James Booker.

JBH and Hudnall, the Complaint reports, allegedly made numerous materially false and misleading statements which included:

• falsely representing that title to “joint venture” assets would be held by the “joint ventures”;

• misrepresenting the costs of the offerings and how Defendants would use investor funds;

• hiding substantial (30-50%) markups Defendants charged to investors;

• understating the amount of working interest in the wells Defendants retained for themselves; and

• failing to disclose discounts and other favorable side deals made with certain investors, some of whom were Defendants friends and relatives.

As a result, the SEC is purportedly seeking permanent injunctions, disgorgement plus pre- and post-judgment interest, and civil penalties for Defendants’ violations of the Securities Act and the Securities Exchange Act, the Complaint reports.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of misleading statements and re currently investigating Brian Hudnall and JBH Consulting Group LLC’s allegedly false and materially misleading statements. 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 Brian Hudnall and JBH Consulting Group LLC’s allegedly false and materially misleading statements may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2kXayPt
via Securitieslitigatos.com

DWAYNE EDWARDS’S ALLEGED FRAUDULENT BOND OFFERINGS ARE UNDER INVESTIGATION BY PEIFFER ROSCA WOLF SECURITIES LAWYERS

Dwayne Edwards is alleged to have improperly commingled and siphoned funds from investors in municipal bond offerings for senior living facilities as set forth in a complaint filed by the Securities Exchange Commission in federal court. The SEC filed its complaint against Dwayne Edwards on January 20, 2017 and alleged that Dwayne Edwards made false statements concerning bond offerings that raised over $62 million for the purchase and renovation of facilities in Alabama and Georgia.  A receiver has been appointed and the Court has temporarily frozen the assets of Dwayne Edwards pending additional rulings in the case.

The Peiffer Rosca Wolf securities lawyers are investigating Dwayne Edwards’s bond offerings.

Dwayne Edwards investors have been in contact with the Peiffer Rosca Wolf securities lawyers regarding the bond offerings.  Peiffer Rosca Wolf lawyers are investigating potential actions that Dwayne Edwards investors can take to recover investments in the bonds.

Securities Lawyers Investigating

Peiffer Rosca Wolf lawyers often represent investors who lose money as a result of fraudulent investment schemes and are currently investigating the alleged fraudulent scheme conducted by Dwayne Edwards. Our firm takes most cases of this type on a contingency fee basis and advances the case costs.  The firm only gets paid for fees and costs out of money the firm recovers for clients.

Investors who believe they lost money as a result of Dwayne Edwards’s alleged investment fraud scheme are encouraged to contact Alan Rosca or James Booker in the Cleveland office of Peiffer Rosca Wolf, for a free no-obligation evaluation of their recovery options, at 888-998-0520 or jbooker@prwlegal.com.

from Investment Fraud Lawyers | Investor Loss Recovery http://ift.tt/2kW8Uxh
via Securitieslitigatos.com