Broker-Dealer Negligence Attorneys

Investor Alert!  Andrew Jacobus Alleged $200 Million Ponzi Scheme

Are you a victim of Andrew Jacobus and his alleged Ponzi scheme?  Shepherd Smith Edwards & Kantas Broker-Dealer Negligence Attorneys are Representing Investors Against those who facilitated this scheme, including suing Interactive Brokers

If you invested money with former Florida registered investment adviser Andrew Jacobus (Jacobus) of FINSER Asset Management and FINSER International Corporation or invested through one of Jacobus’ other enterprises, such as Kronus Financial or the Corfiser SIMI Fund B.V., you may be able to pursue damages against those who allegedly facilitated his fraud.  For example, many investors held accounts with Jacobus through firms like Interactive Brokers LLC (Interactive Brokers) and Charles Schwab & Company, Inc. (Schwab).   Our investigation has uncovered that those broker-dealers unwittingly enabled Jacobus to target his victims and allegedly steal almost all of the funds left in safekeeping with those firms.

Jacobus is believed to have stolen some of his victims’ funds by using their login information at Interactive Brokers and other broker-dealers while also potentially forging documents and taking over accounts unlawfully. While a number of those who suffered losses are Venezuelan investors, he also may have targeted U.S. citizens and other foreign nationals.

Shepherd Smith Edwards & Kantas (investorlawyers.com) is representing a number of these investors in their FINRA lawsuits against the brokerage firms that allowed this theft to occur.  While some investors are suing Jacobus individually or seeking compensation from his various entities, there is significant concern that neither Jacobus nor his entities have assets sufficient to repay these losses.  As a result, victims need to file claims against those who facilitated this alleged theft.

Why You Need To Work With Seasoned Broker-Dealer Negligence Attorneys

Recently, a Miami judge enforced an $18 million settlement agreement related to Jacobus’ purported $200 million Ponzi fraud. The plaintiff was told to expect a yearly return on investment of 12%, payable monthly. Instead, the former financial advisor allegedly stole the client’s money. Additionally, at Jacobus’ recommendation, this investor placed some of his money in a Schwab account. From there, Jacobus allegedly fraudulently gained total access to his portfolio, forged a power of attorney, liquidated the securities, and stole the funds. The investor’s broker negligence lawsuit against Charles Schwab remains pending.

Proving losses in a Ponzi scam is always challenging, which is why you want to work with a trusted investment loss recovery law firm that will fight for you. Even if a broker-dealer was not directly involved in perpetuating the financial scam, if their due diligence deficiencies, failure to supervise, breach of fiduciary duty, inadequate security protocols, or other negligence enabled your investor losses, you may be able to sue for damages.

Our knowledgeable investment fraud law firm represents investors against brokerage dealers in arbitration, litigation, and mediation. We work with both foreign nationals and U.S. investors in fighting for their financial recovery. We have the resources and skills to represent clients in even the most complex types of investor loss claims.

When you retain the Broker-Dealer Negligence Attorneys from Shepherd Smith Edwards & Kantas, you are hiring one of the most seasoned securities firms in the United States. We have represented investors in thousands of matters and collectively recovered hundreds of millions of dollars for our clients.

When you hire us, you won’t be working with just one attorney. You will be represented by our entire securities law firm. More than 90% of the investors we have worked with have received full or partial financial recovery.

How To Contact Us Our Broker-Dealer Negligence Attorneys:

To request your free, no-obligation case consultation:

In the US: (800) 259-9010

International via WhatsApp (text only): 713-227-2400

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