Ponzi Fraud Lawyers

Are You Still Waiting To Recoup Your Losses In The Alleged GWG Ponzi Scam?

Our Skilled Ponzi Fraud Lawyers Are Continuing to Sue Brokerage Firms On Behalf Of Investors

Shepherd Smith Edwards and Kantas team of Ponzi Fraud Lawyers (investorlawyers.com) recently filed another three FINRA lawsuits over investor losses sustained related to GWG L Bonds. The claimants include:

• A Minnesota investor is pursuing up to $500K in damages from Moloney Securities. He alleges that his financial advisor prioritized earning high commissions while taking advantage of his inexperience to allegedly unsuitably recommend GWG L Bonds while misrepresenting the risks. GWG Holdings, which filed for bankruptcy protection last year, is accused of defrauding tens of thousands of investors even as the broker-dealers that marketed and sold its high-yield junk bonds made a lot of money off their sales.
• Several investors are also suing Moloney Securities, as well as former broker Donald Ray Morgan. They are seeking up to $1M in damages. Their allegations include unsuitability, misrepresentations, and other claims. Morgan also is accused of unsuitably recommending GPB Automotive Portfolio from GPB Capital Holdings, which is accused of defrauding more than 17,000 investors in a Ponzi scam involving its private placement funds. These are not the first FINRA arbitration claims we have brought against Moloney on behalf of investors.
• A Florida retiree who is suing SW Financial for up to $500K. She said that despite telling her broker Felipe Nerry Arrieta that she wanted the kind of investments that were safe and would ensure her financial security, he recommended GWG L Bonds, which were illiquid and high-risk.

How Do You Know Whether You Can Sue Your Broker Over Your Losses in A Ponzi Fraud?

For over 30 years, our skilled Ponzi Fraud Lawyers have helped victims of Ponzi scams to pursue damages from financial advisors whose negligence or wrongful actions contributed to their portfolio losses. Even if your stockbroker was not directly involved in operating the scheme, if they committed due diligence failures that caused you to place funds in what turned out to be an investment fraud, you may be able to sue them and their broker-dealers for damages.

For example, dozens of regional brokerage firms marketed and sold GWG L Bonds to investors. Many of those who were harmed were retirees, novice investors, and older investors who are now saying they thought they had placed their funds in financial instruments that were safe and low-risk. Instead, they are reporting huge losses.

Shepherd Smith Edwards and Kantas would like to offer you a free, no-obligation case consultation to help you determine whether your Ponzi scam losses warrant pursuing financial recovery from your stockbroker.

Why Work With Our Seasoned Broker Fraud Attorneys?

For over three decades, our investment fraud law firm has been fighting for investors like you. With over 100 years’ worth of combined experience in securities law and the securities industry, we have the resources, skills, and knowledge to take on even the largest Wall Street firms and the most complex kinds of investor loss claims.

 

Over the past year, our trusted GWG L bond investor loss lawyers have been going after the brokerage firms that sold these high-yield bonds to their customers. This means that if we decide to work together you will become part of our unit of claims in which you will be represented by our entire securities law firm. Not only that but also, rest assured that you will receive customized personal attention.

Call (800) 259-9010 today or contact us online.