Reg D Investment Loss Recovery Lawyers

Latest Bankruptcy Filing Accuses iCap of Running A Ponzi Fraud. Our Reg D Investment Loss Recovery Lawyers Want To Help You Explore Your Legal Options

According to Paladin, the restructuring company now overseeing iCap, the real estate investment firm was allegedly a Ponzi scam that defrauded investors. The Seattle Times reports that Paladin and lawyers for iCap investors made this accusation in recent bankruptcy filings submitted in late March. iCap founder and its former CEO Chris Christensen denies this.

Shepherd Smith Edwards and Kantas (investorlawyers.com) are investigating allegations against iCap. We are offering a free, no-obligation case assessment to investors who want help in determining whether they should sue the broker-dealers that allegedly unsuitably marketed and sold iCap securities to them.

Established in 2011, iCap, which is based in Washington State, raised funds from investors with the promise to put their money into real estate projects in the Seattle area. A number of these properties were purportedly never fully developed.

These real estate investments were Regulation D private placements, which made them unsuitable investments unless you were an accredited investor who had enough money to potentially weather the high risk of loss and possessed the investing experience to understand what these offerings involved.

At some point, investors stopped receiving their monthly interest payments. In September 2023 iCap filed for Chapter 11 bankruptcy protection.

It is believed that iCap may owe about 1800 investors approximately $250M. Those who invested include Chinese Americans and Chinese citizens who are contending that they were targeted. Some were under the belief that they could earn their green cards under the EB-5 Immigrant Investor Program if they invested in iCap.

Accountant Jeffrey Kinrich, a consultant who was retained to look at iCap’s internal records, stated in a declaration that, in recent years, the majority of iCap’s money came from investors as opposed to real estate projects. He also alleges that these funds were used to pay investors in a Ponzi-like fashion.

ICap promised high-interest return rates and reportedly paid brokers up to 10% in commissions for marketing and selling these investments to customers:

• iCap
• iCap Broadway
• iCap Campbell Way
• iCap Equity
• iCap Funding
• iCap Holding
• iCap Holding 5
• iCap Holding 6
• iCap Investments
• iCap Management
• iCap Pacific Development
• iCap Pacific Income 4 Fund
• iCap Pacific Income 5 Fund
• iCap Northwest Opportunity Fund
• iCapPacific Northwest Opportunity and Income Fund

•  iCapPacific NW Management
•  iCapRealty
•  iCapVault
•  iCapVault1
•  iCapVault Management
•  Senza Kenmore
•  UW 17^thAVE
•  Vault Holding1
•  VH 1121
•  VH 2^ndStreet Office
•  VH Pioneer Village
•  VH Senior Care
•  VH Willows Townhomes
•  VH Vault Holding
•  725 Broadway

How Can Our Seasoned iCap Ponzi Fraud Attorneys Help?

Over the years, Shepherd Smith Edwards and Kantas Reg D Investment Loss Recovery Lawyers have represented both Reg D investments and Ponzi fraud victims in recouping the damages they suffered because of broker fraud or negligence. The brokerage firms that sold iCap private placements should have performed the proper due diligence and refrained from making unsuitable investment recommendations to retail investors, unsophisticated investors who wanted to become US immigrants, retirees, and seniors. They should have also properly looked into iCap and its many investments to detect any red flags, including signs of a possible financial scam.

Bankruptcy proceedings are time-consuming, and at the end of it all who knows how much, if anything, an investor might get back. What you may be able to do, however, is to hold your broker-dealer liable. Our trusted iCap investor lawyers can help you determine whether you have grounds for a claim. If we decide to work together, we will provide you with solid securities law representation and fight for the damages you are owed.

Over the decades, our Reg D Investment Loss Recovery Lawyers have helped thousands of investors to collectively recover many millions of dollars through awards and settlements.

Call our Reg D Investment Loss Recovery Lawyers at (800) 259-9010 today.