{"id":1277,"date":"2013-07-03T10:44:37","date_gmt":"2013-07-03T10:44:37","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2013\/07\/texas_securities_fraud_death_o"},"modified":"2025-02-10T12:15:16","modified_gmt":"2025-02-10T18:15:16","slug":"texas-securities-fraud-death-o","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/texas-securities-fraud-death-o\/","title":{"rendered":"Texas Securities Fraud?: Death of Private Wealth Manager with Invesco Ltd. Reveals that Millions of Dollars May Be Missing"},"content":{"rendered":"

\t\t\t\tThe passing of S. Mark Powell, who runs Invesco Ltd.’s (IVZ) Atlantic Trust Private Wealth Management, has exposed the vulnerabilities of some of the wealthiest members of Texas’s investment community. Powell was found dead in May, and, since then, investors have been stepping forward to say they lent him millions of dollars, some of which seem to have disappeared. <\/p>\n

A spokesperson for Invesco issued a statement after Powell’s passing saying that the company now knows about “unusual transactions” that the fund manager seems to have been involved in outside his work with the fund management company, and it has notified the authorities of the possible Texas securities fraud<\/a>. However, Invesco says that it has no reason to think that its clients’ accounts were impacted.<\/p>\n

The Wall Street Journal<\/em> says that a number of wealthy Texas investors have said that they know of dozens of others like them that had entrusted Powell to invest their money. Powell reportedly offered different kinds of private ventures while offering large guaranteed returns. One downside of investing in such ventures is that they can come with some significant risks. Investors in Dallas, Austin, Houston, and other Texas cities may be affected. Please contact our Texas securities lawyers<\/a> at Shepherd Smith Edwards and Kantas, LTD, LLP to request your free case evaluation.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The passing of S. Mark Powell, who runs Invesco Ltd.’s (IVZ) Atlantic Trust Private Wealth Management, has exposed the vulnerabilities of some of the wealthiest members of Texas’s investment community. Powell was found dead in May, and, since then, investors have been stepping forward to say they lent him millions of dollars, some of which […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3750],"tags":[],"class_list":["post-1277","post","type-post","status-publish","format-standard","hentry","category-texas-securities-fraud"],"yoast_head":"\nTexas Securities Fraud?: Death of Private Wealth Manager with Invesco Ltd. Reveals that Millions of Dollars May Be Missing — Investor Lawyers Blog — July 3, 2013<\/title>\n<meta name=\"description\" content=\"The passing of S. 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