{"id":1469,"date":"2014-06-19T15:46:25","date_gmt":"2014-06-19T15:46:25","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2014\/06\/boston_investment_firm_accused"},"modified":"2022-03-11T13:12:10","modified_gmt":"2022-03-11T19:12:10","slug":"boston-investment-firm-accused","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/boston-investment-firm-accused\/","title":{"rendered":"Boston Investment Firm Accused of $5 Million Real Estate Investment Fraud Targeting Senior Investors"},"content":{"rendered":"

\t\t\t\tThe state of Massachusetts has filed a complaint against Cabot Investment Properties and its principals Timothy J. Kroll and Carlton P. Cabot. Secretary of the Commonwealth William F. Galvin is charging the firm with defrauding mostly elderly investors through fraudulent real estate investment sales. <\/p>\n

The administrative complaints contends that Massachusetts residents wanting retirement income invested over $5 million in eight tenancy-in-common investments and misappropriated more than $9 million of the investment proceeds. Cabot Investment Properties had bought 18 business centers, malls, and other real estate properties in the US and structured them as securities. <\/p>\n

Galvin claims that the respondents committed fraud when offering and selling the securities and made omissions and misrepresentations about their backgrounds and the consequences involved in securitizing the underlying TIC mortgages into commercial mortgage-backed securities. He contends that they misled investors by providing disclosures that downplayed how much liability was involved.<\/p>\n

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

The state of Massachusetts has filed a complaint against Cabot Investment Properties and its principals Timothy J. Kroll and Carlton P. Cabot. Secretary of the Commonwealth William F. Galvin is charging the firm with defrauding mostly elderly investors through fraudulent real estate investment sales. The administrative complaints contends that Massachusetts residents wanting retirement income invested […]<\/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":[3759,3803],"tags":[],"class_list":["post-1469","post","type-post","status-publish","format-standard","hentry","category-reits","category-senior-investors"],"yoast_head":"\nBoston Investment Firm Accused of $5 Million Real Estate Investment Fraud Targeting Senior Investors — Investor Lawyers Blog — June 19, 2014<\/title>\n<meta name=\"description\" content=\"The state of Massachusetts has filed a complaint against Cabot Investment Properties and its principals Timothy J. Kroll and Carlton P. Cabot. 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