{"id":275,"date":"2015-03-19T19:33:12","date_gmt":"2015-03-19T19:33:12","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=275"},"modified":"2015-03-19T19:33:12","modified_gmt":"2015-03-19T19:33:12","slug":"over-44m-lost-in-alleged-investment-adviser-scam-involving-total-wealth-management","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/over-44m-lost-in-alleged-investment-adviser-scam-involving-total-wealth-management\/","title":{"rendered":"Over $44M Lost in Alleged Investment Adviser Scam Involving Total Wealth Management"},"content":{"rendered":"

\t\t\t\tAccording to a court-appointed receiver, investors who were the victim of a financial scam allegedly run by Total Wealth Management founder Jacob Cooper lost more than $44 million of assets. The investors are suing Cooper and other principals of the investment adviser.<\/p>\n

Cooper pursued investors using \u201cUncommon Wealth,\u201d his weekly radio show in which he\u2019d discuss retirement planning. According to InvestmentNews, He capitalized on his past history as an Eagle Scout, as well as he was a Mormon and his dad had been in the U.S. Marine Corps, to grow a more than $100 million business with over 600 clients.<\/p>\n

Cooper and other firm principals allegedly pooled about 6% of the $100 million and placed them in the Altus Funds, which are proprietary investment funds. These funds then invested in unsuccessful ventures, as well as in Private Placement Capital Notes-the latter did pay interest until two years ago.<\/p>\n

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

According to a court-appointed receiver, investors who were the victim of a financial scam allegedly run by Total Wealth Management founder Jacob Cooper lost more than $44 million of assets. The investors are suing Cooper and other principals of the investment adviser. Cooper pursued investors using \u201cUncommon Wealth,\u201d his weekly radio show in which he\u2019d […]<\/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":[3781],"tags":[],"class_list":["post-275","post","type-post","status-publish","format-standard","hentry","category-investment-advisers"],"yoast_head":"\nOver $44M Lost in Alleged Investment Adviser Scam Involving Total Wealth Management — Investor Lawyers Blog — March 19, 2015<\/title>\n<meta name=\"description\" content=\"According to a court-appointed receiver, investors who were the victim of a financial scam allegedly run by Total Wealth Management founder Jacob Cooper — March 19, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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