{"id":28612,"date":"2022-09-16T10:18:13","date_gmt":"2022-09-16T15:18:13","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=28612"},"modified":"2022-09-16T10:18:13","modified_gmt":"2022-09-16T15:18:13","slug":"finra-attorneys-victory","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/finra-attorneys-victory\/","title":{"rendered":"Oppenheimer Ordered To Pay $36.7M to Eight Investors of Alleged Horizon Private Equity III Ponzi Scam"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Customers Were Sold Private Equity Shares By Ex-Georgia Broker and Southport Capital Investment Adviser John Woods\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A Financial Industry Regulatory Authority (FINRA) arbitration panel in Atlanta has ordered <\/span><a href=\"https:\/\/link.edgepilot.com\/s\/5497cdd4\/CqPIqOI-MUyyoNqHYBw0Ng?u=https:\/\/www.investorlawyers.com\/oppenheimer-co.html\"><span style=\"font-weight: 400;\">Oppenheimer &amp; Co.<\/span><\/a><span style=\"font-weight: 400;\"> to pay several investors $36.7M in the wake of losses sustained in the alleged $110M Horizon Private Equity III Ponzi Scheme. The investment fraud was allegedly run by its former Georgia stockbroker <\/span><a href=\"https:\/\/link.edgepilot.com\/s\/7eb04cef\/lTyu_RkarUuHt-11r8ZN5w?u=https:\/\/brokercheck.finra.org\/individual\/summary\/1949233\"><span style=\"font-weight: 400;\">John Justin Woods<\/span><\/a><span style=\"font-weight: 400;\"> for several years, including while he was under the firm&#8217;s supervision. This award is six times what the claimants had sought.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The investors had originally asked for punitive damages and $6M in compensatory damages after accusing the firm of broker-dealer negligence, and other claims, as well as of violating the <\/span><a href=\"https:\/\/link.edgepilot.com\/s\/3d3ce2ee\/JimPXUZMVUO8GIcFgI6vnQ?u=https:\/\/law.justia.com\/codes\/georgia\/2010\/title-16\/chapter-14\"><span style=\"font-weight: 400;\">Georgia Racketeer Influenced and Corrupt Organizations Act<\/span><\/a><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/finra-attorneys-victory\/\"  title=\"Continue Reading Oppenheimer Ordered To Pay $36.7M to Eight Investors of Alleged Horizon Private Equity III Ponzi Scam\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Customers Were Sold Private Equity Shares By Ex-Georgia Broker and Southport Capital Investment Adviser John Woods\u00a0 A Financial Industry Regulatory Authority (FINRA) arbitration panel in Atlanta has ordered Oppenheimer &amp; Co. to pay several investors $36.7M in the wake of losses sustained in the alleged $110M Horizon Private Equity III Ponzi Scheme. The investment fraud [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":28613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3762,3792],"tags":[2872],"class_list":["post-28612","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-investigations","category-ponzi-scams","tag-ponzi-scam"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Victory Over Alleged Horizon Private Equity III Ponzi Scam<\/title>\n<meta name=\"description\" content=\"A FINRA panel has ordered Oppenheimer &amp; Co. to pay investors $36.7M in the wake of losses sustained in the alleged Horizon Private Equity III Ponzi Scheme.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/finra-attorneys-victory\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Victory Over Alleged Horizon Private Equity III Ponzi Scam\" \/>\n<meta name=\"twitter:description\" content=\"A FINRA panel has ordered Oppenheimer &amp; 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