{"id":4799,"date":"2017-10-20T17:49:54","date_gmt":"2017-10-20T22:49:54","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=4656"},"modified":"2022-04-01T12:50:05","modified_gmt":"2022-04-01T17:50:05","slug":"massachusetts-accuses-investment-adviser-venture-capital-fraud","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/massachusetts-accuses-investment-adviser-venture-capital-fraud\/","title":{"rendered":"Massachusetts Accuses Investment Adviser of Venture Capital Fraud"},"content":{"rendered":"

Secretary of the Commonwealth of Massachusetts William Galvin has filed civil fraud charges against Moser Capital Management and investment adviser Nicklaus J. Moser. Galvin\u2019s office is accusing Moser and his firm of fraud involving two venture capital funds: the Moser Capital Fund, LLC and the Moser Capital Fund II, LLC.<\/p>\n

The state regulator claims that the respondents engaged in fraudulent conduct and breached their fiduciary duties. The breaches alleged include making misrepresentations and omissions to investors and prospective investors by providing misleading information, not getting \u201cvalid investor signatures\u201d when receiving more capital contributions, and charging a performance fee to the non-qualified account of an advisory client.<\/p>\n

According to Galvin\u2019s office, Moser set up the funds to raise cash for start-up companies. The investment adviser was allegedly a sales representative at a company that sold products to startup ventures, but he did not tell investors that he had financial reasons for making sure that the start-ups in operation.<\/p>\n

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

Secretary of the Commonwealth of Massachusetts William Galvin has filed civil fraud charges against Moser Capital Management and investment adviser Nicklaus J. Moser. Galvin\u2019s office is accusing Moser and his firm of fraud involving two venture capital funds: the Moser Capital Fund, LLC and the Moser Capital Fund II, LLC. The state regulator claims that […]<\/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":[3781,3741,3803],"tags":[],"class_list":["post-4799","post","type-post","status-publish","format-standard","hentry","category-investment-advisers","category-securities-fraud","category-senior-investors"],"yoast_head":"\nMassachusetts Accuses Investment Adviser of Venture Capital Fraud — Investor Lawyers Blog — October 20, 2017<\/title>\n<meta name=\"description\" content=\"Secretary of the Commonwealth of Massachusetts William Galvin has filed civil fraud charges against Moser Capital Management and investment adviser — October 20, 2017\" \/>\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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