{"id":6817,"date":"2019-02-11T13:00:12","date_gmt":"2019-02-11T19:00:12","guid":{"rendered":"https:\/\/www.investorlawyers.com\/?p=6817"},"modified":"2019-02-11T13:00:12","modified_gmt":"2019-02-11T19:00:12","slug":"statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/","title":{"rendered":"Statim Holdings Is Accused of Defrauding Private Fund Arjun and Its Investors"},"content":{"rendered":"<p>\t\t\t\tThe <a href=\"https:\/\/www.sec.gov\" target=\"_blank\" rel=\"noopener noreferrer\">US Securities and Exchange Commission<\/a> has filed civil charges against Statim Holdings, Inc. and its owner Atlanta investment adviser, Joseph A. Meyer. The regulator is accusing them of defrauding the private fund Arjun L.P., which they managed, and its investors.<\/p>\n<p>Arjun, set up by Meyer in 2007, is a pooled investment vehicle. Its records indicate that its assets under management have never gone over $45M. By the middle of 2009, about 40 investors had invested in the fund, which had lost almost 36% of its value as a result of trading losses.<\/p>\n<p>However, Meyer reported high return rates for Arjun, which caused investors to jump on board. In 2015,\u00a0<em>Bloomberg News a<\/em>nd other services even ranked Arjun as among the best performing hedge funds. Yet it was also at around this time that then-Georgia Secretary of State Brian Kemp, who is now governor, notified <em>Bloomberg <\/em>that his office was looking into \u201cirregularities\u201d involving Arjun and its owner. The following year, <em>Bloomberg <\/em>raised questions about Arjun\u2019s performance. In 2017, the SEC opened its own probe into the hedge fund firm and its owner.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/\"  title=\"Continue Reading Statim Holdings Is Accused of Defrauding Private Fund Arjun and Its Investors\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission has filed civil charges against Statim Holdings, Inc. and its owner Atlanta investment adviser, Joseph A. Meyer. The regulator is accusing them of defrauding the private fund Arjun L.P., which they managed, and its investors. Arjun, set up by Meyer in 2007, is a pooled investment vehicle. Its records [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":315,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3748,3760],"tags":[3279,3280,3281],"class_list":["post-6817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hedge-funds","category-sec-enforcement","tag-arjun","tag-lp","tag-statim-holdings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Statim Holdings Is Accused of Defrauding Private Fund Arjun and Its Investors &#8212; Investor Lawyers Blog &#8212; February 11, 2019<\/title>\n<meta name=\"description\" content=\"The US Securities and Exchange Commission has filed civil charges against Statim Holdings, Inc. and its owner Atlanta investment adviser, Joseph A. Meyer.\" \/>\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\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Statim Holdings Is Accused of Defrauding Private Fund Arjun and Its Investors &#8212; Investor Lawyers Blog &#8212; February 11, 2019\" \/>\n<meta name=\"twitter:description\" content=\"The US Securities and Exchange Commission has filed civil charges against Statim Holdings, Inc. and its owner Atlanta investment adviser, Joseph A. Meyer.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/03\/sseklaw-justice-header.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Statim Holdings Is Accused of Defrauding Private Fund Arjun and Its Investors &#8212; Investor Lawyers Blog &#8212; February 11, 2019","description":"The US Securities and Exchange Commission has filed civil charges against Statim Holdings, Inc. and its owner Atlanta investment adviser, Joseph A. 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Meyer.","twitter_image":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/03\/sseklaw-justice-header.jpg","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Statim Holdings Is Accused of Defrauding Private Fund Arjun and Its Investors","datePublished":"2019-02-11T19:00:12+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/"},"wordCount":624,"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/03\/sseklaw-justice-header.jpg","keywords":["Arjun","LP","Statim Holdings"],"articleSection":["Hedge Funds","SEC Enforcement"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/","url":"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/","name":"Statim Holdings Is Accused of Defrauding Private Fund Arjun and Its Investors &#8212; Investor Lawyers Blog &#8212; February 11, 2019","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/#primaryimage"},"image":{"@id":"https:\/\/www.investorlawyers.com\/blog\/statim-holdings-is-accused-of-defrauding-private-fund-arjun-and-its-investors\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2018\/03\/sseklaw-justice-header.jpg","datePublished":"2019-02-11T19:00:12+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"The US Securities and Exchange Commission has filed civil charges against Statim Holdings, Inc. and its owner Atlanta investment adviser, Joseph A. 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