Versity Investments | Investment Loss & Recovery | Shepherd Smith Edwards & Kantas

Video Transcript:

Have you invested in a varsity DST or Delaware statutory trust? Are you a retiree who lost a portion of your savings after being sold a seemingly safe investment? You may be a victim of a fraudulent or unsuitable investment recommendation and you could be part of a major investment fraud investigation that could cost investors over $56 million. Leading investor law firm Shepherd Smith Edwards and Kantas is investigating allegations of a massive investment fraud involving Versity Investments, now known as Crew Enterprises. The firm along with CEO Blake Whittening and COO Taniel Gunro is being sued over allegations that they misappropriated more than 56 million in funds raised from investors. The core allegation that the money was illegally diverted away from real estate deals and allegedly for the founders's own personal use. Versity specialized 1:011 minute, 1 secondin real estate offerings, specifically student housing and multif family properties. These investments are structured as complex, high-risk, illlquid alternative investments called Delaware statutory trusts or DSTs. These types of complex private placements were only supposed to be sold to accredited investors. But because DSTs often pay high commissions, some broker dealers may have improperly recommended them to everyday retail and ZEP investors, conservative retirees, or those without the necessary experience. The central issue is that the investment was simply unsuitable for many of the people who bought it. If you invested in university DSTs, you need to understand your rights. If your financial adviser failed to explain the risks, misrepresented this product, or recommended it when it was unsuitable for you, you may have a claim to recover losses against the broker dealer itself. The law firm of Shepherd Smith Edwards & Kantas is actively representing investors who have suffered losses in Versity offerings. Don't wait. You can request a free confidential case consultation by calling the number on your screen or visiting the website.