Misappropriation From Private Funds | Goldman, Scarlato & Penny P.C.

Misappropriation From Private Funds

Donald s. Laguardia, jr. A lavallette, new jersey resident, allegedly controlled the investment adviser, l-r managers, llc, and allegedly misappropriated investor money from private funds advised by l-r managers and from subscriptions intended to be invested in one of the funds, according to an sec report under review by investor rights attorney alan rosca.
​Donald s. Laguardia, jr., a founder and managing principal of a new york-based investment adviser, specifically, allegedly misappropriated approximately $2.6 million from investors and then purportedly concealed part of the misappropriation through fraudulent accounting devices, the sec reports.

Resource URL:




Comments

Post a Comment

Popular posts from this blog

Ponzi Schemes Lawyers in Philadelphia PA | Goldman, Scarlato & Penny P.C.

Image
  PONZI SCHEME  LAWYERS We often represent investors who have lost money in Ponzi schemes.   Investor rights lawyer Alan Rosca, one of the firm’s partners, has represented thousands of victims of Ponzi schemes. Ponzi schemes are fraudulent investment programs in which unscrupulous promoters pay supposed returns to existing investors with money raised from new investors, in effect “robbing Peter to pay Paul.” Ponzi schemes are by definition unsustainable and fraudulent. They are unsustainable because they depend on the promoters’ ability to continuously recruit new investors to be able to pay returns to existing investors.  As the size of the scheme grows, the distribution payments to existing investors grow ever larger, and at some point the promoters become unable to recruit sufficient investors to cover those distribution payments. At that point, the Ponzi scheme runs out of steam and collapses. Ponzi schemes are inherently fraudulent because new investors are not told that their mon
Read more

Areas of Legal Practice in Philadelphia | Goldman, Scarlato & Penny P.C.

Image
Nationwide Investor Representation Did you lose money as a result of investment fraud, corporate wrongdoing, or misconduct by your investment advisor? We have helped thousands of investors seek compensation for losses they suffered as a result of - If you believe you lost money as a result of investment-related fraud or misconduct, please contact our law firm for a free, no-obligation evaluation of your recovery options at  Contact Us: Goldman Scarlato & Penny P.C rosca@lawgsp.com 8 Tower Bridge, Suite 1025 161 Washington St Philadelphia, PA, 19428 United States 888-998-0530 https://investorlawyers.org/ Resource URLs:-  https://investorlawyers.org/practice-areas/ Copyright ©2020 Goldman, Scarlato & Penny P.C.
Read more

Unsuitable Investment Lawyers in Philadelphia PA | Goldman, Scarlato & Penny P.C.

Image
UNSUITABLE INVESTMENT LAWYERS We seek compensation for investors who lost money as a result of unsuitable investments recommended to them by their investment advisors or brokerage firms. Securities broker-dealer firms and professionals have a duty to only recommend to their customers investments that are suitable for those customers’ investment profiles, experience, and risk tolerance. The securities regulators have enacted extensive suitability rules and regulations applicable to a broker’s recommendations with regards to specific investments. BROKERS MUST ASCERTAIN THE SUITABILITY OF INVESTMENTS FOR EACH INDIVIDUAL CUSTOMER, BASED ON FACTORS SUCH AS: (1). financial health (2). tax status & age (3). current portfolio (4). risk tolerance & investment experience (5). liquidity (6). investment goals An unsuitable investment may comprise one, two, or all three characteristics. For instance, illiquid investments are typically unsuitable for elderly i
Read more