CLEVELAND, Sept. 10, 2016 /PRNewswire/ -- Christopher Brogdon municipal bond investors have retained the Peiffer Rosca Wolfsecurities attorneys and are pursing claims to recover money they invested with Brogdon. Recently, the Peiffer Rosca Wolf law firm filed a lawsuit on behalf of investors seeking to recoup their investments from third parties that assisted the Brogdon
Christopher Brogdon organized a series of municipal bond offerings that sought money for investments in retirement housing, nursing homes, and assisted living facilities that would be managed by Brogdon-controlled companies. Bonds were sold to raise money for projects related to the purchase, renovation, construction, leasing and managing of nursing homes and assisted living.
In November 2015, Brogdon and a number of related entities were sued by the Securities and Exchange Commission ("SEC"). The SEC alleged that Brogdon committed fraud by making misrepresentations in offering documents provided to investors, commingling investor funds, and not disclosing from where investor payments were derived. Specifically, instead of directing investor funds for their intended purposes, Brogdon was accused of diverting some of those funds to other uses, including his family's personal expenses and facilities unrelated to the offering for which the funds were raised.
While testifying under oath, Brogdon refused answering questions about his bond programs and invoked his Fifth Amendment right against self-incrimination.
What Investors May Do
The Peiffer Rosca Wolf attorneys have been investigating this matter and have filed a lawsuit on behalf of investors against third parties that allegedly assisted the Brogdon bond program, with the goal of recovering money for those investors. They continue to explore additional recovery options from third parties that may have assisted the Brogdon program.
If you purchased any bonds that were a part of any of the various Brogdon offerings, you may have options to recover your investments. If you would like to learn how you might be able to recover your money, you should contact Peiffer Rosca Wolf securities attorneys Alan Rosca or James Booker at [email protected] or by phone at 888-998-0520.
The Peiffer Rosca Wolf law firm prosecutes cases on behalf of investors throughout the United States. For more information and updates about Christopher Brogdon's offerings and this matter, please visit www.brogdoninvestors.com.
Attorney advertising. Prior results do not guarantee a similar outcome. Please visit our website, www.securitieslitigators.com, for important disclosures, office locations, and attorney admissions. The SEC's allegations are not proof of liability and anyone should be presumed innocent until and unless otherwise found liable or guilty in a court of law. Peiffer Rosca Wolf Abdullah Carr & Cane, A Professional Law Corporations ("Peiffer Rosca Wolf").
Peiffer Rosca Wolf888-998-0520 – [email protected]
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/christopher-brogdon-bond-investors-seek-recovery-of-their-investments-new-lawsuit-filed-300325878.html
SOURCE Peiffer Rosca Wolf
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