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Articles Posted in investment fraud

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Seeman Holtz, a Boca Raton-based company, is auctioning 100% of its property and casualty business. Silver Law Group has filed two lawsuits against Seeman Holtz on behalf of investors who were sold unregistered promissory notes in Para Longevity and other offerings. The lawsuits allege that investors were not paid when their notes matured. Investors Are Owed Principal Many Seeman Holtz investors allege they have not received principal back after their promissory notes matured. Investors have been told to wait for the company to recapitalize, which they were told would allow the company to pay investors their principal. Despite these assurances, investors continue to wait. BocaNewsNow.com reported that Seeman Holtz received $4,269,400 in PPP money, and that Marshall Seeman listed his home in Boca Raton for sale for $8,650,000.Seeman Holtz, a Boca Raton-based company, is auctioning 100% of its property and casualty business. Silver Law Group has filed two lawsuits against Seeman Holtz on behalf of investors who were sold unregistered promissory notes in Para Longevity and other offerings. The lawsuits allege that investors were not paid when their notes matured. Continue reading

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The Securities and Exchange Commission has charged an actor in low-budget movies with running a Ponzi scheme tied to film distribution and licensing agreements that defrauded investors out of over $690 million. Zachary Horwitz, whose screen name is Zach Avery, ran the Ponzi scheme from 2014 to at least December 2019 through his distribution company 1inMM Capital LLC. Silver Law Group is a national securities and investment fraud law firm which represents Ponzi scheme victims in claims against the Ponzi schemer and any third parties who materially participated in the fraud or are otherwise liable under the law. 1inMM Alleged Ponzi Scheme According to the complaint, filed April 5, 2021 in California U.S. District Court, Horwitz and 1inMM issued promissory notes to investors on individual film titles, promising to use the money to purchase distribution rights to a movie, mostly for Latin America, which Horwitz and 1inMM would then sell to outlets like HBO and Netflix at a high profit.  Horwitz sold each note at a per-film principal investment of between $35,000 and $1.5 million, often promising investors a six-to-twelve-month maturity and a 35% to 45% return. One investor, out nearly $9 million, invested in 108 movies with corresponding promissory notes, the SEC complaint says. As a sometimes-film actor, Horwitz sold investors on his film industry experience and connections. The Securities and Exchange Commission has charged an actor in low-budget movies with running a Ponzi scheme tied to film distribution and licensing agreements that defrauded investors out of over $690 million. Zachary Horwitz, whose screen name is Zach Avery, ran the Ponzi scheme from 2014 to at least December 2019 through his distribution company 1inMM Capital LLC. Continue reading

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Bloomberg News has released an article covering a lawsuit Silver Law Group has filed against E*trade on behalf of two clients who were allegedly charged high undisclosed interest rates on short sales for securities that E*trade calls “hard to borrow”. The suit claims that E*trade didn’t disclose what the estimated interest rate would be before the investors made the trades and didn’t disclose that certain securities were being designated hard to borrow.Bloomberg News has released an article covering a lawsuit Silver Law Group has filed against E*trade on behalf of two clients who were allegedly charged high undisclosed interest rates on short sales for securities that E*trade calls “hard to borrow”.

The suit claims that E*trade didn’t disclose what the estimated interest rate would be before the investors made the trades and didn’t disclose that certain securities were being designated hard to borrow. Continue reading

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A pension fund has filed a lawsuit in Illinois federal court alleging that Conagra Brands Inc. tricked investors into approving its nearly $11 billion acquisition of Pinnacle Foods Inc. No class has been certified and investors may still apply to be the lead plaintiff.If you were a Conagra or Pinnacle shareholder and want to learn more about your legal rights contact the Silver Law Group.A pension fund has filed a lawsuit in Illinois federal court alleging that Conagra Brands Inc. tricked investors into approving its nearly $11 billion acquisition of Pinnacle Foods Inc.

Conagra, a massive packaged foods company and component of the S&P 500, told investors that acquiring Pinnacle was a “no brainer” and would help the company expand its frozen food and snack offerings. Then, after the merger closed in late 2018, they revealed serious financial problems with Pinnacle, according to the lawsuit. Conagra’s stock price fell significantly as a result. Continue reading

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After investigations by the SEC, FBI, and FINRA, GPB Capital may now be the subject of an investigation into one of their New York trash removal companies.After multiple investigations by the SEC, FBI, FINRA, and the State of Massachusetts, GPB Capital may now be the subject of an investigation into one of their private New York commercial trash removal companies, according to an article from Pro Publica.

Five Star Carting falls under the administration of New York City’s Business Integrity Commission (BIC), and they recently paid the company a visit. Pro Publica calls it a “raid,” but the reason for the visit was not disclosed. Continue reading

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