We keep an up-to-date list of current class action lawsuits for various incidents of securities fraud. If you have been affected by any of these alleged abuses, please call our securities fraud attorneys and learn if you are eligible to join a class action.
While stringent federal regulations exist to prevent securities fraud, both individuals and entities continue to engage in these activities. Securities fraud occurs when someone uses untrue or misleading statements to influence the sale or purchase of stocks, bonds, mutual funds, or other investments. They might provide blatantly false information to shareholders or simply fail to disclose crucial information so investors will want to buy or sell the securities in question.
Investors who fall victim to these fraudulent schemes have the legal right under both state and federal law to seek financial recovery. Silver Law Group’s team of securities fraud attorneys, led by top investment fraud lawyer Scott Silver, possess the resources and knowledge to analyze your claim and represent you at each stage of your case. We provide insightful leadership for numerous class action claims against those who took advantage of you, no matter where in the country you live.
Silver Law Group Represents Investors in Claims Against Third Party Professionals for Aiding and Abetting the Ponzi Scheme
The Securities and Exchange Commission (SEC) obtained an asset freeze, preliminary injunction, and other emergency relief against Drive Planning LLC and founder/CEO Russel Todd Burkhalter. The SEC alleges that Atlanta-based Drive Planning is a $300 million Ponzi scheme involving over 2,000 victims, and that millions of dollars were misappropriated by the defendants to pay for Burkhalter’s luxurious lifestyle. Unfortunately, investors will probably not recover most of their principal and millions are allegedly missing.
According to the SEC, from 2020 through 2024 Burkhalter and Drive Planning raised over $300 million from investors, stating that the money would be used to develop real estate and investors would receive 10% return every three months, the SEC’s complaint alleges. Investors were allegedly asked to withdraw from their retirement and savings, and to borrow money, to invest in Drive Planning.
Scott L. Silver is the managing partner of Silver Law Group, a nationally recognized law firm representing investors worldwide to recover their investment losses. Scott has received a Martindale Hubbell Preeminent “AV” Rating, the highest ratings given for general ethical standards and legal ability. Scott has spent his entire legal career practicing securities and financial services law. Scott focuses his law practice on securities arbitration and litigation and plaintiff-side class action litigation, representing individual investors and institutions in claims against brokerage firms, investment advisors, commodities firms, hedge funds and others. Scott also routinely serves as counsel to receivers and trustees in matters…
Securities fraud occurs when an individual or entity, such as brokerage firms, brokers, financial advisors, lawyers, or commercial banks, use deceptive means to cheat investors out of profits from their investments or fail to properly warn investors about investment risks. These fraudulent practices not only violate the trust between the financial professional and the investor, but it can result in substantial financial losses. Silver Law Group is well-equipped to investigate, and file claims, against various forms of securities fraud, including claims of corporate misconduct, omissions, misrepresentations, unauthorized trading, and Ponzi schemes.
Ponzi schemes are one of the most infamous types of investment fraud. Ponzi scheme operators will usually entice investors to invest in a venture with the promise of high or consistent returns, and a very low level of risk. However, the Ponzi scheme uses new investor money to pay old investors. When investors put cash into a Ponzi scheme, they are not investing in a legitimate business venture. To disguise the fact that the business is not real, the fraudster will continue to attract new investors to pay off the old ones, which creates a false pretense that real returns are being generated. That cash flow eventually runs out as word-of-mouth spreads and the scheme falls apart.
However, it can be years before this happens, and by that point, investors may have lost millions. Ponzi schemes can take many forms, including fraudulent trading accounts, real estate frauds, cryptocurrency scams and others. If you are the victim of a Ponzi scheme, or aware of any current Ponzi schemes, please contact Silver Law Group immediately to have a one-on-one consultation with one of our securities fraud experts.
Silver Law Group can evaluate your claim to determine the appropriate charges to file and the most effective legal option to pursue your case. In any instance of suspected securities fraud, you should take care to preserve all evidence related to your potential claim, like account statements or copies of your communications with the alleged perpetrators.
One potential option is securities class actions. Securities class actions are a litigation option that allow large groups of investors who have been harmed by the same party to seek legal recovery. Investors with wide-ranging losses can join a class action, which means even if they may not qualify to file an individual claim, they could still recover their economic losses if the class action succeeds.
A securities fraud class action lawsuit consolidates claims into a single case which means it generally files in federal district court. This can save on court costs and reduce the wait time plaintiffs would otherwise endure if each case was heard individually. Please see our list of active securities class action claims, which is constantly updated with the latest breaking news.
If you have been a victim of securities fraud, you should contact Silver Law Group immediately. Our team of security fraud professionals have represented clients nationwide in various types of security fraud cases, Ponzi schemes and other investment frauds. We will work with you to maximize your recovery and ensure that you get the justice you deserve. The damages we will try to help you recover include net out-of-pocket losses, market-adjusted damages, and any other form of financial recovery that is related to your specific claim.
We understand that you have been dealt an unjust hand, and we will fight tirelessly to recover your losses. The best part is that we operate on a contingency basis, meaning you pay us nothing unless we secure a recovery for you. Contact Silver Law Group today to begin your path to recovery.
Fill out the contact form or call us at (800) 975-4345 to schedule your free consultation.
