Senior Solutions of Social Circle, LLC - SEC Files Complaint

Senior Solutions of Social Circle, LLC – SEC Files Complaint | Goodman & Nekvasil P.A. May Recover Investor Losses

Securities and Exchange Commission Orders Cease and Desist Against Senior Solutions of Social Circle, LLC

ACCORDING TO THE SEC:

The Commission brings this emergency action to halt ongoing fraudulent conduct by Dwayne Edwards (“Edwards”) in connection with a series of fraudulent bond offerings to purchase and renovate assisted living and memory care facilities in Georgia and Alabama (together, the “Facilities”).

Between July 2014 and September 2015, Edwards, along with his business partner, Todd Barker (“Barker”) and the limited liability companies they set up to serve as the borrowers (the “Borrower Defendants”), raised nearly $62 million through nine separate conduit municipal bond offerings (the “Offerings”).

These limited liability companies included:

Senior Solutions of Social Circle, LLC, is a Georgia limited liability company formed in October 2013, with its principal place of business at 621 North Cherokee Road, Social Circle, Georgia 30025. Its managing member is Edwards, it is owned equally by Edwards and Barker, and it is the Borrower Defendant in the Social Circle Offering.

Oxton Place of Douglas, LLC, d/b/a Oxton Real Estate of Douglas, LLC, is a Georgia limited liability company formed in June 2014, with its principal place of business at 1360 West Gordon Street, Douglas, Georgia 31533. Its managing member is Edwards, it is owned equally by Edwards and Barker, and it is the Borrower Defendant in the Douglas Offering.

Rome ALF, LLC, is a Georgia limited liability company formed in August 2014, with its principal place of business at 621 North Cherokee Road, Social Circle, Georgia 30025. Its managing member is Edwards, it is owned equally by Edwards and Barker, and it is the Borrower Defendant in the Rome Offering. According to the Georgia Corporations Division, the company was administratively dissolved by the Georgia Secretary of State on December 7, 2016.

Savannah ALF, LLC, is a Georgia limited liability company formed in July 2014, with its principal place of business at 249 Holland Drive, Savannah, Georgia 31419. Its managing member is Edwards, it is owned equally by Edwards and Barker, and it is the Borrower Defendant in the Savannah Offering. According to the Georgia Corporations Division, the company was administratively dissolved by the Georgia Secretary of State on December 7, 2016.

Gainesville ALF, LLC, is a Georgia limited liability company formed in January 2015, with its principal place of business at 2030 Windward Lane, Gainesville, Georgia 30501. Its managing member is Edwards, it is owned equally by Edwards and Barker, and it is the Borrower Defendant in the Gainesville Offering.

Waterford Place ALF, LLC, is a Georgia limited liability company formed in January 2015, with its principal place of business at 2151 Eatonton Road, Building H, Suite 1, Madison, Georgia 30650. Its managing member is Edwards, it is owned equally by Edwards and Barker, and it is the Borrower Defendant in the Waterford Offering. According to the Georgia Corporations Division, the company was administratively dissolved by the Georgia Secretary of State on December 7, 2016.

Montgomery ALF, LLC, is a Georgia limited liability company formed in January 2015, with its principal place of business at 2151 Eatonton Road, Building H, Suite 1, Madison, Georgia 30650. Its managing member is Edwards, it is owned equally by Edwards and Barker, and it is the Borrower Defendant in the Montgomery Offering. According to the Georgia Corporations Division, the company was administratively dissolved by the Georgia Secretary of State on December 7, 2016.

Columbus ALF, LLC, is a Georgia limited liability company formed in December 2014, with its principal place of business at 2151 Eatonton Road, Building H, Suite 1, Madison, Georgia 30650. Its managing member is Edwards, it is owned equally by Edwards and Barker, and it is the Borrower Defendant in the Columbus Offering. According to the Georgia Corporations Division, the company was administratively dissolved by the Georgia Secretary of State on December 7, 2016.

Opelika ALF, LLC, is a Georgia limited liability company formed in May 2015, with its principal place of business at 2151 Eatonton Road, Building H, Suite 1, Madison, Georgia 30650. Its managing member is Edwards, it is owned equally by Edwards and Barker, and it is the Borrower Defendant in the Opelika Offering. According to the Georgia Corporations Division, the company was administratively dissolved by the Georgia Secretary of State on December 7, 2016.

Investors May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has recovered more than $180 million dollars on behalf of victimized investors. 

All our cases are handled on a purely contingency fee basis by Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA. Kalju Nekvasil, Esq. has practiced in this area of the law for more than 35 years. 

There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.

If you incurred investment losses and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us. 

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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