American Beef Operations, LLC – State of Washington Files Consent Order

American Beef Operations, LLC – State of Washington Files Consent Order | Goodman & Nekvasil P.A. May Recover Investor Losses

According to the State of Washington:

American Beef Operations, LLC (“ABO”) is a Washington entity formed on September 25, 2015 with its principal place of business in Mercer Island, Washington. Anthony Garwood was the Chief Executive Officer of ABO from September 25, 2015 until he passed away on March 11, 2019. From March 11, 2019 until present, Anthony’s wife, Julie Garwood, has been the Chief Executive Officer of ABO.

From 2015 until 2019, ABO has raised more than $5.3 million from more than 100 investors, many of whom are Washington investors, through the offer and sale of ABO LLC membership interests. Most of the investors heard about the investment through word of mouth referrals and/or presentations, generally from other ABO investors and from Mr. Garwood. Before investing, ABO investors were given private placement memorandums. Several different versions of the private placement memorandums were used to solicit ABO investments. Some investors also received a business plan prior to investing.

When offering and selling its LLC interests, ABO falsely represented that it was going to own and operate a meat processing plant located in Clackamas, Oregon. In a January 2017 business plan, ABO represented that it was raising funds for equipment that was needed in order to be “fully operational at our plant in Clackamas, OR.” The business plan represented that investor funds would be used to purchase $1,400,000 worth of assets, including a spiral freezer; grinders, pumps and manifolds; centrifuges; plate heat exchangers, chillers and separators; and filtration systems. However, contrary to the representations in the business plan, ABO did not own the Clackamas plant or the equipment that was being purchased.

Investors in American Beef Operations, LLC May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested in American Beef Operations, LLC, 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 in American Beef Operations, LLC 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. 

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