Artis Proficio Capital Investments – Civil Action Filed by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
ACCORDING TO THE SEC ALLEGATIONS:
This matter involves an ongoing Ponzi scheme and offering fraud by Syed Arham Arbab (“Arbab”), a former student at the University of Georgia (“UGA”), and two entities under his operation and control, Defendants Artis Proficio Capital Investments, LLC (“APCI”) and Artis Proficio Capital Management, LLC (“APCM”).
Between at least May 2018 and as recently as May 17, 2019 (“Relevant Period”), Arbab, acting individually or through Artis Proficio Capital Investments and Artis Proficio Capital Management, offered and sold investments in a purported hedge fund, called Artis Proficio Capital (the “Fund”), which Arbab claims to manage. He promised very high rates of return and sent investors account updates purporting to substantiate those claims. Arbab also offered and sold certain “bond agreements,” which function like promissory notes. During the Relevant Period, Arbab received at least $269,000 from no fewer than 8 investors.
Arbab’s investments were fraudulent, however. He enticed investors through multiple misrepresentations and omissions of material fact. In fact, no hedge fund existed, the claimed performance returns were fictitious, and Arbab never invested the funds as he represented.
Instead, as money was raised, Arbab placed substantial portions in his personal bank account, which he then used for his own benefit, and into his personal brokerage accounts.
In addition, Arbab used some portion of newly-invested funds to pay back earlier investors who sought redemptions.
Emergency relief is critical in this case. Arbab has continued to solicit additional money from his victims – as recently as May 17, 2019 – even after becoming aware of the SEC’s investigation
Investors in Artis Proficio Capital Investments and/or Artis Proficio Capital Management May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Artis Proficio Capital Investments and/or Artis Proficio Capital Management 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 Artis Proficio Capital Investments and/or Artis Proficio Capital Management 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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