Bounty of the Ocean and Ocean Harvest LLC Founder Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
The Securities and Exchange Commission today filed settled charges against Verley Lee “Rocky” Sembritzky, Jr., the promoter of a purported Kenyan desalination plant investment who defrauded American investors out of millions of dollars.
According to the Commission’s complaint, Sembritzky, a Houston, Texas resident, told investors that he was building an advanced, eco-friendly desalination plant that would provide clean, low-cost drinking water to Kenyans. According to the complaint, Sembritzky misled investors as to the viability of his desalination process, falsely assuring them that the technology had years of proven operational history. The complaint further alleges that Sembritzky also claimed they would reap outsized returns from sales of the lucrative minerals removed during the desalination process. Sembritsky, according to the complaint, raised approximately $7.2 million from at least 20 investors in the United States between August 2015 and March 2017, directing investors to send their funds to two entities he controlled – Bounty of the Ocean Inc. and Ocean Harvest LLC. The complaint alleges that only $650,000 of the $7.2 million raised made it to the project’s bank account. According to the complaint, Sembritzky spent the rest of the money on such personal items as a $2 million condominium for his then-wife, luxury cars, jewelry, and credit card debt.
Investors in Bounty of the Ocean and/or Ocean Harvest LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Bounty of the Ocean and/or Ocean Harvest LLC, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $200 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 with Bounty of the Ocean and/or Ocean Harvest 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.