Cash Capital, LLC, America’s Strategic Ore Properties, LLC and Robert W. Wilson Charged by SEC – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Cash Capital, LLC, America’s Strategic Ore Properties, LLC and Robert W. Wilson
The Securities and Exchange Commission today announced fraud charges against two purported mining exploration companies and their sole owner and manager in connection with an approximately $2 million offering fraud that targeted more than 70 non-accredited investors located primarily in Arizona and California.
The SEC’s complaint alleges that, from approximately January 2015 to at least August 2016, Cash Capital, LLC, America’s Strategic Ore Properties, LLC, and Robert W. Wilson told investors that the property underlying mining claims that Cash Capital had optioned contained more than 1.3 billion tons of graphite, graphene, and other ores, which he represented was worth over $18 billion and, later, $30 billion. Wilson also allegedly promised investors in Cash Capital and America’s Strategic Ore Properties that their investments were secured by a lien on the more than $18 billion in assets of the companies.
The SEC alleges that none of these statements is true. Instead, Cash Capital, America’s Strategic Ore Properties, and Wilson allegedly spent significant portions of investor funds on personal expenses, including the rent for his residence (as well as for a separate office), a membership to a massage spa, medical and dental expenses, frequent restaurant expenses, and payments to participants of previous investment offerings. None of these expenses allegedly related to the intended use of proceeds that Wilson had disclosed to Cash Capital investors. The complaint additionally alleges that Wilson took out more than $700,000 of investor funds in cash withdrawals and cashier’s checks made to Wilson or his wife for which Wilson has no receipts to demonstrate that the funds were spent on the mining project.
Investors in Cash Capital, LLC and/or America’s Strategic Ore Properties, LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Cash Capital, LLC and/or America’s Strategic Ore Properties, 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 Cash Capital, LLC and/or America’s Strategic Ore Properties, 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.