Corporate Mystic LLC, Commercial Exchange Solutions, Inc., Exchange Solutions Company and Susan Werth – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Corporate Mystic LLC, Commercial Exchange Solutions, Inc., Exchange Solutions Company and Susan Werth
According to the SEC, the Securities and Exchange Commission filed an emergency action to halt an ongoing offering fraud perpetrated by Susan Werth, a.k.a. According to the SEC, Susan Worth, and several companies Susan Werth controlled – Corporate Mystic, LLC, Commercial Exchange Solutions, Inc., and Exchange Solutions Company.
According to the SEC’s complaint, which was unsealed on October 10, 2018, Susan Werth and her companies raised over $26 million, promising investors to use their money to fund short-term, high-interest rate loans in connection with tax-deferred real estate projects, when in fact they used those funds to make Ponzi payments to other investors, and to pay Susan Werth’s numerous personal expenses. The SEC’s complaint alleges that Werth and her companies did not fund any of the promised real estate projects and instead misused investor funds. According to the SEC, Werth used forged bank statements to fraudulently assure investors that her companies had assets sufficient to guarantee the payments to investors, and she also concealed her criminal history and previous lawsuits against her for fraud.
According to the SEC’s complaint, Susan Werth’s scheme is ongoing. According to the SEC, as of at least mid-August 2018, Susan Werth was still making Ponzi payments to investors and continuing to promise investors that she would repay their principal with interest in the near future. According to the SEC, Susan Werth, Corporate Mystic LLC, Commercial Exchange Solutions, Inc., and Exchange Solutions Company operate no legitimate business, making the only potential source of funds for repayment new investor funds. According to the SEC, Susan Werth is continuing to solicit new investors, as recently as September 2018, using the new business name “Exchange Development Company.”
Investors in Corporate Mystic LLC, Commercial Exchange Solutions, Inc. and/or Exchange Solutions Company May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Corporate Mystic LLC, Commercial Exchange Solutions, Inc. and/or Exchange Solutions Company, 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 Corporate Mystic LLC, Commercial Exchange Solutions, Inc. and/or Exchange Solutions Company 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.