deeproot Funds, LLC Founder Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
On August 20, 2021, the Securities and Exchange Commission charged a San Antonio, Texas-based investment adviser with operating a years-long fraudulent scheme that raised approximately $58 million from nearly 300 investors in two investment funds.
The SEC’s complaint alleges that Robert J. Mueller and his company deeproot Funds, LLC were investment advisers to two pooled investment funds that Mueller created. According to the complaint, Mueller and deeproot persuaded investors, many of whom were retirees, to cash out annuities they held with other investment companies and invest in the funds. The complaint alleges that the funds ultimately received more than $58 million from investors. As alleged, Mueller funneled more than $30 million of the funds’ assets to other businesses he controlled, and used at least $820,000 of new investor money to pay earlier investors. The complaint also alleges that Mueller and deeproot, acting with and through defendant Policy Services, Inc. — another entity Mueller owned — paid Mueller approximately $1.6 million in salary that was not adequately disclosed to the funds or their investors while also misappropriating another approximately $1.5 million to pay Mueller’s personal expenses.
Investors in deeproot Funds LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in deeproot Funds 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 deeproot Funds 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.