Glenn Mueller – State of Massachusetts Securities Division Files Complaint | Goodman & Nekvasil P.A. May Recover Investor Losses
According to the State of Massachusetts Securities Division
Glenn C. Mueller is an Illinois resident. Mueller is president of Northridge Holdings, Ltd.
The Enforcement Section of the Massachusetts Securities Division of the Office of the Secretary of the Commonwealth files this administrating complaint to commence an adjudicatory proceeding against Glenn C. Mueller.
For over forty years, Glenn C. Mueller and Northridge Holdings, Ltd. Have been purchasing and selling multifamily real estate complexes in Illinois. Over the past few decades, Mueller and Northridge have built up a monumental and byzantine investment empire consisting of at least 32 interwoven companies and partnerships. Along the way, Glenn Mueller and Northridge induced residents from Massachusetts, Illinois, New Hampshire, New Jersey, and other states to invest in their real estate ventures. To date, Northridge has taken in at least $47 million of investor funds through unregistered promissory notes nationwide and additional funds through unregistered limited partnerships. To accomplish this, Northridge uses a team of finders to seek out new investors in exchange for commission.
In addition, Northridge and Glenn Mueller became so involved with the offers and sales of these offerings that they act as de facto broker-dealers. Northridge and Glenn Mueller offer to help investors set up self-directed IRA accounts and facilitate the purchase, sale, and transfer of Northridge related securities. The enforcement section of the Division brings this action as a result of the offer and sale of unregistered securities in the Commonwealth by Northridge and Mueller.
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