Higher Ground Financial Group, Managed by Imran Razvi – Goodman & Nekvasil P.A. Files Arbitration Claims on Woodbridge Mortgage Investment Fund
Imran Razvi is the managing partner and President of Higher Ground Financial Group. Higher Ground Financial Group is located in Frederick, MD and purports to be a full-service financial firm committed to helping people pursue their financial goals, offering a wide range of financial products and services to individuals and business owners. Goodman & Nekvasil, P.A. has learned that Imran Razvi sold the fraudulent Woodbridge Mortgage Investment Fund and has filed arbitration claims against Imran Razvi’s employer, Lincoln Financial Securities Corporation, on behalf of investors seeking to recover money lost on the fraudulent Woodbridge Mortgage Investment Fund.
On December 20, 2017, the Securities and Exchange Commission (SEC) filed an action alleging that the Woodbridge investment was a massive Ponzi scheme, and that new investor money was used to pay the returns owed to existing investors. The SEC also alleges that Woodbridge’s business model was a sham, and that Woodbridge and Woodbridge’s owner and President, Robert H. Shapiro, misused and misappropriated investor monies. The SEC points out that Woodbridge admits in its bankruptcy filing that it has less than $12 million in its bank accounts while having investor liabilities approaching $1 billion.
If you invested in Woodbridge Mortgage Investment Fund through Imran Razvi, you may be able to recover your losses from Lincoln Financial Securities Corporation, The O.N. Equity Sales Company and/or Park Avenue Securities, LLC. This is because Lincoln Financial Securities Corporation, The O.N. Equity Sales Company and Park Avenue Securities, LLC had a duty to supervise Imran Razvi
If you invested in Woodbridge Mortgage Investment Fund through Imran Razvi, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Lincoln Financial Securities Corporation, The O.N. Equity Sales Company and/or Park Avenue Securities, LLC concerning Imran Razvi’s conduct. 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.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $180 million on behalf of victimized investors. If you invested in Woodbridge Mortgage Investment Fund with Imran Razvi 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.