Innovational Funding, LLC (iFunding) Founders, William C. Skelley and Sohin S. Shah Charged by the SEC – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Innovational Funding, LLC (iFunding) Founders, William C. Skelley and Sohin S. Shah
The Securities and Exchange Commission charged the co-founders of a New York-based crowdfunding portal with misappropriating more than $1 million from investors.
According to the SEC’s complaint, New York resident William C. Skelley and New Jersey resident Sohin S. Shah, the co-founders and senior executives of iFunding LLC, raised more than $3 million from 42 investors in 17 states, with fraudulent claims about iFunding’s plans to use the funds to build an online real estate equity crowdfunding portal. The complaint alleges that Skelley and Shah in fact diverted more than $1 million of investor funds for their personal use. The complaint also alleges that Skelley made materially false and misleading oral statements to investors and, in a later period, iFunding LLC and Skelley used two private placement memoranda to solicit investors that contained false statements about the use of funds and misrepresented the number of real estate projects that iFunding had financed, and the amount of funds that had been raised on iFunding’s portal.
Innovational Funding, LLC (iFunding) Investors May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Innovational Funding, LLC (iFunding), 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 Innovational Funding, LLC (iFunding) 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.
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