J & L Real Estate Group – Complaint Filed by SEC Against Owner

J & L Real Estate Group – Complaint Filed by SEC Against Owner | Goodman & Nekvasil P.A. May Recover Investor Losses

According to SEC Allegations

J&L Real Estate Group, LLC (“J&L”) is a Utah limited liability company controlled by Landon Smith. Landon Smith ran his Ponzi scheme through his J&L account at America First Federal Credit Union. J&L has never been registered with the Commission in any capacity.

Smith issued promissory notes guaranteeing investors’ principal and promising returns of up to 100%.

Landon Smith told investors he was a real estate wholesaler who used investor funds for the earnest money to purchase and then quickly sell real estate. Landon Smith issued promissory notes purportedly for the purpose of obtaining earnest money tied to the purchase of specific properties. Between December 2016 and April 2018 Smith raised approximately $2,441,000 from fifty-one individual investors through unsecured promissory notes. Landon Smith never purchased the alleged properties, but instead used new investor funds to pay returns to earlier investors in a classic Ponzi scheme.

Landon Smith also used investor funds for personal expenses including rent, utility payments, and trips to Hawaii to visit his children. Landon Smith created false real estate contracts to make it appear he entered into real estate transactions. Landon Smith told investors their funds were the only source of earnest money on a specific property, however, Landon Smith used the same fraudulent documents to obtain earnest money from multiple investors on the same property

Investors May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested in J&L Real Estate Group, LLC, 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 J&L Real Estate Group, 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.  

J&L Real Estate Group, Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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