CM Capital Management LLC and Edward Lee Moody Charged by SEC – Goodman & Nekvasil P.A. May Recover Investor Losses

CM Capital Management LLC and Edward Lee Moody Charged by SEC – Goodman & Nekvasil P.A. May Recover Investor Losses

Securities and Exchange Commission Charges CM Capital Management, LLC and Edward Lee Moody

The Securities and Exchange Commission announced charges against a Virginia investment adviser firm and its sole owner, for operating a nearly $5 million Ponzi scheme. The SEC also obtained an order freezing asset in more than 30 brokerage and bank accounts controlled by the defendants.

According to the SEC’s complaint, Edward Lee Moody and his wholly-owned investment adviser firm CM Capital Management, LLC, has operated a Ponzi scheme and defrauded dozens of investors. The SEC alleges that Moody obtained $4.95 million from approximately 60 individuals and entities for investment purposes. The SEC alleges that Moody represented his firm as a successful money management company that profitably invested client funds in securities. In order to maintain this illusion, the SEC alleges that Moody and CM Capital made periodic repayments to investors and sent fictitious monthly account statements that purported to show that clients had earned profitable returns on their securities investments. The SEC alleges that, in reality, Moody invested none of the $4.95 million, but instead, he used the investor funds to pay off earlier investors, to fund his own speculative trading, and for personal expenses. Among other expenses, the SEC alleges that Moody used investor funds to buy a house, a car, remodel his new home, travel, and cover his restaurant and bar tabs.

Investors in CM Capital Management LLC May Recover their Losses with Goodman & Nekvasil, P.A.

If you purchased your CM Capital Management LLC investment from a licensed financial advisor, Goodman & Nekvasil, P.A. can help you. Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, has filed hundreds of cases against brokerage firms selling high-risk or fraudulent investments such as CM Capital Management LLC and 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. Finally, the filing of such a case should not affect your ownership of your CM Capital Management LLC investment.

If you incurred losses on your investment in CM Capital Management 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.  

 

Keywords: CM Capital Management, Edward Moody, FINRA, SEC, Fraud, Attorney, Broker, Brokerage, Firm, Brokerage Firm, Invest, Lawyer, Securities Lawyer, Goodman and Nekvasil, Nekvasil, Goodman, Investor, Investment, Financial, Financial Services, Securities ,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

 

Contact Us Today!

[]
1 Step 1
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right
FormCraft - WordPress form builder