Goodman & Nekvasil P.A. May Recover Investor Losses – GL Beyond Income Fund, SEC Enters Final Judgement Against Shawnet Thibeault
Securities and Exchange Commission Enters Final Judgment Against Shawnet Thibeault for Misappropriating Money from GL Beyond Income Fund
The Securities and Exchange Commission announced that it has entered final judgment against relief defendant Shawnet Thibeault in an SEC enforcement action. The complaint, which the Commission filed in January 2015, charged investment adviser Daniel Thibeault and others with fraud for misappropriating money from an investment fund. The complaint named Mr. Thibeault’s wife, Shawnet Thibeault, as a relief defendant. According to the complaint, she received some of the money that had been misappropriated from investors. The judgment entered against Shawnet Thibeault orders her to disgorge over $500,000.
According to the complaint, Mr. Thibeault misappropriated money from an investment fund that he was managing. Specifically, the SEC alleged that Mr. Thibeault and his companies were the investment advisers to the GL Beyond Income Fund, and that they misappropriated at least $15 million of the Fund’s money. According to the complaint, Mr. Thibeault represented that investors’ money would be pooled and used to make or purchase consumer loans. According to the SEC, these consumer loans would then constitute the Fund’s assets and would provide a return to the investors when interest and principal payments were made on the loans. The SEC’s complaint alleged that Mr. Thibeault and the other defendants (not including Shawnet Thibeault) engaged in a scheme to create fictitious loans to steal money from the Fund, and to report those fake loans as assets of the Fund. According to the SEC, Mr. Thibeault and the other defendants designed this scheme to conceal their misappropriation of millions of dollars from the Fund.
Investors in GL Beyond Income Fund May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in GL Beyond Income Fund, 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 with GL Beyond Income Fund 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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