Onix Capital LLC – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Onix Capital LLC and Alberto Chang-Rajii
The Securities and Exchange Commission announced fraud charges and an asset freeze against Miami Beach-based asset management company Onix Capital LLC and owner Alberto Chang-Rajii, a Chilean national who fled the U.S. earlier this year.
The SEC alleges that Chang and Onix Capital defrauded investors in promissory notes that “guaranteed” annual returns of 12 percent to 19 percent and bilked others who were told their funds would be invested in promising start-ups. According to the SEC, Chang and Onix Capital also are alleged to have falsely depicted Chang as an award-winning multi-millionaire “angel” investor with an M.B.A. from Stanford University.
According to the SEC’s complaint unsealed in the U.S. District Court for the Southern District of Florida, Chang and Onix Capital sold more than $5.7 million in Onix promissory notes that they falsely claimed were guaranteed by Chang and raised more than $1.7 million that Chang promised to invest in companies such as Uber, Snapchat, and Square. Instead, the SEC’s complaint alleges that investor funds were diverted to Chang and used to pay other investors.
The SEC’s complaint alleges the scheme began to unravel in March when reports published in the U.S. and Chile exposed the misrepresentations by Chang and Onix Capital. According to the SEC, Chang fled to Malta and transferred approximately $4 million, including Onix Capital investor funds, to banks in Malta, the United Kingdom, Switzerland, and Australia.
Investors in Onix Capital LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Onix Capital 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 Onix Capital 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.