Outdoor Capital Partners LLC Manager Arrested for Fraud | Recover Investment Losses

Outdoor Capital Partners LLC Manager Arrested for Fraud | Goodman & Nekvasil P.A. May Recover Investor Losses

According to the United States District Attorney’s Office New Jersey 

A Denver, Colorado, CEO was arrested today in connection with a scheme to fraudulently obtain approximately $10 million from investors through various misrepresentations about fund operations and his background and contribution to the fund, Acting U.S. Attorney Rachael A. Honig announced.

Samuel J. Mancini, 55, is charged by complaint with securities fraud, wire fraud, and money laundering. He appeared this afternoon before U.S. Magistrate Judge Kristin L. Mix in Denver federal court and was released on $100,000 unsecured bond pending his initial appearance in the District of New Jersey.

According to documents filed in this case and statements made in court:

From at least February 2020 through July 2021, Mancini orchestrated an investment fraud scheme and fraudulently obtained more than approximately $10 million from victims. Mancini managed and controlled Outdoor Capital Partners LLC (OCP), which he purported to be a venture capital and private equity firm. OCP served as the managing director of OCP Italia Fund LLC (OCP Italia), a private investment fund.

Mancini promised investors that he was raising $20 million, including $5 million of his own money, for OCP Italia to invest solely in acquiring controlling interests in three Italian cycling companies. Mancini represented to investors that the acquisitions would take place soon after the fund closed and promised investors approximately 70 percent of OCP Italia’s operating profits.

Mancini repeatedly misrepresented his finances and his contribution to OCP Italia.  Mancini also misrepresented OCP Italia’s ability to close on the acquisitions. To date, OCP Italia has not acquired any of the Italian cycling companies. Instead, Mancini defaulted on contracts, diverted investor funds out of OCP Italia, and, in certain instances, paid investor funds to other investors seeking redemption.

Mancini also misled investors about his educational background by representing himself as a graduate of a prestigious military academy when, in fact, Mancini had failed to graduate from the academy due to an ethical violation, a fact he failed to disclose to investors.

When confronted with requests for transparency and redemptions by certain investors in OCP Italia, Mancini failed to honor the redemption requests, made misrepresentations about his inability to honor the redemption requests, misstated and omitted material facts, and provided certain investors with forged, modified, or otherwise fraudulent documentation.

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

If you invested in Outdoor Capital Partners LLC, Goodman & Nekvasil, P.A. may help you. Goodman & Nekvasil, P.A., a St. Petersburg, FL law firm with a national practice representing victimized investors, has recovered more than $200 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 Outdoor Capital Partners 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.



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