Platinum Travel and Entertainment, LLC Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
The Securities and Exchange Commission filed an action against Gregory A. Ciccone and his entity Platinum Travel and Entertainment, LLC, alleging that the defendants made false statements in raising over $1.5 million from investors in an unregistered offering of securities for a travel concierge business, but instead fraudulently diverted all the money raised.
According to the SEC’s complaint, which was filed today in the United States District Court for the District of New Jersey, Platinum and Ciccone offered and sold promissory notes to 22 investors for the represented purpose of securing hotel reservations as part of Platinum’s high-end luxury travel concierge business. The complaint alleges, however, that the defendants did not use investor funds for this purpose, and instead misappropriated the majority of the investor funds for Ciccone’s personal expenses, including the purchase of a luxury car, and for Ponzi-like payments to earlier investors. In addition, the complaint alleges that Ciccone created numerous false documents in response to various investor inquiries, including a false email from a bank and a fake bank statement. As alleged, at the time of the offering, Ciccone was on supervised release after serving a prison sentence for a prior criminal conviction for fraud.
Investors in Platinum Travel and Entertainment LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested with Platinum Travel and Entertainment 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 in Platinum Travel and Entertainment 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.