Princeton Alternative Funding and Microbilt Corporation Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
The Securities and Exchange Commission announced charges against Princeton Alternative Funding LLC (PAF), Microbilt Corporation, Philip N. Burgess, Jr., Microbilt CEO Walter Wojciechowski, and PAF CEO John Cook, Jr. for fraudulently raising over $73 million from investors through multiple false and misleading statements.
According to the SEC’s complaint, from March 2015 through February 2017, Defendants solicited investors to buy limited partnership interests in Princeton Alternative Income Fund, LP (PAIF), by: (1) misrepresenting and actively concealing the role of Burgess, a convicted felon, in the management of PAF; (2) making materially false statements about the ability of PAF and Microbilt to monitor PAIF’s investments in real time; (3) making materially false statements about the selection process for PAIF’s investments; and (4) making materially false and misleading statements about PAIF’s largest investor.
Investors in Princeton Alternative Funding and/or Microbilt Corporation May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Princeton Alternative Funding and/or Microbilt Corporation, 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 Princeton Alternative Funding and/or Microbilt Corporation 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.