Riverwalk Financial Corporation – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Charges Riverwalk Financial Corporation
According to the SEC, this matter involves an offering fraud by Defendants Kevin B. Merrill, Jay B. Ledford and Cameron Jezierski that raised more than $345 million from over 230 investors to purportedly purchase consumer debt portfolios. According to the SEC, from at least 2013 to present, Defendants operated this Ponzi-like scheme that involved, among other things, securities offerings rife with misrepresentations, fake debt, forged signatures, fabricated wire transfers, the movement of millions of dollars into personal accounts, and an elaborate scheme wherein Defendants offered and sold investments in the same (and often fictitious) debt and/or debt portfolios, to multiple victims.
According to the SEC, touting their purported expertise in collecting on and reselling consumer debt, Kevin Merrill and Jay Ledford, through a web of entities they owned and/or controlled, including Defendants Global Credit Recovery, LLC; Delmarva Capital, LLC; Rhino Capital Holdings, LLC; Rhino Capital Group, LLC; DeVille Asset Management LTD; and Riverwalk Financial Corporation (collectively, “Entity Defendants”), offered and sold securities to investors with the promise of significant profits. According to the SEC, Defendants used these and a total of approximately 30 interrelated corporate entities and over 55 bank accounts to move investor money, deceive investors, and continue their Ponzi-like scheme that has survived only with the influx of greater and greater sums of cash.
According to the SEC, of the $345 million raised, more than $90 million was invested by over 200 individual investors; approximately $52 million by family offices; and nearly $203 million by feeder funds, largely made up of groups of individuals. According to the SEC, these investors included small business owners, restaurateurs, construction of contractors, retirees, doctors, lawyers, accountants, bankers, talent agents, current and former professional athletes, and financial advisors.
Investors in Riverwalk Financial Corporation May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Riverwalk Financial Corporation, 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 Riverwalk Financial 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.
Keywords: Delmarva Capital, Global Credit Recovery, Rhino Capital Group, Deville Asset Management, Riverwalk Financial, Kevin Merrill, Jay Ledford, Cameron Jezierski, SEC, Investment, Goodman and Nekvasil, Ponzi Scheme