Rock and Roll Cycles LLC and Cycle For Life Inc. – SEC Files Complaint | Goodman & Nekvasil P.A. May Recover Investor Losses
According to the SEC:
From about July 2014 through December 2017, the Defendants raised approximately $491,000.00 from at least 18 investors in the form of promissory notes issued by Rock and Roll Cycles LLC and/or Cycle For Life, Inc. Joe Leland Tarver told investors that the proceeds from the promissory notes would be used by Rock and Roll Cycles LLC and/or Cycle for Life, Inc.to manufacture and distribute tricycles for disabled children and adults. In fact, Tarver (a) diverted a significant amount of the money for his personal expenses; (b) failed to inform investors that he had been sued by at least three earlier investors for failure to repay their promissory notes, despite assuring the new investors that they would be repaid; and (c) frequently used funds from new investors to make principal and interest payments to prior investors.
Rock and Roll Cycles, LLC (“RRC”), is a Texas limited liability company that was originally formed in June 2011 under the name LBB Cycles For Life, LLC. In July 2011, LBB Cycles For Life, LLC changed its name to Rock and Roll Cycles, LLC. Rock and Roll Cycles, LLC principal place of business is in Lubbock, Texas. Tarver is, and at all relevant times was, the managing member of Rock and Roll Cycles, LLC. Rock and Roll Cycles, LLC markets and sells custom tricycles for disabled children and adults.
Cycle For Life, Inc. (“CFL”), is a Texas corporation formed in July 2016. Cycle For Life, Inc.’s principal place of business is in Lubbock, Texas. At all relevant times, Tarver has been the sole officer and/or director of Cycle For Life, Inc. Cycle For Life, Inc. markets and sells custom tricycles for disabled children and adults.
Investors in Rock and Roll Cycles LLC and/or Cycle For Life, Inc. May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Rock and Roll Cycles LLC and/or Cycle For Life, Inc., 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 Rock and Roll Cycles LLC and/or Cycle For Life, Inc. 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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