Safety Technologies LLC – Goodman & Nekvasil P.A. May Recover Investor Losses
Securities and Exchange Commission Enters Final Judgment Against Safety Technologies LLC
On April 4, 2017, the U.S. District Court for the District of Connecticut entered a final judgment by consent against Thomas Connerton and Safety Technologies LLC (“Safety Technologies”) for defrauding investors by misleading them to invest in a purported glove manufacturing company and then diverting their money for Connerton’s personal use. According to the SEC, Connerton’s victims include several women he met through an online dating website and their friends and family.
The SEC’s complaint against Connerton and Safety Technologies, filed on June 8, 2016, alleged that Connerton told investors that his company was developing a material to make surgical gloves better resistant to cuts or punctures. According to the SEC, Connerton claimed that several major glove manufacturers wanted the technology and Safety Technologies was on the brink of imminent deals that would result in large payouts for investors in his company. But, the SEC alleged, no deals were ever anywhere close to materializing, and Connerton emptied the company’s bank account by writing a series of checks to himself and using investor funds for his own expenses. According to court documents filed by the SEC, among Connerton’s improper spending of investor funds was $20,000 for an engagement ring for his latest online date turned investor. On June 9, 2016, the SEC obtained an asset freeze against Connerton and, on September 12, 2016, the court issued an order continuing the asset freeze and imposing a preliminary injunction.
Investors in Safety Technologies LLC May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in Safety Technologies LLC, 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 Safety Technologies 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.