SEC Charges Secured Income Group With Fraud | Goodman & Nekvasil P.A. May Recover Investor Losses
SEC Charges Secured Income Group with $100 Million Offering Fraud
SEC Charges Secured Income Group with Fraud, alleging that the company touted to investors that it would pool their money to make real estate loans secured by first lien positions on underlying properties. The company stated that investments would be secured by this real estate.
According to the SEC’s complaint, Secured Income Group dramatically departed from its business model and misrepresented material aspects of the investment.
The complaint alleges that the company sold off tens of millions of dollars of its loans along with the corresponding security interests. Consequently, the outstanding principal value of Secured Income Group’s real estate loan collateral has at all points in time been substantially less than what it owed to its investors.
If you invested in Secured Income Group 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 $250 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 approximately 40 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, not even the costs and expenses which the firm will advance on your behalf.
If you incurred investment losses in Secured Income Group and would like your case evaluated by a securities attorney, please contact us.