Southeast Lot Acquisitions LLC Controller Charged with Fraud | Recover Investment Losses

Southeast Lot Acquisitions LLC Controller Charged with Fraud | Goodman & Nekvasil P.A. May Recover Investor Losses

According to the SEC:

The Securities and Exchange Commission today charged Florida-based real estate developer James M. Rudnick with fraud in connection with the sale of promissory notes of two entities he controlled.

The Commission’s complaint alleges that between 2013 and 2018, Rudnick, through his entities Southeast Lot Acquisitions, LLC and Mary A II, LLC, sold approximately $16.7 million in promissory notes to more than 80 investors. According to the complaint, Rudnick relied on Dana J. Bradley and Marlin S. Hershey to prepare the offering documents and conduct the offerings. Rudnick allegedly failed to adequately review the offering materials, which stated that no commissions would be paid to employees or unregistered broker-dealers, when, in truth, Rudnick, Southeast Lot, and Mary A paid Hershey and Bradley-both of whom were listed as employees and neither of whom was a registered broker-dealer-and affiliated entities approximately $2.1 million in commissions. The Commission previously charged Bradley and Hershey with conducting several other offering frauds and operating as unregistered brokers with respect to those offerings and with respect to Rudnick’s offering.

Investors in Southeast Lot Acquisitions LLC May Recover their Losses with Goodman & Nekvasil, P.A.

If you invested in Southeast Lot Acquisitions LLC, 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 Southeast Lot Acquisitions 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.



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