StarGrower Commercial and StarGrower Asset Owner Sanctioned by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
This proceeding arises from an offering fraud scheme perpetrated by George S. Blankenbaker (“Blankenbaker”) and his three companies: StarGrower Commercial Bridge Loan Fund 1, LLC (“StarGrower Commercial”), StarGrower Asset Management LLC (“StarGrower Asset”) (collectively, “StarGrower”), and Blankenbaker Investments Fund 17 LLC, in which they raised approximately $11.4 million from at least 109 investors through unregistered and fraudulent securities offerings. Between August 2016 and July 2018, Michael P. Egan acted as an unregistered broker on behalf of StarGrower Commercial and StarGrower Asset in connection with two unregistered offerings of securities (collectively, “StarGrower Offerings”). Egan raised approximately $774,000 for StarGrower from the offer and sale of securities in unregistered transactions to 17 investors who were customers of his tax preparation business or clients of a state-registered investment advisory firm with which he was associated. Egan received approximately $60,897 in transaction-based compensation from StarGrower from those sales. Egan was not registered as a broker-dealer with the Commission or associated with a registered broker-dealer during this time period.
Investors in StarGrower Commercial and/or StarGrower Asset May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in StarGrower Commercial and/or StarGrower Asset, 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 in StarGrower Commercial and/or StarGrower Asset, 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.