The Legacy Group, Inc. Charged by SEC | Goodman & Nekvasil P.A. May Recover Investor Losses
On May 24, 2021, the Securities and Exchange Commission charged Colorado and Florida residents Randy R. King, Matthew B. King, and Andrea S. Trout and three entities they operated, The Legacy Group, Inc., Colorado Ventures I, LLC, and Radiant Holdings, LLC, with fraudulently offering and selling approximately $29 million in unregistered securities to more than 200 investors.
According to the SEC’s complaint, filed in federal court in Colorado, the defendants raised money to fund residential and small-scale commercial real estate projects, primarily in California and Colorado. Legacy, the Kings, and Trout allegedly defrauded investors by raising money for specific projects and then using the funds on other projects. They also allegedly materially misstated the risks of certain investments, including by misrepresenting the amount of investments already associated with the project. The SEC’s complaint also alleges that the Kings, with respect to Colorado Ventures and Radiant, defrauded investors by misusing certain investor funds, which were earmarked for specific projects, but used instead on other projects and/or redirected to the Kings, personally.
Investors in The Legacy Group, Inc. May Recover their Losses with Goodman & Nekvasil, P.A.
If you invested in The Legacy Group, Inc. 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 The Legacy Group, 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.