Goodman & Nekvasil P.A. May Recover Investor Losses | Thomas Laws, Formerly Licensed Financial Advisor with HD Vest Investment Services Charged with Misappropriating Investor Funds
Thomas Laws Charged with Misappropriating Investor Funds
The Securities and Exchange Commission announced charges against Thomas H. Laws, the former CEO of Santa Fe Gold Corporation, for the misappropriation of at least $1.1 million of investor funds by Thomas Laws, the former chief executive officer of Santa Fe Gold Corporation. The SEC also obtained an asset freeze against Laws.
The SEC’s complaint, unsealed on December 6, 2018, alleges that, from at least August 2016 through February 2018, Santa Fe Gold, a public mining company based in Albuquerque, New Mexico, transferred approximately $1.1 million in investor funds to Thomas Laws and THL Financial Services Corporation, an entity controlled by Thomas Laws, for various corporate purposes, including the purchase of a silver mine and mining equipment and for third party services. According to the complaint, Laws misappropriated the funds and attempted to hide Thomas Laws’ theft from the company and its independent auditor by fabricating documents, including vendor invoices, agreements, bank records, and communications.
According to the SEC, at present, Thomas Laws has not repaid or accounted for at least $725,000 of investor funds.
Investors with Thomas Laws May Recover Investment Losses
If you invested with Thomas Laws, 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 with Thomas Laws 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.