Did Frank Vennes Cause You Investment Losses?
Frank E. Vennes of Stuart Florida and two other defendants were charged with fraud and money laundering. Mr. Vennes was a business associate of Thomas Petters (the CEO who committed a $3.65 billion Ponzi scheme and the third largest hedge fund fraud case in U.S. history) who owned and operated Petters Company Inc. (PCI). The defendants misrepresented that funds invested in promissory notes would be used to finance the purchase of electronics and other consumer merchandise to be sold to retailers for a profit. However, no merchandise was ever bought or sold and Mr. Petters diverted hundreds of millions of dollars for his personal use. According to the indictment, Mr. Vennes directed two other defendants to defraud investors in four Palm Beach hedge funds. Later, as PCI notes were on the verge of default, Mr. Vennes directed the defendants to engage in a scheme to swap more than $1 billion in PCI notes to give the appearance PCI could repay the notes held by the Palm Beach funds. Mr. Vennes received $60 million in commission based on Palm Beach investments in PCI but was later sentenced to 15 years in federal prison for lying to investors.
Do You Need a Securities Fraud Lawyer?
We are top rated lawyers and highly ranked attorneys by our peers in Martindale Hubble and Thomson Reuters SuperLawyers who represent investors in investment fraud cases in court, by the Financial Industry Authority (FINRA), American Arbitration Association (AAA) and JAMS alternative dispute resolution forums serving Stuart Florida investors. This state has thousands of stock brokerage firms and investment advisory offices. With so many stock brokerage firms and investment advisor offices, comes the potential for their stockbrokers, financial advisors, and other representatives to engage in all kinds of stockbroker misconduct which violates Federal and Florida securities laws and FINRA rules and stock brokerage firms policies and procedures.
Experienced Securities Fraud Lawyers Throughout Stuart Florida and Nationwide.
Are you a Stuart Florida investor who has suffered significant losses your stock brokerage and investment accounts? Did your Stuart Florida stockbroker or investment advisor, misrepresent facts, fail to disclose facts making the statements made false and misleading, recommend unsuitable investments or strategies, excessively trade or churn or otherwise mismanage your investment account? Depending upon the terms of your arbitration agreement you will need to have representation from an experienced, highly-rated and nationally recognized FINRA, AAA or JAMS arbitration securities law attorney—an attorney who knows court, FINRA, AAA or JAMS rules and procedures inside and out and how to handle these court, FINRA, AAA or JAMS arbitration cases and other complex legal issues.
By hiring a top rated attorney like Robert Wayne Pearce with over 40 years of experience practicing securities law on both sides of the table in court and FINRA, AAA and JAMS arbitration proceedings, you will clearly see that Attorney Pearce doesn’t just handle cases—he aggressively represents investors and one of the best lawyers to recover your investment losses for all types of stockbroker misconduct in court and FINRA, AAA and JAMS arbitration proceedings!
At The Law Offices of Robert Wayne Pearce, P.A., we represent investors in all kinds of investment fraud, securities law, and investment disputes in court and FINRA, AAA and JAMS arbitration and mediation proceedings. We handle a wide range of practice areassuch asfraud and misrepresentation, breach of fiduciary duty, failure to supervise, and unsuitable recommendations. Attorney Pearce and his staff represent investors throughout Stuart Florida and across the United States on a CONTINGENCY FEE basis which means you pay nothing – NO FEES-NO COSTS – unless we put money in your pocket after receiving a settlement or FINRA arbitration award.
Se habla español
Free Initial Consultation With Experienced Securities Fraud Lawyers Serving Stuart Florida Residents
The Law Offices of Robert Wayne Pearce, P.A. are highly experienced attorneys who successfully handle investment fraud, securities law matters, and investment disputes in court and FINRA, AAA and JAMS arbitration proceedings, and who work tirelessly to secure the best possible result for you and your case. For dedicated representation by an attorney with over 40 years of experience and success in all kinds of securities law and investment disputes in court and FINRA, AAA and JAMS arbitrations serving Stuart Florida citizens, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.
Robert Wayne Pearce
Robert Wayne Pearce of The Law Offices of Robert Wayne Pearce, P.A. has been a trial attorney for more than 40 years and has helped recover over $140 million dollars for his clients. During that time, he developed a well-respected and highly accomplished legal career representing investors and brokers in disputes with one another and the government and industry regulators. To speak with Attorney Pearce, call (800) 732-2889 or Contact Us online for a FREE INITIAL CONSULTATION with Attorney Pearce about your case.
Rate this Post
Loading...