Ash Narayan—Investment Fraud

Ash Narayan Allegedly Ran a Million Dollar Investment Scheme Defrauding Pro Athletes; Narayan also Allegedly Siphoned Client Money and Sank it into The Ticket Reserve Inc., a Floundering Online Sports Book

Ash Narayan, of Newport Coast, California, allegedly ran a million dollar investment scheme wherein he allegedly defrauded pro athletes, according to a recent SEC Complaint currently under review by attorneys Alan Rosca and James Booker.

Narayan also allegedly used said siphoned client money and put it into the Ticket Reserve Inc., a floundering online sports book, according to said Complaint. The Complaint also alleges that Narayan allegedly failed to disclose to investors that he was a member of The Ticket Reserve’s board of directors.

The Peiffer Rosca Wolf securities lawyers are currently investigating Ash Narayan’s alleged investment fraud scheme involving pro athletes.

Ash Narayan Allegedly Transferred $33 Million from Client Accounts to the Ticket Reserve; The Ticket Reserve Allegedly made Ponzi-like payments from New Investors to Clients who Had Paid in Earlier

Ash Narayan, formerly of RGT Capital, allegedly transferred more than $33 million from client accounts to The Ticket Reserve, and usually sans client knowledge or consent and purportedly occasionally with forger signatures,  according to the aforementioned Complaint being examined by attorneys Alan Rosca and James Booker.

The SEC Complaint further alleges that the Ticket Reserve fell into a trap wherein it allegedly relied on cash bursts from Narayan’s unsuspecting clients simply in order to stay in business and that Narayan allegedly took in almost $2 million in clandestine compensation.

Finally, the SEC Complaint alleges that the Ticket Reserve made Ponzi-like payments from new investors to earlier clients, and that Narayan and the Ticket Reserve allegedly violated antifraud provisions of the federal securities laws and a related SEC antifraud rule, and the SEC is looking for disgorgement of ill-gotten gains plus interest and penalties.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged unsuitable broker activity, and are currently investigating Ash Narayan’s million dollar investment scheme wherein he allegedly defrauded pro athletes. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.

Investors who believe they lost money as a result of Ash Narayan’s million dollar investment scheme wherein he allegedly defrauded pro athletes are encouraged to contact the securities lawyers at the Cleveland office of Peiffer Rosca Wolf, Alan Rosca or James Booker, for a free no-obligation evaluation of their recovery options, at 888-998-0520.

Alan Rosca (1141 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.