Ash Narayan– Multi-million Dollar Fraud Scheme
Ash Narayan Allegedly Operated a Multi-million Dollar Fraud Scheme Wherein He Purportedly Directed Clients into High-risk Investments in Ticket Reserve Inc. (TTR)
Ash Narayan allegedly operated a multi-million dollar fraud scheme wherein he purportedly directed clients into high-risk investments in Ticket Reserve Inc. (TTR), according to a Complaint from the SEC’s U.S. District Court (Northern District of Texas) currently under review by attorneys Joe Peiffer and James Booker.
Ash Narayan, in addition to engaging in the TTR scheme, allegedly and knowingly or recklessly lied to his clients about his qualifications, the SEC reports. Narayan also allegedly proclaimed himself to be a Certified Public Accountant (CPA), but in reality never has been a CPA, the aforementioned Complaint reports.
The Peiffer Wolf securities lawyers are currently investigating Ash Narayan’s alleged multi-million dollar fraud scheme.
Ash Narayan Allegedly Attempted to Conceal the Aforementioned Scheme by Making Fraudulent Documents and Making Ponzi-like Payments in Order to Hide TTR’s Huge Losses from Narayan’s Clients
Ash Narayan allegedly attempted to conceal the aforementioned scheme by creating fraudulent documents, some purportedly backdated, and by making Ponzi-like payments in order to hide TTR’s huge losses from Narayan’s clients, according to the aforementioned Complaint currently under review by attorneys Joe Peiffer and James Booker.
Ash Narayan, who was employed as an investment adviser representative and Managing Partner in the California office of Dallas-based RGT Capital Management, Ltd., invested over $33 mi11ion of his advisory clients’ assets in TTR, said Complaint notes.
Ash Narayan allegedly performed said actions regularly and without the knowledge of consent from clients, and sometimes using forged or copied signatures, the Complaint reports. Narayan, the Complaint further alleges, did not tell his clients key information that he knew about TTR, including that TTR was allegedly financially distressed.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of investment fraud schemes and Ponzi schemes, and are currently investigating Ash Narayan’s alleged investment fraud scheme. 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 alleged investment fraud scheme are encouraged to contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.