Bradley Claus Allegedly Duped Married Couple into RJ Oil and Gas Investments and Claimed Justin Timberlake Had Invested in Southern Hospitality
Bradley Claus, formerly of World Group Securities, Inc. and Transamerica Financial Advisors, Inc., allegedly engaged in colorful and plentiful outside business misconduct, according to an Amended Complaint from FINRA’s Department of Enforcement.
Claus allegedly solicited a married couple to invest $15,000 in RJ Oil and Gas Co. LLC under the auspices that certain tax benefits, as well as dividend payments, would accrue, the FINRA Complaint alleges.
Starting on September 29, 2010, the married couple, also known as JM and MM, reportedly wired $15,000 to a bank account for RJ Oil and Gas Co. LLC, a limited-liability company based in Texas, according the FINRA complaint.
FINRA also notes that the couple did receive one $2,000 dividend for their investment in RJ Oil and Gas Co. LLC, but were denied any further payments. To add insult to injury, Claus reportedly failed to disclose the couple’s investment in the oil and gas company.
As if allegedly swindling the married couple out of $15,000 were not enough, Claus also reportedly recommended one of his Transamerica clients, known only as JB, to invest in a company called Southern Hospitality, which was posed as a hot new restaurant chain.
Claus allegedly made several grand misrepresentations concerning the investment, including, but not limited to, a guaranteed investment return of 5%, that Justin Timberlake and Ryan Tedder owned the restaurant chain, and that Claus had personally invested in the entity, according to FINRA’s Complaint.
The Complaint also notes that none of these reported representations regarding Southern Hospitality were factual, and that Claus allegedly failed to inform Transamerica of his client’s investment in Southern Hospitality.
Investment Rights Attorneys Investigating
The Peiffer Wolf Carr & Kane investor rights attorneys often represent investors who lose money as a result of investment misconduct, and are assisting any victims with the recovery of losses they may have suffered. 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 investment misconduct may contact the investment rights lawyers at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Bradley Claus
Status: INVESTIGATED by Peiffer Rosca.
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