Bryan Lee Addington—Investment Fraud, Ponzi Scheme
Bryan Lee Addington Allegedly Ran a $3.5 Million Scheme which Defrauded Numerous Investors
Bryan Lee Addington, of Ethel, Louisiana, allegedly ran a $3.5 million scheme which defrauded numerous investors, according to a Federal Indictment from the U.S. Attorney’s Office for the Middle District of Louisiana currently under review by attorneys Jason Kane and James Booker.
Bryan Lee Addington, from January 2010 through at least April 2016, allegedly falsely represented himself to his investors by claiming that that their hard-earned cash would be invested in real estate and land, insurance products, and stock, and also used to buy up insurance policies, said Indictment notes.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Bryan Lee Addington’s alleged investment fraud scheme.
Bryan Lee Addington Allegedly Represented to Investors that His Proposed Investments Would Bring in High Returns and, in Some Cases, Guaranteed Yields; Addington Allegedly Used Past Investor Money to Pay New Investors
Bryan Lee Addington allegedly represented to investors that his products were safe investments and would bring in healthy returns, and, in some cases, even yield guaranteed returns, according to a Federal Indictment from the U.S. Attorney’s Office for the Middle District of Louisiana presently being reviewed by attorneys Jason Kane and James Booker.
Addington, however, allegedly appears to have hidden two key elements from his investors. Firstly, according to the Indictment, Addington allegedly failed to disclose to his purported victims that he had been barred by FINRA.
Secondly, Addington allegedly siphoned a huge portion of investor funds for personal use and, in what sounds like a Ponzi scheme, allegedly made payments to other purported victim investors.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of alleged securities fraud scams and are currently investigating Bryan Lee Addington’s alleged securities 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 Bryan Lee Addington’s alleged securities fraud scheme may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140.