Chad Deucher, CEO of Marquis Properties, LLC— Investment Scheme, Ponzi Scheme
Chad Deucher, CEO of Marquis Properties, LLC, Allegedly Operated a Utah “Turnkey” Real Estate Ponzi Scheme Which Allegedly Defrauded More than 250 People out of $28 Million
Have you invested funds with Chad Deucher, CEO of Marquis Properties, LLC? Chad Deucher allegedly operated a Utah Real Estate Ponzi Scheme that allegedly defrauded more than 250 people out of $28 Million, according to a recent SEC Complaint currently under review by attorneys Joe Peiffer and Jason Kane.
Chad Deucher and Marquis Properties allegedly fraudulently represented that they sold interest in “turnkey real estate properties, promissory notes secured by real properties, and joint venture agreements to purchase real properties,” according to the aforementioned SEC Complaint.
The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Chad Deucher and his alleged Ponzi scheme.
Chad Deucher Allegdly Represented that Marquis Locates, Purchases, Renovates, and Sells Single Family and Small Multi-family Homes in “Lucrative Areas” with Promise of a Guaranteed Return in “Turnkey” Houses
Chad Deucher allegedly represented that Marquis locates, purchases, renovates, and sells single family and small multi-family homes in “lucrative areas” of the country with the promise of a guaranteed return on their investment in “turnkey” houses, according to the aforementioned SEC Complaint presently being reviewed by attorneys Joe Peiffer and Jason Kane.
According to the SEC, Deucher allegedly told investors that Marquis has “proven renovation crews, property managers and realtors on the ground” to help with all stages of the project, thereby dismantling the requirement for direct involvement, the SEC Complaint notes.
Furthermore, the SEC said that Deucher allegedly represented to investors that they would get “guaranteed return of principal and returns” from their investment in the form of rental income, interest payments, and/or profits from the sale of properties, according to the SEC Complaint.
Securities Lawyers Investigating
The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of Ponzi schemes, and are currently investigating Chad Deucher’s alleged real estate investment 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 Chad Deucher’s alleged Ponzi scheme may contact the securities 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.