Chicago Area Investment Partner Matthew Stoen Indicted on Fraud Charges
Matthew Stoen, founder and managing partner of Stone Rose LP, committed fraud in obtaining and misusing investment funds, according to an indictment issued by a federal grand jury.
The Peiffer Rosca securities practice attorneys Jason Kane and Joe Peiffer are investigating the matter. Individuals who invested with Matthew Stoen may contact attorneys Rosca or Peiffer.
Stoen misrepresented to investors and lenders that funds he received would be used for real estate investment projects in the Kansas City area while knowing he intended to use the funds, in part, for personal use and not for their stated purpose, according to the indictment. Stoen also misrepresented his personal background and financial condition to investors and those who loaned money to Stone Rose, according to the indictment.
Stoen received more than $10 million from 50 investors, according to the indictment.
Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Rosca, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.