Christopher F. Brogdon and Summit Trust—Fraud Charges

California stockbroker fraud attorneyChris Brogdon and Summit Trust Allegedly Raised Money from Investors Through Fraudulent Private Placement, Muni Bond Offerings, SEC Charges

Christopher Brogdon and Summit Trust allegedly raised money from investors through a fraudulent investment scheme that stretched over nearly two decades, according to civil fraud charges filed by the Securities and Exchange Commission in federal court.

Brogdon and Summit Trust are accused of raising nearly $200 million from investors through municipal bond offerings and private placements, according to case documents reviewed by the Peiffer Wolf securities lawyers, Jason Kane and Joe Peiffer.

The Peiffer Wolf lawyers are preparing to take action and seek compensation on behalf of investors who lost money invested in Brogdon’s allegedly fraudulent scheme. Investors who believe they may have lost money invested with Brogdon, Summit Trust, and/or their affiliated entities may contact Peiffer Wolf attorneys Jason Kane or James Booker to provide information or for a free, no-obligation discussion about their legal options.

Christopher F. Brogdon Falsely Told Investors that Their Money Would Be Invested in Specific Senior Care Facilities, the SEC Alleged

Christopher F. Brogdon falsely told investors their money was to be invested in specific senior care facilities, according to the SEC’s allegations. Investors were also assured that the return payments on their investments would primarily come from cash flow generated by those respective facilities, according to case documents reviewed by the Peiffer Wolf attorneys.

In reality, investor money was divested to other projects, without investors’ knowledge or permission, the SEC alleged.  What is more, distribution payments on the investors’ investments were made from unauthorized sources, as several of those facilities struggled financially, the SEC charged.

“New investor money improperly divested from one investment program to another and used to make distribution payments to earlier investors is the very definition of a Ponzi scheme,” said securities attorney Jason Kane.

Securities Lawyers Investigating

The Peiffer Wolf lawyers are investigating whether or not Christopher Brogdon and Summit Trust perpetrated a Ponzi scheme upon investors. They are also evaluating a number of potential recovery options on behalf of victimized investors. Their goal is to supplement whatever recovery may be available to investors through the SEC proceedings currently pending.

The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and schemes. 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 invested with Christopher F. Brogdon, Summit Trust, and/or their affiliated entities may contact the securities lawyers at Peiffer Wolf, Jason Kane or James Booker, to provide information about this case or for a free no-obligation evaluation of their recovery options, at 585-310-5140, by email at, or via the contact form on this page.

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In our legal system, every person is innocent until and unless found guilty by a court of law or a tribunal. Whenever we reference “allegations” or charges that are “alleged,” such allegations or charges have not been proven, and are merely accusations, not findings of fault, as of the date of the blog. We do not have, nor do we undertake, a duty to continue to monitor or follow cases about which we report, and/or to publish subsequent blogs regarding various developments that may occur in such cases. Readers are encouraged to conduct their own research regarding any such cases and any developments that may or may not have occurred in such cases.