Christopher F. Brogdon – Investment Fraud Charges
Christopher Brogdon Allegedly Engaged in Investment Fraud, Raised Approximately $190 Million Through Bond Offerings but Misused Investor Funds, SEC Charges
Christopher F. Brogdon, an Atlanta-based businessman, allegedly orchestrated a purported $190 Million investment scheme wherein he siphoned cash in order to purchase and renovate senior living facilities, according to recent documents from the SEC currently under review by attorneys Joe Peiffer and Jason Kane.
The SEC goes on to allege that Brogdon piled up nearly $190 million through multiple municipal bond and private placement offerings in which investors supposedly earn interest from revenues generated by the nursing home, assisted living facility, or other retirement community project supported by their investment.
The Peiffer Wolf securities lawyers are currently investigating Christopher F. Brogdon’s alleged nursing home scheme.
Christopher F. Brogdon Allegedly Made Payments to Investors Borrowing Money from Third Parties, Using Proceeds from Other Offerings, and Drawing Down on Personal Lines of Credit
Christopher F. Brogdon allegedly made payments to investors by borrowing money from third parties, using proceeds from other offerings, and drawing down on personal lines of credit, according to a recent Complaint from the SEC currently under review by attorneys Joe Peiffer and Jason Kane.
What is more, Brogdon also allegedly secretly commingled investor funds instead of using the money to finance the project described to investors in the disclosure documents for each offering, said Complaint notes.
Finally, from the commingled accounts, the Complaint reports, Brogdon allegedly diverted investor money to other business ventures and personal expenses.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and schemes. They are currently investigating Christopher F. Brogdon’s alleged nursing home 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 Christopher F. Brogdon’s alleged nursing home investment scheme may contact the securities lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.