Christopher F. Brogdon—Modified Asset Freeze and Injunction
Christopher F. Brogdon Facing Modified Asset Freeze and Injunction from the SEC
The Peiffer Wolf securities lawyers are currently investigating Christopher F. Brogdon, who allegedly ran a nursing home scheme, according to a recent SEC Order.
Christopher F. Brogdon is now facing a modified asset freeze and injunction, according to a recent SEC Order currently under review by attorneys Joe Peiffer and Jason Kane.
Some of the main points from the Order include that the Brogdons may open a new personal bank account at Piedmont Bank that shall be excluded from the previous Court Order of November 20, 2015, or “the New Account”, according to the SEC Order.
The Brogdons May Now Take a One-Time Withdrawal from Bank Accounts
Brogdon allegedly piled up nearly $190 million through dozens of municipal bond and private placement offerings to investors who would earn interest from revenues generated by nursing homes, assisted living facilities, or other retirement community projects, according to a recent SEC Order currently under review by attorneys Joe Peiffer and Jason Kane.
To the contrary, the SEC found that Brogdon covertly mixed investor funds in typical Ponzi scheme like fashion and redirected investor funds to other business ventures and personal expenses, according to the SEC Order.
In a related action against brokerage firm Cantone Research, the regulators reportedly noted that Brogdon was twice barred from the securities industry and also that he had been indicted for racketeering, theft, and Medicaid fraud, the SEC Order reports.
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 preparing to take action and we would like to talk to more investors involved with the sale of Christopher F. Brogdon’s promissory notes. 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 the sale of Christopher F. Brogdon’s promissory notes Christopher 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.