Christopher M. Swartz—Investor Fraud
Christopher M. Swartz, Former Principal of Jreck Subs, Allegedly Ran a $9.5 Million Investor Fraud
Christopher M. Swartz, 46, and of Watertown, New York, allegedly ran a $9.5 million investor fraud, according to Court Documents from the U.S. District Court, Utica, NY currently under review by attorneys Joe Peiffer and James Booker.
Christopher M. Swartz, a former principal of Jreck Subs and various other business entities, also admitted that he allegedly failed to pay at least $3.5 million in taxes, said Documents note.
The Peiffer Wolf securities lawyers are currently investigating Christopher M. Swartz’s alleged investment fraud.
Christopher M. Swartz Facing up to 20 Years in Prison and a Fine of up to $250,000;
Christopher M. Swartz is now looking at a maximum prison sentence of 20 years and a fine up to $250,000, and has also been ordered to pay restitution to his purported victims and the federal government and has made an agreement to have no further ownership interest in the Jreck franchise, according to Court Documents from the U.S. District Court, Utica, NY, presently being examined by attorneys Joe Peiffer and James Booker.
The Court Documents further allege how Swartz allegedly induced lenders and investors into investing with him while making big promises to repay them at high interest rates and also making purported false representations about how the money would be spent, said Documents note.
Finally, Swartz also allegedly gave investors so-called “stock kickers” and equity interests in the business, allowing a purported slice of the assets and funds held by the companies, said Documents report.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged investment scams and are currently investigating Christopher M. Swartz’s alleged investment fraud. 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 M. Swartz’s alleged investment fraud may contact the securities lawyers at Peiffer Wolf, Joe Peiffer or James Booker, for a free no-obligation evaluation of their recovery options, at 504-523-2434.