Clark Gardner—Conversion of Client Funds
Clark Gardner Allegedly Converted $1.3 Million in Client Funds by Selling Notes to Clients and depositing Said funds into His Own Account
Clark Gardner, 54, and of Orem, Utah, allegedly converted approximately $1.3 million in client funds by selling promissory notes to clients and then deposited said funds into his own accounts, according to Court Reports from Utah’s Third District Court currently under review by attorneys Alan Rosca and Joe Peiffer.
From November 2011 to April 2014, the aforementioned Court Reports go on to allege that Gardner’s personal checks provide evidence that said $1.3 million was then used for luxury vacation packages, repaying personal funds owed to other individuals and other items unrelated to the promised investments.
The Peiffer Rosca Wolf securities lawyers are currently investigating Clark Gardner for allegedly converting client funds, and are preparing to take action on behalf of victimized investors.
Clark Gardner Charged with 34 Felony Counts; Peiffer Rosca Wolf Securities Lawyers Investigating
Clark Gardner has been charged with 34 felony counts for a slew of alleged illegal activities, according to Court Reports from Utah currently being reviewed by attorneys Alan Rosca and Joe Peiffer.
The Division of Securities for Utah’s Department of Commerce commenced an investigation of Gardner on May 19, 2014 after receiving a complaint from an investor. Said investor made claims about a $150,000 property purchase which Gardner allegedly completed with an unregistered real estate company that gave Gardner $20,000 in compensation, according to Reports from Utah.
Gardner purportedly promised the investor the land under consideration for purchase would provide steady income and could be sold for a significant return in five years, the Reports from Utah further allege. In reality, said investor lost nearly $100,000 on the investment, according to Court Documents coming out of Utah.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of customer fund conversion, and they are currently investigating Clark Gardner for allegedly converting client funds. 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.
The securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, are preparing to take action on behalf of victimized investors who trusted their money to Clark Gardner, and may be contacted for a free, no-obligation evaluation of their recovery options, at 888-998-0520.