Clark Gardner—Conversion of Client Funds

New Orleans Investment fraud attorneysClark 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.

Alan Rosca (1123 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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.