Daniel Joseph Touizer — Alleged Fraud Scheme

Rochester stockbroker fraud attorneyDaniel Joseph Touizer and His Fort Lauderdale-based Wheat Capital Management Allegedly Orchestrated a Twelve-year Scheme Allegedly Defrauding up to 150 Clients out of $19 Million after Purportedly Persuading them to Invest in Insurance Products, Gems, and Self-storage Units

Daniel Joseph Touizer and his Fort Lauderdale-based Wheat Capital Management allegedly orchestrated a twelve-year scheme allegedly defrauding up to 150 people out of $19 million after purportedly persuading them to invest in insurance products, gems, and self-storage units, according to U.S. District Court Documents currently under review by attorneys Jason Kane and James Booker.

Investors who believe they may have lost money in activity related to Daniel Joseph Touizer’s alleged fraud scheme are encouraged to contact attorneys Jason Kane or James Booker with any useful information or for a free, no obligation discussion about their options.

The Peiffer Wolf Carr & Kane securities lawyers are currently investigating Daniel Joseph Touizer’s alleged fraud scheme.

Touizer  allegedly withdrew roughly $7 million in investments from his account between 2010 and the time of his recent arrest, according to the Assistant U.S. Attorney Roger Cruz.

Judge Barry Seltzer Calls Touizer a “Significant Economic Danger to the Community”; Touizer Allegedly Promised a Guaranteed Return and that His Companies Held Regulatory Approval

Touizer allegedly promised investors a guaranteed return and purportedly claimed that his companies held regulatory approval, according the aforementioned affidavit presently being reviewed by attorneys Jason Kane and James Booker.

Touizer also allegedly made statements to investors that he wouldn’t take a personal salary and that investors’ money would be used for sales and marketing, according to government affidavit.

As a result, U.S. Magistrate Judge Barry Seltzer in U.S. District Court in Fort Lauderdale is allegedly holding Touizer without bail and has called him a “significant economic danger to the community”, according to reports from Florida. If convicted, Touizer is looking at 14 to years 18 years in federal prison, said reports note, and his arraignment is set for the end of October.

Daniel Joseph Touizer’s Wheat Capital purportedly specializes in the acquisition and development of self-storage buildings on urban infill sites, often in partnership with self-storage real estate investment trust CubeSmart, according to reports from the Fort Lauderdale area.

Securities Lawyers Investigating

The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of investment-related fraud or misconduct and are currently investigating Daniel Joseph Touizer’s alleged fraud 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 Daniel Joseph Touizer’s alleged fraud scheme may contact the securities lawyers at Peiffer Wolf Carr & Kane, Jason Kane or James Booker, for a free no-obligation evaluation of their recovery options, at (585) 310-5140 or via e-mail at arosca@prwlegal.com or jbooker@prwlegal.com.

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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.