Daniel R. Nase—Cover Up of Stolen Investor Funds
Daniel R. Nase, a California Businessman, Allegedly Stole Investor Funds and Attempted to Conceal His BIC Real Estate Scheme after SEC Caught Wind
Daniel R. Nase, a California Businessman, allegedly stole investor assets and then attempted to conceal his purported malfeasance after the SEC caught wind of his scheme, according to an SEC Complaint currently under review by attorneys Jason Kane and Joe Peiffer
Daniel R. Nase allegedly raised cash from investors through an unregistered offering of common stock in his Bakersfield, California-based company, BIC Real Estate Development Corp., and purportedly used said funds for personal expenses, the aforementioned Complaint reports.
The Peiffer Wolf securities lawyers are currently investigating Daniel R. Nase’s alleged BIC Real Estate scheme.
Daniel R. Nase Allegedly Told Investors BIC Would Invest in Real Estate and Promissory Notes; Nase Allegedly Improperly Put Titles of Most of the Properties in His Name or His Wife’s Name or Family Trust, not BIC
Daniel R. Nase allegedly told investors that BIC would invest in real estate and promissory notes, according to said SEC Complaint presently being reviewed by attorneys Jason Kane and Joe Peiffer
Daniel R. Nase, with the money he used to purchase real estate and notes, allegedly improperly titled most of the properties in his name or his wife’s name or their family trust, not BIC Real Estate, said SEC Complaint notes.
Finally, Nase allegedly diverted investor funds to finance payments for clothing, vacations, student loans, and other personal expenses, and also allegedly tried to conceal his theft after catching wind of the SEC’s investigation by putting stolen assets back into the company attempting to make it look that he was increasing his equity stake in it, the aforementioned SEC Complaint notes.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers are currently investigating Daniel R. Nase’s alleged BIC Real Estate 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.
The Peiffer Wolf securities lawyers are currently investigating Daniel R. Nase’s alleged BIC Real Estate scheme. Investors who believe they lost money as a result of any of the aforementioned investment scheme 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.