Eduardo “Eddie” Guillermo Diaz— Conversion of Customer Funds

investment fraud attorneysEduardo “Eddie” Guillermo Diaz Indicted for Fraud; Investor Rights Lawyers Investigating on Behalf of Victimized Investors

Eduardo “Eddie” Guillermo Diaz, an Ocean Springs retirement investor, was indicted for fraud and charged with converting more than $1 million of customer funds for his own personal use, according to Court Documents from Mississippi currently under review by attorneys Joe Peiffer and Jason Kane.

Eduardo “Eddie” Guillermo Diaz also allegedly made fraudulent statements regarding potential investments in order to induce clients to give him large sums of cash which he purportedly later used illegally, according to said Court Documents report.

The Peiffer Wolf securities lawyers are currently investigating Eduardo “Eddie” Guillermo Diaz’s alleged illegal conversion of customer funds and are preparing to take action on behalf of victimized investors.

Eduardo “Eddie” Guillermo Diaz Allegedly Used Clients’ Money to Cover the Costs of Other Investor Dividends. Indicted on Four Counts of Investor Fraud

Eduardo “Eddie” Guillermo Diaz allegedly siphoned client money in order to “enrich” himself, according to Court Documents from Mississippi currently under review by attorneys Joe Peiffer and Jason Kane.

In addition, still other client funds were funneled to cover the costs of other investor dividends or to refund or repay previous investors in what appears to be an effort to cover up a scheme to defraud the clients, said Court Documents also report.

Finally, Court Reports from Mississippi have announced that a grand jury indicted Diaz on four counts of investor fraud and two counts of wire fraud.

Eddie Diaz Was Banned from the Securities Industry

Eddie Diaz was banned from the securities industry in April 2014 and is no longer a licensed securities professional.

Eddie Diaz was a registered stockbroker from February 1987 until January 20, 2013, according to the securities regulators’ records. He was registered with American Express Financial Advisors in Minneapolis, Minn., Sunamerica Securities in Phoenix, Ariz., AIG Financial Advisors in Biloxi, Next Financial Group Inc. in Biloxi, and with Kovack Securities Inc. in Fort Lauderdale, Fla.

His broker report shows he has had at least two customers complaints.

Investor Rights Lawyers Investigating, Preparing to Take Action

The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and schemes. They are currently investigating Eduardo “Eddie” Guillermo Diaz’s alleged investment 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 Eduardo “Eddie” Guillermo Diaz’s alleged investment scheme may contact the securities rights lawyers at Peiffer Wolf, Jason Kane or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 585-310-5140.

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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.