Geoffrey W. Nehrenz Fraud Charges
Geoffrey W. Nehrenz, of Uniontown, Ohio, Accused of Defrauding Investors of $5.5 Million
Geoffrey W. Nehrenz, 36, and of Uniontown, Ohio, has received an eight-count federal indictment for his reported role operating a Ponzi scheme in which 19 investors were defrauded out of approximately $5.5 million, according to reports from Ohio law enforcement officials currently under review by attorneys Joe Peiffer and Jason Kane.
Geoffrey W. Nehrenz is looking at one count of securities fraud, three counts of wire fraud, one count of mail fraud, one count of fraud by an investment advisor, and two counts of money laundering, according to the United States Attorney’s Office for the Northern District of Ohio.
The Peiffer Wolf Carr & Kane investment recovery lawyers are currently investigating Geoffrey W. Nehrenz and his alleged fraudulent schemes.
Nehrenz Reportedly Induced at Least 19 Clients to Invest Approximately $7 Million into his Hedge Fund, Keystone Capital Management, LLC, an Unregistered Firm
Between October 2009 and September 2013, Nehrenz reportedly promoted and sold investment contracts to clients through Keystone Capital Management, LLC, an investment adviser company located in Uniontown, an Ohio limited liability company registered as an investment adviser firm, but not registered with the Securities and Exchange Commission, according to reports from Ohio being analyzed by attorneys Joe Peiffer and Jason Kane.
The reports further detail how Nehrenz reportedly induced 19 clients to invest in Keystone by falsely representing to potential clients that their funds would be pooled and invested during the day and converted to cash overnight. Rather than investing the funds, the reports claim, Nehrenz used client money to pay his personal expenses, to pay business expenses to promote and prolong his investment scheme, and to make speculative, high-risk trades.
Nehrenz reportedly induced at least 19 clients to invest approximately $7 million into his hedge fund, resulting in losses to his clients in the amount of approximately $5.5 million, according to court documents from Ohio currently being reviewed by attorneys Joe Peiffer and Jason Kane.
Investment Recovery Attorneys Investigating
The Peiffer Wolf Carr & Kane investment recovery attorneys often represent investors who lose money as a result of investment misconduct, and are currently investigating Geoffrey W. Nehrenz, and his alleged fraud. 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.
Any Investors who believe they lost money as a result of the alleged fraud committed by Geoffrey W. Nehrenz may contact the investment recovery attorneys at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.
Broker: Geoffrey W. Nehrenz
Status: INVESTIGATED by Peiffer Rosca.
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