Geoffrey W. Nehrenz, Keystone Capital Management—Investment Fraud, Ponzi Scheme
Geoffrey W. Nehrenz, Former Keystone Capital Hedge Fund Manager, Allegedly Committed Acts of Wire Fraud and Money Laundering as Part of a $5.5. Million Ponzi Scheme
Have you invested capital with Geoffrey W. Nehrenz or his Keystone Capital Management Fund? Geoffrey W. Nehrenz, who had operated the Lake Township-based Keystone Capital Management, allegedly engaged in acts of wire fraud and money laundering as part of a $5.5 million Ponzi scheme, according to reports from the FBI’s Cleveland office currently under review by attorneys Alan Rosca and Joe Peiffer.
Geoffrey W. Nehrenz ran a Ponzi scheme that allegedly defrauded 19 investors of roughly $5.5 million, clients from Northeast Ohio and Pennsylvania who invested roughly $7 million into his hedge fund (Keystone Active Trader), according to a federal indictment filed in January of 2015.
The Peiffer Rosca Wolf securities lawyers are currently investigating Geoffrey W. Nehrenz and Keystone Capital’s alleged Ponzi scheme, and would like to talk to investors.
Geoffrey W. Nehrenz Allegedly Used Client Money for Personal Expenses, Promotion of his Investment Scheme, and to Make Speculative and High-risk Trades with Domestic and Overseas Private Placement Vehicles
Geoffrey W. Nehrenz, between October 2009 and September 2013, allegedly sold investment contracts to clients through Keystone Capital Management, according to reports from the office of Steven M. Dettelbach, U.S. Attorney for the Northern District of Ohio currently being reviewed by attorneys Alan Rosca and Joe Peiffer.
Nehrenz, however, rather than investing the funds, allegedly used client money to pay personal and business expenses, to promote and prolong his investment scheme, and to orchestrate speculative, high-risk trades with domestic and overseas private placement vehicles without his clients’ authority, the FBI reports.
Finally, Keystone Capital was an Ohio LLC (limited liability company) registered as an investment adviser firm, but was not registered with the Securities and Exchange Commission, according to the U.S. attorney’s office.
Securities Lawyers Investigating
The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of alleged investment fraud and Ponzi schemes, and are currently investigating Geoffrey W. Nehrenz’s alleged Ponzi 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 Rosca Wolf securities lawyers would like to talk with investors who believe they lost money as a result of Geoffrey W. Nehrenz and Keystone Capital’s alleged Ponzi scheme. You may contact the securities lawyers at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free no-obligation evaluation of their recovery options, at 888-998-0520.