George W. Montgomery—Ponzi Scheme
George W. Montgomery, Deceased Former Arizona State University Football Captain, Allegedly Operated a Multimillion Dollar Twin Peaks Ponzi Scheme, Terminated by Fortune Financial Services and United Planners Financial Services
Have you lost funds investing with George Montgomery? George Montgomery, the now deceased former Arizona State University football captain, allegedly ran a multimillion dollar Ponzi scheme, according to an investigation from the Securities Division of the Arizona Corporation Commission currently under review by attorneys Jason Kane and Joe Peiffer.
George W. Montgomery was a financial advisor and registered representative of Fortune Financial Services (FFS) from January 2012 to July 2013, and also worked with United Planners Financial Services (UPFS) of America from 2005 to October 2011, according to a FINRA Broker Check Report. Montgomery was terminated by UPFS on October 2011 for alleged involvement in an unapproved outside business activity.
The Peiffer Wolf securities lawyers are currently investigating George W. Montgomery’s sales of certain securities.
Twin Peaks Alleged Ponzi Scheme Purportedly Lost at Least $3 Million
George W. Montgomery, who purportedly shot himself three times and suffered four wounds, according to an autopsy from the Yavapai County Medical Examiner, allegedly lost $3 million worth of investor money whilst running a Ponzi scheme known as Twin Peaks, according to an investigation from the Securities Division of the Arizona Corporation Commission presently being reviewed by attorneys Jason Kane and Joe Peiffer.
A FINRA arbitration claim have named Fortune Financial Services and United Planners Financial Services of America, where an investor alleges that Montgomery misrepresented the risks of a security and failed to invest money that was given to him, leading to losses of at least $235,000, FINRA reports.
The alleged scheme, called Twin Peaks, was located at the Yavapai County ghost town Stanton, near Congress, Arizona.
Securities Lawyers Investigating
The Peiffer Wolf securities lawyers often represent investors who lose money as a result of alleged Ponzi schemes, and are currently investigating George W. Montgomery’s alleged Ponzi scheme and the sale of certain securities. 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 George W. Montgomery’s alleged Ponzi 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.
Broker: George W. Montgomery
Status: INVESTIGATED by Peiffer Wolf
For brokercheck report and additional info click here!