Guilty Plea in the Benchmark Capital Alleged Fraud

Investment fraud attorneysA finance professional in Knoxville, TN who was accused of co-conspiring with promoters and/or organizers of the Benchmark Capital alleged fraud pled guilty to one count of conspiracy to commit mail and wire fraud, according to documents filed in U.S. District Court. In that case, several other defendants including Joyce Allen, Brian Murphy, Sharon Kay Thomas, and Dona Rector have been charged with conspiracy to defraud investors in the Benchmark Capital alleged fraud out of millions of dollars, according to an indictment filed by the federal prosecutors the U.S. District Court.

The Peiffer Rosca law firm’s securities practice attorneys Jason Kane and Joe Peiffer are investigating the Benchmark Capital matter on behalf of investors.

Benchmark Capital Defrauded Investors

Benchmark Capital was allegedly an elaborate scheme that aimed to recruit many elderly investors and convince them to invest their retirement savings and the equity in their homes in phony annuity investments, as per the federal indictment. In the end, more than $42.6 million was invested in the company which caused a more than $18 million net loss for the respective investors. The alleged fraud was exposed shortly after its perpetrator, Charles Chandler, committed suicide.

Investor Right Attorneys Investigating the Benchmark Capital Alleged Fraud

The Peiffer Wolf Carr & Kane attorneys often represent investors who lose money as a result of Ponzi schemes, investment fraud, or stockbroker misconduct. They are currently investigating the possibility of assisting investors with the recovery of any losses they may have suffered in connection with the Benchmark Capital 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.

Investors who believe they lost money as a result of investment fraud or misconduct may contact the securities lawyers at Peiffer Wolf Carr & Kane, 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.