Hans Peter Black, Interinvest Corp.—Fraud, Penny Stock Scam

Ponzi scheme attorneysHans Peter Black and His Interinvest Corp. Allegedly Defrauded Investors and Squandered away up to $12 Million in Undisclosed Canadian Penny Stocks

Hans Peter Black, 62, and his Boston-based Interinvest Corp. allegedly defrauded investors and lost up to $12 million of investors’ money by investing in undisclosed Canadian penny stocks which had a piece of, according to a recent SEC Complaint.

The SEC Complaint goes on to allege that Hans Peter Black was on the board of four of the firms which had his clients invest in, and an independent entity which Black controls, also received $1.7 million from them, according to the SEC’s Complaint filed in a federal court in Boston.

The SEC Complaint also notes that said relationships, which have existed since 2010, were not disclosed to clients or in Interivest’s form ADV.

Hans Peter Black and Interinvest Charged with Fraud by SEC; SEC Asks Court to Freeze Interinvest’s Assets, Reported to be around $95 Million

Hans Peter Black and Interinvest have been charged with fraud by the SEC, and the SEC has asked a federal court in Boston to freeze Interinvest’s assets, according to a recent SEC Complaint.

When Interinvest filed its amended ADV, Inverinvest was said to have had $95 million in client assets as of April 2015. The SEC sent notice in February of 2015 asking for documentation of company accounts, but did not comply, according to the Complaint.

The SEC also alleges that up to $12 million of the $17 million sunk into the four aforementioned firms may have been lost according to recent trade reports regarding Interinvest’s penny stock accounts.

The Peiffer Wolf Carr & Kane Securities Lawyers Assist Investors

The Peiffer Wolf Carr & Kane securities lawyers often represent investors who lose money as a result of fraud and penny stock scams. 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 fraud or penny stock scams 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.

phil korosec (1250 Posts)

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.