Hans Peter Black, Interinvest Corp.—Fraud, Penny Stock Scam
Hans 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 Rosca Wolf Securities Lawyers Assist Investors
The Peiffer Rosca Wolf 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 Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.