Henry Hammond Indicted on Fraud Charges after Allegedly Orchestrating a Ponzi Scheme

Henry Thomas Hammond was indicted by a federal grand jury as a result of a $6.2 million series of investment fraud schemes. Hammond owned, operated, or was involved in several businesses, including Longhorn Construction, Inc., Longhorn Properties, LLC, Longhorn Development Group, Inc., Longhorn Construction, North American Investment Group, Inc., and others.

Hammond engaged in a number of schemes to defraud individuals and entities by seeking investments to support a Ponzi scheme, according to the indictment. Hammond informed investors that they would receive an exorbitant rate of return on their investments, however, he used the investors’ funds for his personal expenses and to pay other investors as part of the Ponzi scheme, according to the indictment. Hammond allegedly used some of the investors’ money to make vacation home payments and for elaborate hunting trips.

Hammond also used the Department of Justice emblem and “U.S. Department of Justice, Office of Legislative Affairs” letterhead on a fraudulent letter that was purportedly written on behalf of the United States Assistant Attorney General to U.S. Senator Lindsey Graham, according to the indictment. Hammond allegedly used the letter with the letterhead and seal to divert attention from his involvement in investment fraud and to encourage investors or other unindicted conspirators to give control of some investments to Hammond.

The Peiffer Wolf 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 Henry Hammond. 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 may have lost money as a result of their investment with Henry Hammond 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.

Peiffer Wolf (1311 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.