Investors Who Lost Any Money with Frederick V. McMenimen, III Encouraged to Contact the Peiffer Rosca Wolf Investment Recovery Lawyers
Did you trust your investment funds with Frederick V. McMenimen, III, 53, of Bow, New Hampshire?
The Peiffer Rosca Wolf investment recovery lawyers are currently investigating Frederick V. McMenimen, III who allegedly committed one count of mail fraud, one count of money laundering and three counts of federal income tax evasion, according to FBI documents currently being reviewed by attorneys Joe Peiffer and Alan Rosca.
From approximately September 2008, to about October 2011, McMenimen allegedly solicited more than $1 million in purported investments from some of his financial advisory clients, each of whom was an elderly widow with long-standing family and personal relationships with McMenimen’s family, according to FBI documents under review at present by attorneys Alan Rosca and Joe Peiffer.
Said clients reportedly wrote 23 checks payable to PSB in the aggregate estimated amount of approximately $1.3 million, the FBI documents further report.
McMenimen allegedly advised each client to liquidate existing annuities or other investments, to deposit the proceeds in their checking accounts and to then write checks payable to an entity known as PSB, according to FBI documents being poured over by attorneys Alan Rosca and Joe Peiffer.
The FBI documents further allege that McMenimen deposited the checks into a bank account he maintained in the name of PSB, and that he then used said funds to purchase official bank checks.
Prosecutors, however, contend that PSB was allegedly simply a shorthand reference to a now obsolete retail sporting goods business, PSB Sports LLC , that McMenimen had once owned and operated.
Investment Recovery Lawyers Investigating
The Peiffer Rosca Wolf investment recovery lawyers are currently investigating the Frederick V. McMenimen, III case, and the possibility of assisting any investors with the recovery of any losses they may have suffered. 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 Frederick V. McMenimen’s alleged misconduct may contact the investment rights attorneys at Peiffer Rosca Wolf, Alan Rosca or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at 888-998-0520.
Broker: Frederick V. McMenimen
Status: INVESTIGATED by Peiffer Rosca.
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