James A. Torchia— Ongoing Investment Fraud Involving Promissory Notes and Life Settlement Contracts, Ponzi Scheme

investors rights attorneysJames A. Torchia, through CN Capital, Raised Tens of Millions from Investors who Purchased Unregistered Promissory Notes, Allegedly Touting the Notes as a Secure Investment Capable of Producing Solid Investment Returns

James A. Torchia, since 2009, through CN Capital, has reportedly raised tens of millions of dollars from investors who purchased unregistered promissory notes, most of which promised a 9% return, according to recent SEC Documents currently under review by attorneys Joe Peiffer and Alan Rosca.

CN Capital, the SEC Complaint further alleges, essentially operates as an ongoing Ponzi scheme through which said promised investment returns are paid using new investor money. Torchia and CN Capital, meanwhile, allegedly represented to investors that the aforementioned notes were a secure investment capable of generating reliable investment returns, the Complaint reports.

The Peiffer Rosca Wolf securities lawyers are currently investigating James A. Torchia’s alleged investment fraud involving promissory notes and life settlement contracts, and would like to talk to investors.

CN Capital’s Multi-million Dollar Per Year Operating Losses nor Massive Insolvency Allegedly Revealed to Investors; CN Acceptance’s Funds Allegedly Commingled with Those of CN Capital, Torchia, CN Capital and CN Acceptance Allegedly violated Securities Act.

CN Capital’s multi-million dollar annual operating losses nor its massive insolvency has ever allegedly been disclosed to investors, according to recent SEC Documents presently being reviewed by attorneys Joe Peiffer and Alan Rosca.

The SEC Complaint further alleges that CN Acceptance, another entity operated and controlled by Torchia, allegedly sells unregistered fractional interests in life settlement contracts (LS Interests) to investors and that CN Acceptance purportedly promises to pay the policy premiums using a portion of the purchase price.

Torchia, in reality, allegedly disregarded corporate formalities and mixed CN Acceptance’s funds with those of CN Capital, in such a manner that the LS Interests were threatened by CN Capital’s Insolvency, according to the SEC Complaint. Finally, the Complaint aalleges that Torchia, CN Capital and CN Acceptance violated the registration provisions of the Securities Act.

Securities Lawyers Investigating

The Peiffer Rosca Wolf securities lawyers often represent investors who lose money as a result of Ponzi schemes, and are currently investigating James A. Torchia’s alleged investment fraud and Ponzi schemes.  They would like to talk to individuals who invested in the entities that Torchia operates and controls. 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 James A. Torchia allegedly engaging in investment fraud  and operating a Ponzi scheme are encouraged to 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.

Alan Rosca (1157 Posts)

Alan is a securities lawyer. He also teaches Securities Regulation at the Cleveland-Marshall College of Law. He focuses his legal practice on complex commercial and financial litigation and arbitration, particularly in the areas of securities and investment fraud. His office is in Cleveland, Ohio.


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.